Board of Directors approves 2007 results. Objectives of the strategic plan met. Financial advisors to evaluate strategic options

Cagliari, 19th March 2008 -Tiscali’s Board of Directors has approved the 2007 draft financial statements. The results confirm the objectives of the Strategic Plan

Furthermore, as the first step in the process of evaluation of options of generating value for shareholders in light of the ongoing consolidation process in the telecommunications sector in Europe, the Board of Directors has decided to appoint a financial advisor. It has therefore mandated the CEO, Mario Rosso, to choose such advisor within qualified financial institutions with whom preliminary contacts have been already initiated.

The Board of Directors has also confirmed the targets of the Strategic Plan as presented to the market last November.

Read the press release