TIMB TIM SA

TIM PARTICIPAÇÕES S.A.

Publicly-Held Company

CNPJ/ME 02.558.115/0001-21

NIRE 33.300.276.963

MINUTES OF THE BOARD OF DIRECTORS’ MEETING

HELD ON MARCH 10^th, 2020

DATE, TIME AND PLACE: March 10^th, 2020, at 9.00 a.m., at the head office of TIM Participações S.A. (“Company”), domiciled at Avenida João Cabral de Mello Neto, 850, Torre Norte, floor 12, room 1212, Barra da Tijuca, in the city and State of Rio de Janeiro.

PRESENCE: The Board of Directors’ Meeting of the Company was held at the date, time and place mentioned above, with the presence of Messrs. Nicandro Durante, Carlo Nardello, Elisabetta Romano, Flavia Maria Bittencourt, Gesner José de Oliveira Filho, Herculano Aníbal Alves, Sabrina Di Bartolomeo, Carlo Filangieri and Pietro Labriola, either in person or by means of audio or videoconference, as provided in paragraph 2^nd, Article 25 of the Company’s By-laws. Justified absence of Mr. Agostino Nuzzolo.

BOARD: Mr. Nicandro Durante - Chairman; and Mr. Jaques Horn – Secretary.

AGENDA: (1) To acknowledge on the presentation for the non-binding proposal by the Company and/or by its wholly-owned subsidiary, TIM S.A., for the potential acquisition of the mobile services business of Grupo Oi; and (2) To resolve on the Mobile Financial Services Project.

RESOLUTIONS: Upon the review of the material presented and filed at the Company’s head office, and based on the information provided and discussions of the subjects included on the Agenda, the Board Members, unanimously, by those present and with the abstention of the legally restricted, decided to register the discussions as follows:

(1) The Board members acknowledged, on this date, that the Company and/or its wholly-owned subsidiary, TIM S.A., and Telefônica Brasil S.A. (VIVO) have expressed their interest to Bank of America Merrill Lynch, financial advisor of Grupo Oi, in initiating the negotiations targeting a potential joint acquisition of Grupo Oi’s mobile business, in whole or in part, so that, if the transaction (“Transaction”) is completed, each one of the interested parties will receive a portion of said business.

The interest in the Transaction arises from the perspective that, if completed, it will add value to the Company and/or its wholly-owned subsidiary, TIM S.A., generating benefits to its customers and shareholders through the acceleration of its growth, the increase in operational efficiency and service quality. Additionally, the eventual completion of the Operation will bring benefits to the telecommunications market in general, reinforcing its competitiveness and investment capacity.

In view of the possibility of the completion of the Operation, the Board members recommended that the Company's management reassesses the metrics applicable to the Company's Long Term Incentive Plan.

(2)  After the presentation made by Mr. Renato de Ataliba Nogueira Ciuchini, responsible for Strategy & Transformation, on the studies carried out and the proposal to enter into agreements related to the development and implementation of mobile financial services ("Mobile Financial Services"), the Board members resolved and authorized the Officers of TIM S.A., a wholly-owned subsidiary of the Company, to negotiate and enter into terms, agreements, contracts, documents and everything else necessary, under the terms and conditions of the supporting material on file at the Company's headquarters. In this sense, the Officers and/or attorneys-in-fact of TIM S.A. are authorized to sign any and all documents that are necessary and to perform all acts legally required for the execution of the agreements referred to in the supporting material, including, if necessary, requesting and obtaining the necessary prior approvals from the competent regulatory bodies. Additionally, all acts performed, and contracts executed, related to this project, up to this date are ratified.

CLOSING: With no further issues to discuss, the meeting was adjourned, and these minutes drafted as summary, read, approved and signed by all attendees Board Members: Messrs. Nicandro Durante, Carlo Nardello, Elisabetta Romano, Flavia Maria Bittencourt, Gesner José de Oliveira Filho, Herculano Aníbal Alves, Sabrina Di Bartolomeo, Carlo Filangieri and Pietro Labriola.

I herein certify that these minutes are the faithful copy of the original version duly recorded in the respective corporate book.

Rio de Janeiro (RJ), March 10^th, 2020.

JAQUES HORN

Secretary