Tiscali: Board of Directors approves 1Q2008 results

• Consolidated revenues at EUR 276.4 million, up by 43% on an annual basis
• EBITDA at EUR 48.3 million, up by 92% on an annual basis
• ADSL users number 2.45 million, an increase of more than 500 thousand on an annual basis and of approx. 74 thousand on a quarter basis. Broadband market share increases in Italy
• Strategic review process: industrial operators shortlisted

Cagliari, 12 May 2008 - The Board of Directors of Tiscali, which met today, has approved the 1Q2008 results.

Within the strategic review process that commenced last February, the Board of Directors has analysed the expressions of interest received by primary industrial operators which recognise the industrial value of Tiscali, both as a whole and for the operating companies in Italy and the UK.

The Board of Directors has therefore defined a shortlist, mandating the Chairman and CEO Mario Rosso to continue the discussion and negotiation of those expressions of interest, with the objective of maximising, in a short time frame, the value for all shareholders.

Read the press release