Investor Presentaiton

Q1 2021 Europe Solid commercial performance. Other European Countries growing +2.2% yoy Revenue evolution (in €m) in €m Revenues Retail services Convergent services* Q1 21 2,583 Q1 20 cb yoy cb 2,646 -2.4% 1,727 1,808 -4.5% 666 690 -3.6% Mobile only services 719 772 -6.9% -94 9 Fixed only services 265 274 -3.3% 25 IT & integration services 77 71 +7.7% 2,646 Wholesale 454 471 -3.7% Other European Countries growing +2.2% 2,583 Equipment sales 368 323 +14.2% Other revenues 34 44 -22.9% *B2C only 1Q'20 Spain Poland Belgium Romania, Luxembourg Slovakia, Moldova Actual 1 Q Europe, mobile contract net adds ex-M2M (in '000s) Net Adds % convergence in base FTTH Europe, Fixed Broadband net adds (in '000s) Others (xDSL, Cable, Fixed LTE) % convergence in base +317 31% +221 33% 67% +147 67% +96 +62 +64 +175 +139 +126 +62 +32 -42 -43 -28 -70 -64 -99 -129 -10 -8 Q1 20 Q2 20 Q3 20 Q4 20 Q1 21 8 Q1 20 Q2 20 Q3 20 Q4 20 Q1 21

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