Fastweb Approves Swisscom Offer

MILAN -- The Board of Directors of FASTWEB (Milano, MTAX: FWB) mettoday and approved the Issuer’s Notice relating to the Voluntary Public Tender Offerlaunched by Swisscom Italia S.r.l., pursuant to article 102 of Legislative Decree 58/98(TUF), on all outstanding shares of FASTWEB not held by the offeror, representing17.918% of the share capital of FASTWEB.

The Board of Directors, having taken note of the fairness opinions issued by theindependent financial advisors, Mediobanca - Banca di Credito Finanziario S.p.A. andUniCredit Corporate & Investment Banking S.p.A., considered the price of Euro 18 offeredby the offeror fair from a financial point of view.

The Issuer’s Notice will be available, together with the Offer Document, in accordancewith the terms provided by the applicable laws.

Fastweb SpA (Milan: FWB)