Orange Belgium appoints Kepler Cheuvreux to manage its liquidity contract

Brussels – Orange Belgium announces today it has decided not to renew its current liquidity contract with Rothschild & Cie Banque and that is has entered into a liquidity contract with Kepler Cheuvreux to manage the liquidity of Orange Belgium’s shares traded on the regulated market of Euronext Brussels (ISIN BE0003735496). The contract starts on 1 August 2019 for a period of three years. Orange Belgium is allocating €2,000,000 (two million euros) to the liquidity account. The extraordinary general meeting of Orange Belgium of 2 May 2019 authorized the company to buy its own shares during a period of 5 years as from 2 May 2019. Kepler Cheuvreux will act entirely independently, in its own name but for the account of Orange Belgium.

The liquidity contract will be executed in compliance with regulation regarding liquidity contracts which includes:

• Article 7.215 of the Belgian Company code of 23 March 2019
• Belgian law of 2 August 2002 regarding the supervision of the financial sector and the financial services
• Regulation (EU) n° 596/2014 of the European Parliament and of the Council of 16 April, 2014 on Market Abuse (MAR)
• Commission Delegated Regulation (EU) 2016/908 of 26 February, 2016 supplementing MAR regulatory technical standards on the criteria, the procedure and the requirements for establishing an accepted market practice and the requirements for maintaining it, terminating it or modifying the conditions for its acceptance

Operations under the liquidity contract may be suspended:

• by Orange Belgium, if Kepler Cheuvreux did not perform reasonable care to provide liquidity of the shares;
• upon request of Orange Belgium for the period it specifies.
• by Kepler Cheuvreux in the case where information provided makes it impossible to fulfil its obligations and/or in the case where amounts due to Kepler Cheuvreux under the Liquidity contract have not been paid on the due date;
• by Orange Belgium and Kepler Cheuvreux in the event that the agreement or its execution would be in breach of applicable Belgian laws and regulation

The Liquidity contract may be terminated by both parties at any time with a prior notice of thirty (30) calendar days.

Transactions under the liquidity contract will be reported on a weekly basis and will be available in the “Shareholders & Investors” section of Orange Belgium’s website.

About Orange Belgium

Orange Belgium is one of the leading telecommunication operators in Belgium and in Luxembourg through its subsidiary Orange Communications Luxembourg.

As a convergent player, we provide mobile telecommunication services, internet and TV to private clients, as well as innovative mobile and fixed line services to businesses. Our high-performance mobile network supports 2G, 3G, 4G and 4G+ technology and is the subject of ongoing investments.

Orange Belgium is a subsidiary of Orange Group, one of the world’s leading telecommunications operators with a presence in 27 countries. Orange is also a leading provider of global IT and telecommunication services to multinational companies, under the brand Orange Business Services

Orange Belgium is listed on the Brussels Stock Exchange (OBEL).

More information on: corporate.orange.be, www.orange.be or follow us on Twitter: @pressOrangeBe.

Investor & analyst contacts

Ana Castaño Lopez +32 468 46 95 31

Eric Chang +32 495 55 98 17

ir@orange.be