Report on Corporate Governance
and on Remuneration 2011
Shareholding Structure
| Telco S.p.A. | 22.39% |
| Telecom Italia Group | 1.21% |
| Italian institutional investors | 10.45% |
| Foreign institutional investors | 41.30% |
| Italian companies | 0.95% |
| Foreign companies | 4.87% |
| Other italian shareholders | 18.76% |
| Other foreign shareholders | 0.07% |
The Governance System in Telecom Italia
Report on Remuneration 2011
By producing this Report, Telecom Italia complies for the first time with the requirement of article 123-ter of Legislative Decree no. 58/1998.