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Investor Presentaiton

Attractive macroeconomics in Belgium to support the development of the fixed network Evolution of # households (m)6 4.7 CAGR 2010-20: +0.7% 2010 нн 4.9 нн 2015 5.0 2020 Share of ultrafast broadband subscriptions in Europe - 2019 (% of total subscribed) 78% 76% 64% 63% EU average 46% 47% 43% Hii 11.5m 3.6m Belgium population¹ Wallonia population¹ Brussels Evolution of broadband subscriptions by speed (% of total) 8% 3% 1% 1% 7% 11% 30% 35% 33% 68% 48% 55% 2016 2018 2020 ■<10 Mbps 10-30 Mbps 30-100 Mbps =>= 100 Mbps 1.2m Brussels population1 Flanders (c) Ultrafast broadband coverage² 3rd EU country 96%* 5 Convergence customers 47% in 2020 CAGR 13-20 16% Cable is the 1st technology represented in Belgium Cable represents c.53% of broadband connections³ Fiber is still in early ages of roll-out, c.2% of broadband connections. Its penetration growth is mainly fed by migration of DSL customers Wallonia Sources: Federal Public Service Economy, Analysis Mason. Notes: (1) As of Jan '20; (2) Ultrafast broadband refers to internet access with speeds higher than 100Mbps. As a percentage of households; (3) 2020e figures; (4) National level coverage; (5) Mobile Convergent - Share of Fixed Broadband (%); (6) Number of people per household has remained constant at 2.3 throughout the period.
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