The Board of Directors of Tiscali has approved the rights issue of ca EUR 150 million, underwritten by Banca IMI and JPMorgan as lead managers and pro rata by Renato Soru

Cagliari, 10th January 2008 - The Board of Directors of Tiscali S.p.A. has today set the final conditions of the share capital increase with pre-emption rights for existing shareholders.

Standard&Poors has today assigned a B corporate rating, credit watch positive which S&P expects to become B+ upon full subscription of the capital increase.

For more information read the Press Release