B2B Growth Avenues

Continued B2B Expansion in France B2B Revenue Breakdown in France Standalone Bundle Partnerships 2010 -100% 20% orange FNAC DARTY 2017 - Retail 2015 80% SFR 2020 - Telco Key Highlights Efficient acquisition strategy through bundle 1m premium active subscribers in less than 3 years Strengthened win-win proposition through switch from bundle to standalone Revenue and margin uplifts for Deezer Cost driver to revenue driver for Orange Source: Company information. 90% 2021 10% Cdiscount 2022 E-Commerce Signing additional B2B deals across various verticals 1 49 49

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