MATERIAL FACT

Extension of the Adjusted Closing Price calculation referring to the process of acquiring the mobile assets of Oi Móvel S.A.

TIM S.A., ("TIM" or "Company") (B3: TIMS3; NYSE: TIMB), pursuant to Article 157 of Law No. 6404 and the provisions of CVM Resolution No. 44, and in continuity with the Material Facts published on March 10th, 2020, July 18th, 2020, July 27th, 2020 and August 7th, 2020, September 7th, 2020, December 14th, 2020, January 29th, 2021, January 31st, 2022, February 09th, 2022 and April 13th, 2022 and April 20th, 2022, and the Notices to Shareholders published on June 28, 2022 and August 9, 2022, informs its shareholders and the market in general that, on the one hand, TIM, Telefônica Brasil S.A. and Claro S.A. (jointly "Buyers") and, on the other side, Oi Móvel S.A. - Under Judicial Reorganization ("Oi Móvel", "Seller"), agreed to extend by 30 days the deadline for sending notifications related to the calculation of the Adjusted Closing Price of the Transaction by the Buyers. Therefore, the deadline for sending the notifications will be extended until September 17th, 2022.

The amount retained by TIM, in the total of R$ 634.33 million, to meet any need for additional price adjustments to be made, under the terms of the Share Purchase Agreement ("SPA"), will continue fully retained by the Company until the end of the new agreed term.

The Company will keep its shareholders and the market in general duly informed of material facts related to this Transaction, pursuant to CVM Resolution No. 44 and applicable legislation.

Rio de Janeiro, August 15th, 2022.

TIM S.A.

Camille Loyo Faria

Chief Financial Officer and

Investor Relations Officer

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

TIM SA published this content on 16 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 August 2022 10:11:54 UTC.