Dealing

Tiscali - publication of documents relating to the Extraordinary
28, 29 and June 30: report pursuant to Article 2446 of the Civil Code
Cagliari, June 18, 2009
With regard to the Extraordinary Shareholders of the Company convened for 28, 29
and June 30, notice is hereby given that was made available to the public at the
Company headquarters, the Italian Stock Exchange and on the website www.tiscali.com - Section
investor relations - the report of the Board of Directors prepared in accordance with and
to article 2446 of the Civil Code and art. 74 of Consob Regulation
11971/99, as amended, together with the relevant observations of the College
Auditors.
Attached to this release the condensed income statement and balance
asset statements at 31 March 2009 Tiscali SpA, approved by the body
Administrative and above which the report refers.
It should be noted that the price of the two capital increases as an option, not the subject of
powers under Article 2443 of the Civil Code, the conversion ratio and the exercise price
of warrants, and the ratio of reverse stock split, to be submitted for
approval by shareholders, will be determined by the Board of Directors
the Company and communicated to the market Monday, June 22, 2009.
About Tiscali
Tiscali SpA (Italian Stock Exchange. Milan: TIS) is a leading alternative telecommunications companies in
Europe. With one of the largest and most interconnected IP technology-based networks in the world. Tiscali provides
its clients, private individuals and companies a wide range of services: Internet access through dial-up and
ADSL, voice, VoIP, media, value added services and other technologically advanced products.
At March 31, 2009, Tiscali had in Italy and the UK a total of about 2.7 million active users. Of these
more than 2.2 million ADSL subscribers.
The Tiscali website may be accessed at www.tiscali.com.
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Income civilisticoTiscali SpA
March 31
2009
March 31
2008
(Euro)
Revenues 3,472,857 3,280,198
Other income -
Purchases of materials and external services (719,403) (2,090,119)
Personnel costs (2,543,112) (5,562,272)
Other operating expenses (439,643) (622,127)
Bad debts -
Other write-downs -
Depreciation (88,181) (97,125)
Operating income (317,482) (5,091,444)
Share of results of the part. assessed by the method of
equity -
Income (expense), net 11,297 (314,032)
Income before income taxes (306,185) (5,405,476)
Income taxes (64,664) -
Net income from operating activities (continuing operations) (370,848) (5,405,476)
Income from discontinued operations and / or held for sale -
Net income (370,848) (5,405,476)
Tiscali SpA and Balance Sheet Statements
March 31, 31 dicembre
(Euro) 2009 2008
Non-current assets
Intangible assets 230,812 306,966
Property, plant and equipment 56,531 68,557
Equity investments 235 763 764 235 743 924
Other financial assets 2,407,616 5,496,440
238.458.723 241.615.887
Current Assets
Loans and advances to customers 28,223,872 23,782,983
Other receivables and other current assets 1,454,872 2,421,118
Other current assets 2,604,475 2,604,475
Cash and cash equivalents 1,373,591 1,373,247
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33.656.810 30.181.823
Assets held for sale
Total Assets 272,115,533 271,797,710
Capital and reserves
Capital 308 272 743 308 272 743
Share premium reserve 990 857 353 990 857 353
Reserve for stock options 4,008,000 3,840,707
Reserve for own shares (6,186,581) (6,186,581)
Accumulated losses and losses of the period (1,143,058,599) (1,142,687,751)
Total equity 153,892,915 154,096,471
Non-current liabilities
Other non-current liabilities 2,815,295 3,622,967
Liabilities for pension and termination indemnities 259 081 271 188
Provisions for risks and charges 39,818,566 40,220,386
42.892.941 44.114.541
Current liabilities
Due to banks and other lenders 629 327 626 825
Trade accounts payable 24,340,735 22,077,214
Other current liabilities 50,359,615 50,882,660
75.329.678 73.586.699
Liabilities directly associated with assets held for sale -
Total equity and liabilities 272 115 533 271 797 710
The manager responsible for preparing the corporate accounting Romano Fischetti
declares, pursuant to paragraph 2, Article 154-bis of the Consolidated Law on Financial
the accounting information contained in this press release corresponds to
document results, books and accounting records.
_________________________________
The manager responsible for preparing the corporate accounting
Romano Fischetti