Resolutions of Retelit Board of Directors - November 25, 2014

The Board of Directors of Retelit S.p.a.: - acknowledges the resignation tendered today by the Chairman Gabriele Pinosa, the Deputy Chairman Majdi Ashibani and the Directors Stefano Borghi, Abdelola Elghali and Paola Pillon, namely the majority of the Directors; - resolves to appoint the Chairman to convene the shareholders' meeting without delay, to pass the resolutions required in respect of the appointment of the Board of Directors. Completion is envisaged of the activities necessary to amend the structure of the executive bodies of the subsidiares e-via S.p.a. and Retelit USA, LLC, as the "pactum fiduciae" has ceased with some members of said executive bodies.