TIM acquisitions, on the record

Word for word“on November 16, 2021, we sold 51% of the share capital of our subsidiary, I-Systems Soluções de Infraestrutura S.A. (formerly FiberCo Soluções de Infraestrutura S.A. (“FiberCo”)), company created by TIM to segregate network assets and provision of infrastructure services, to IHS and thereafter we no longer had any subsidiaries” 20-F for 2023

Word for word“On March 30, 2023, TIM’s annual general and extraordinary meeting approved the full incorporation of Cozani into TIM, with the incorporation and consequent extinction of Cozani becoming effective, for all intents and purposes, on April 1, 2023.” 20-F for 2023

Word for word“The price for 100% of the shares of SPE Cozani, after all the adjustments provided for in the Share Purchase Agreement (“SPA”), was R$6.98 billion.” 20-F for 2023

Word for word“In 2009, we acquired 100% of Intelig’s share capital from Holdco Participações Ltda.” 20-F for 2023

Word for word“In 2011, TIM Celular (which was subsequently merged into the Company as a result of the Reorganization) entered into an agreement with Companhia Brasiliana de Energia and AES Elpa (the AES Group in Brazil) for the purchase of all of AES Elpa’s equity interests in Eletropaulo Telecomunicações and 98.3% of the interest of AES RJ, (“AES Atimus Acquisition”).” 20-F for 2023

Word for word“In the auction, we acquired 11 lots, with a total value offered of R$1.05 billion, in three frequency bands: 3.5 GHz, 2.3 GHz and 26 GHz.” 20-F for 2023

Word for word“(i) in 2023, the gain from the transaction price adjustment related to the acquisition of certain assets of Oi Móvel S.A. – Under Judicial Reorganization (“Oi Móvel”); and (ii) in 2022, the post-closing price adjustment from the sale of control of I-Systems.” 20-F for 2024

Word for word“Potential investors should not rely on information not recognized under IFRS as a substitute for the IFRS measures of earnings, financial position, cash flows or profit (loss) in making an investment decision.” 20-F for 2024

Word for word“In 2011, TIM Celular (which was subsequently merged into us as a result of the Reorganization) entered into an agreement with Companhia Brasiliana de Energia and AES Elpa (the AES Group in Brazil) for the purchase of all of AES Elpa’s equity interests in Eletropaulo Telecomunicações and 98.3% of the interest of AES RJ, (“AES Atimus Acquisition”).” 20-F for 2024

Word for word“The offer was revised on July 27, 2020, and September 7, 2020 and the latter offer was accepted by Oi Group on December 14, 2020.” 20-F for 2024

Word for word“The final price for the UPI Mobile Assets portion attributed to the Company, considering the post-closing adjustment negotiated in the agreement, was R$6.68 billion, which has been paid in full.” 20-F for 2024

Word for word“On November 16, 2021, after regulatory authorizations from ANATEL and CADE, IHS Fiber Brasil – Cessão de Infraestruturas Ltda. (“IHS Fiber”), acquired from us a controlling equity interest in FiberCo.” 20-F for 2024

Word for word“By the end of 2024, FS Security and us concluded the renegotiation of certain terms of the partnership and, as a result, we acquired rights to subscribe a 27% stake in EXA Serviços de Tecnologia, which can be exercised within 24 months.” 20-F for 2024

Word for word“On February 11, 2026, we entered into a share purchase agreement with IHS Fiber to acquire their 51% ownership interest in I-Systems for a total consideration of R$950 million, payable on the closing date of the transaction.” 20-F for 2025

Word for word“The final price for the UPI Mobile Assets portion attributed to the Company, considering the post-closing adjustment negotiated in the agreement, was R$6.68 billion, which has been paid in full.” 20-F for 2025