Investor Presentaiton

Footnotes 14 Altice France Holding S.A. holds 100% less one share of Altice France S.A., and Altice Luxembourg S.A. holds 100% of Altice France Holding S.A. and one share of Altice France S.A. The perimeter of consolidation for this presentation, the Altice France Holding Restricted Group, consists of Altice France Holding S.A., Altice France S.A. and its consolidated entities, excluding legal entities that have been declared as 'unrestricted subsidiaries', notably SportsCoTV S.A.S, the company that houses the Altice TV activity, as well as Altice Finco France S.A.S. Financials are shown pro forma for the Hivory transaction (Altice France announced it had entered into an exclusivity agreement to sell its 50.01% stake in Hivory to Cellnex on February 3, 2021); financials exclude the newspaper Libération (following disposal on September 3, 2020). Accrued capital expenditure excludes accruals related the acquisition of a new IRU for an amount of €183 million, the renewal of the 2G licences in March 2021 for an amount of €212 million, and 5G spectrum frequency reorganization for an amount of €7m. These amounts, in aggregate €402 million, remain unpaid as of March 31, 2021, with no cash impact in the first three months ended March 31, 2021. €1.5 billion liquidity includes €1.1 billion of undrawn revolvers and €0.4 billion of cash. The €0.4 billion of cash reflects the April/May 2021 refinancing transaction, including the effect of call premia and transaction fees where applicable. All pages Pages 3, 5, 6, 8 Pages 3, 7 Full-year organic FCF target excludes spectrum and significant litigation paid and received. Interest as shown includes Altice France Holding interest. Leverage is shown on an L2QA basis, pro forma for the refinancing closed May 4, 2021: issuance at Altice France of $3 billion (equivalent) new euro and dollar 2029 Senior Secured Notes, the partial redemption of the Altice France $5,190 million 2026 Senior Secured Notes and the effect of call premia and transaction fees. Pages 3, 8 Page 6 Pages 7, 8 Altice France net debt excludes operating lease liabilities recognized under IFRS 16. Altice France gross debt as shown is unswapped. Maturity profile as shown is excluding other debt and leases, overdraft (c.€72 million). Pro forma net debt reconciliation as of March 31, 2021 shown pro forma for the refinancing closed May 4, 2021: issuance at Altice France of $3 billion (equivalent) new euro and dollar 2029 Senior Secured Notes, the partial redemption of the Altice France $5,190 million 2026 Senior Secured Notes and the effect of call premia and transaction fees. Page 11 a altice

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