Fato relevante – TIM S.A.

Evandro Garcia

Entidades do setor produtivo divergem sobre corte na taxa de juros
Empresa: TIM S.A.
Data: 07/11/2023 07:08:28

Classificado como Uso Interno TIM S.A.
Publicly- Held Company
Corporate Taxpayer’s ID (CNPJ/MF): 02.421.421/0001 -11
Corporate Registry (NIRE): 33.300.324.631

MATERIAL FACT

STRATEGIC PLAN 2023 -2025: GUIDANCE UPDATE

TIM S.A. (“Company” or “TIM) (B3: TIMS3; NYSE: TIMB), in compliance with Article 157 of Law No
6,404 and the provisions of CVM Resolution N. 44, hereby informs its shareholders, the market in
general and all the interested party on the updates of the projections of its Strategic Plan 202 3-2025 ,
released to the market through a Material Fact dated as of February 14th , 202 3.

The Company publishes this update after a quarter of significant evolution of its financial results and
the resolution of the disputes with Oi S.A. – In Judicial Recovery regarding the termination of the
transaction (Material Fact disclosed to the market on October 4, 2023) . The combination of these
elements led to an i mprovement in the assumptions that resulted in the short -term goals outlined in
its 2023 -2025 Plan.

Management has therefore updated its estimates for the ” Remuneration announced to shareholders ”
indicator, leading to an amount of more than R$2.9 billion1 for 2023 (an increase of R$600 million
compared to the original estimate of ~R$2.3 billion).

In addition to the indicator above, considering (i) the revision of the impacts of the approval of the
Cozani’s merger, disclosed to the market through a material fact filed on March 31, 2023, and (ii) the
adjustment in the Closing Price mentioned above , the management of TIM updated the projection of
a positive tax impact related to the “Goodwill from the acquisition of Oi’s assets ” to an NPV of around
R$1 billion.

In the tables below, TIM highlights the previous and updated short and medium -term s targets for
2023- 2025.

1 Still subject to approval of the Proposal for Allocation of results by the Company’s Board of Directors and the
Ordinary General Meeting to be held in 2024.

Classificado como Uso Interno

Projections 202 3-2025 (previous)
KPI 2023 Projection
(Short -Term) Medium -Term
Remuneration announced to
shareholders2 ~2.3 billion Continuous Evolution
Goodwill from the acquisition of
Oi’s assets NPV of approx. R$ 700 million

Projections 2023 -2025 (updates)
KPI 2023 Projection
(Short -Term) Medium -Term
Remuneration announced to
shareholders3 >2.9 billion Continuous Evolution
Goodwill from the acquisition of Oi’s
assets NPV of approx. R$ 1.0 billion
Note: These projections do not consider the implementation of tax reforms, regulatory changes, or new frequency
auctions.

Finally, TIM informs that the other indicators and projections previously disclosed by the Company
have not been changed for the 2023 -2025 Strategic Plan and its guidance .

Rio de Janeiro, November 07th , 2022.

TIM S.A.
Alberto Mario Griselli
Chief Executive Officer and
Investor Relations Officer

2 The target considers announcements of dividends and interest on equity in gross form.
3 The target considers announcements of dividends and interest on equity in gross form.

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