Fega + Schmitt Elektrogroßhandel Tender For Tim Shares Does Not Receive Approval

Tim SA TTIM:

• TENDER FOR TIM SHARES LAUNCHED BY FEGA + SCHMITT ELEKTROGROßHANDEL DID NOT RECEIVE APPROVAL FOR MERGER

• FOLLOWING LACK OF PROPER APPROVAL FEGA + SCHMITT ELEKTROGROßHANDEL WILL NOT ACQUIRE SHARES IN TIM

• FEGA + SCHMITT ELEKTROGROßHANDEL TO CONTINUE TO BE ENGAGED IN TRANSACTION AND WILL WORK CLOSELY WITH POLAND'S UOKIK