Investor Presentaiton

Creation of a leading convergent player accelerating OBE's convergent strategy & competitiveness at a national level Balanced and attractive combined business mix... 2020 revenue split by segment Orange orange Belgium 17% 2% 19% 10% €1.3bn 3% 44% + backed by high-quality and well-invested mobile and fixed networks orange 2% 5% 1% Orange Belgium 25% €517m 4% 63% National state-of-the-art mobile network 99.9% population coverage with 4G network 169 MHz spectrum held(1) RAN-sharing agreement with Proximus being deployed High-speed cable network in Wallonia & Brussels B 1.8m homes passed with HFC (download speeds up to 1GB) 99% coverage in Wallonia & 34% coverage in Brussels Ongoing DOCSIS 3.1 upgrade to further reinforce speed leadership 2% 15% 19% orange 8% 2% €1.8bn + coo 21% 33% Convergent service rev. Mobile-only service rev. Fixed-only service re. IT & integration service rev. Equipment rev. Wholesale rev. Other rev. Notes: (1) As reported in Orange Group AR 2020; (2) 35% cable national households coverage. 80%2 Cable households coverage in Brussels Wallonia and Brussels Flanders Wallonia Covered by OBE mobile network Covered by OBE mobile network + VOO fixed network

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