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Telecom Italia S.p.A. Home page

Structure of the paid-up capital

The subscribed and paid-up share capital on December 31, 2008 is shown in Table 1.

The Company’s ordinary and savings shares are listed on Borsa Italiana and on the New York Stock Exchange in the form of American Depositary Shares, each of which corresponds to 10 ordinary shares or 10 savings shares as the case may be, represented by American Depositary Receipts issued by JPMorgan Chase Bank.

The bonds issued by the Company that give holders the right to subscribe for newly issued shares are shown in Table 2.

For information on Telecom Italia’s existing stock option plans and the capital increases for their implementation, see the notes to Telecom Italia’s financial statements for the year ended December 31, 2008.