[Regulated information] Orange Belgium in talks with Nethys on VOO stake conversion

Following the acquisition of VOO by Orange Belgium, Nethys retained 25% + one share in VOO. As part of this transaction, Nethys has the option of converting its stake in VOO into Orange Belgium shares, while retaining the governance rights associated with its stake in VOO once it has acquired a stake in Orange Belgium. Following a press article published today, Orange Belgium confirms that discussions with Nethys are underway with a view to implementing this operation. By contributing its stake in VOO, Nethys would obtain a stake in Orange Belgium of around 11%.

If applicable, this operation will fall within the scope of the procedure provided for in article 7:97 of the Companies and Associations Code, and will therefore be analyzed by a committee of independent Orange Belgium administrators, with the support of an independent expert, who will submit an opinion to the Board of Directors. This operation will then have to be approved by the General Meeting of Orange Belgium.

Sven Adams Senior Press Relations Officer, Orange Belgium

Koen Van Mol Investor Relations, Orange Belgium

About Orange Belgium

Orange Belgium is one of the major telecommunication operators on the Belgian market, with revenues of 1,749 million euros in 2023 and over 3 million customers on 31 December 2023, and in Luxembourg, via its subsidiary Orange Communications Luxembourg. Thanks to its own fixed and mobile networks, Orange Belgium offers both residential and business customers fixed and mobile connectivity services and convergent offerings (internet, telephony, television, including original TV content: Be tv, VOOsport, etc.). As a responsible operator, Orange Belgium invests to reduce its ecological footprint and promote sustainable and inclusive digital practices. Orange Belgium is also a wholesale operator, offering its partners access to its infrastructure as well as a broad portfolio of connectivity and mobility services, including offerings based on Big Data and the Internet of Things (IoT).

Orange Belgium is a subsidiary of the Orange Group, present in 26 countries with a total customer base of 298 million customers worldwide on 31 December 2023. The Group is also a leading provider of global IT and telecommunication services to multinational companies under the brand Orange Business.

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

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Orange and any other Orange product or service names included in this material are trademarks of Orange or Orange Brand Services Limited.

Press contact
Sven Adams – [email protected] +32 (0)486 36 47 22
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