Carta Intestata Wind Tre S.P.A

Milan, August 1tst 2019

ANNOUNCEMENT 2019 INTERIM RESULTS OF CK HUTCHISON HOLDINGS LIMITED

Wind Tre S.p.A. (the “Company” and, together with its subsidiaries, the “Group”) has noted that CK Hutchison Holdings Limited, of which the Company is an indirect wholly owned subsidiary (“CKHH” and, together with its subsidiaries, the “CKHH Group”) has announced on its website the annual results of the CKHH Group for the six months ended 30 June 2019, which include financial information relating to the results of the Group as shown below:

CKHH Chairman’s Statement In July 2019, CKHH Group formed a new wholly-owned telecommunication holding company, CK Hutchison Group Telecom Holdings (“CK Hutchison Telecom”), which consolidates CKHH Group’s European operations and HTHKH under one holding entity, providing a diversified telecommunication asset platform across eight geographical locations. The CK Hutchison Telecom Group will refinance all the existing external debt of Wind Tre of approximately €10 billion and be separately rated with an expected investment grade rating from all three credit rating agencies. Correspondingly, the CK Hutchison Telecom Group will also set up a new telecommunication infrastructure company, CK Hutchison Networks Holdings (“CK Hutchison Networks”) which will group the 28,500 tower asset interests into a separately managed wholly-owned subsidiary of CK Hutchison Telecom. The new organization structure and the refinancing transaction will allow CKHH Group to generate significant financing cost savings from 2020 onwards, as well as rationalize its investments in light of the expected need for harmonization of network, IT platform, and infrastructure configurations to meet new transnational business opportunities going forward.

Wind Tre S.p.A. con Socio Unico - Direzione e Coordinamento VIP-CKH Luxembourg S.à r.l. Sede Legale: Largo Metropolitana, 5 – 20017 Rho (MI) Italia - Reg. Imp/C.F.: 02517580920 Partita IVA: 13378520152 - RAEE IT08020000002813 – Cap. sociale EURO 474.303.795,00 i.v.

Milan, August 1tst 2019

Note 1: 3 Group Europe 1H 2019 includes 100% share of Wind Tre’s results, of which fixed line business revenue was €552 million and EBITDA was €168 million, while 1H 2018 represented 50% share of Wind Tre’s results, of which fixed line business revenue was €290 million and EBITDA was €83 million. For comparability purposes in the Italy section above, 100% Wind Tre results in 1H 2018 have also been presented and the % changes are calculated based on the 100% Wind Tre numbers

This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Company in any jurisdiction.