On February 26, 2019, Vivendi SA announced that it has issued a press release outlining its proposal to restore value to Telecom Italia S.p.A. as part of a proxy solicitation launched in accordance with Italian law. Vivendi SA also recommended the Company shareholders to vote for the resolutions to (1) revoke 5 of the Company’s current Directors in the persons of Fulvio Conti, Alfredo Altavilla, Massimo Ferrari, Dante Roscini, and Paola Giannotti de Ponti and (2) appoint 5 new Directors in the persons of Franco Bernabè, Rob van der Valk, Flavia Mazzarella, Gabriele Galateri di Genola, and Francesco Vatalaro in replacement of the revoked directors.