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New York Stock Exchange To Halt Trading On The American Depositary Shares Of Telecom Italia S.p.A.

Date 18/07/2003

The New York Stock Exchange announced that trading in the American Depositary Shares of Telecom Italia S.p.A. -- ticker symbols TI and TI.A -- will be halted at 11 AM because the offer to purchase the American Depositary Shares of Telecom Italia S.p.A. by Olivetti S.p.A., is set to expire today at 11:40 AM. The halt will be in effect until the results of the offer to purchase by Olivetti S.p.A., is received.