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Success of Tiscali’s rights issue: 97.85% underwritten

Tiscali Campus

Cagliari, 5th February 2008 - Successfully concluded the rights issue approved by Tiscali’s Board of Directors of 16th November 2007 and 10th January 2008, pursuant to the delegation by the shareholders’ meeting of 31st August 2007.

During the pre-emption rights offer period, between 14th January and 1st February 2008, 415,312,737 pre-emption rights have been subscribed, corresponding to a total of 146,580,966 new Tiscali’s ordinary shares, or 97.85% of the total 149,792,880 Tiscali’s ordinary shares offered, for a total issue value of EUR.

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