15.4m MOBILE SUBSCRIBERS

MARKET LEADER

~29% MARKET SHARE

€1.7bn IN REVENUES(2)

6.8m MOBILE SUBSCRIBERS

~9% MARKET SHARE

€600m IN REVENUES(2)

20m SUBSCRIBERS

No. 1 ALTERNATIVE OPERATOR WITH 6.7m

SUBSCRIBERS ~23% MARKET SHARE

(27% of the Fiber market)

No. 3 MOBILE OPERATOR(2) WITH 13.5m

SUBSCRIBERS

~18% MARKET SHARE

€5.0bn IN REVENUES(2)

2

ITALY

42m SUBSCRIBERS(1)

€7.1bn IN REVENUES(2)

14,500 EMPLOYEES(3)

FRANCE

POLAND

(2) Over the past 12 months, pro forma Group figures

(1) Q3 2020

(3) Q4 2020 with Poland

9M 2020 REVIEW

4

(1) Power Usage Effectiveness: indicator used to measure data center energy efficiency

Data centersFixed and

Mobile networks

Design of our Freeboxes

Vehicle fleetMobile phones

▪ Combatting programmed obsolescence by extending the useful life of our Freeboxes

▪ Optimizing energy use and packaging ▪ Setting up a circular logistics chain to recycle products

▪ Massive rollout of Fiber, an eco-efficient technology▪ No 2G – an energy-hungry technology

▪ Data centers located in France▪ Many innovations to limit energy use and reduce our PUE(1)

ratio

▪ Renewing our fleet▪ Raising awareness and training teams▪ Optimizing our technicians’ journeys

▪ A SIM-only model rather than subsidized phones

▪ Initiatives to encourage reusing/recycling mobile phones

▪ Reducing CO2 emissions across our transport chain▪ Eliminating air freight apart from exceptional circumstances

(Covid-19)

5

Those numbers are for 2019 and exclude Poland which has just recently been integrated.

6

(1) Scope 2

1OO% of the Group’s energy

certified as derived fromrenewable sources

Net zerofor direct emissions –

15 years earlier than theParis Agreement target

Net zerofor our main

indirect emissions

7

•

•

•

•

•

•

•

•

•

•

•

•

•

•

•

•

•

•

•

•

•

•

8

40%

5x

Freebox Revolution

9

Since 2018, all of the energy used in our data centers (DCs) has been hydraulic. Scaleway has created a unique cooling process for its largest DC – a patented adiabatic technology.

Our objective: to be the most energy-efficient Cloud player. This means:

1. Controlling our energy and water use via a weighted indicator that goes much further than the PUE indicator2. Campaigning for water conservation and efficiency3. Promoting the circular economy4. Raising our clients’ awareness about the environmental footprint of products by detailing it line by line on each invoice we issue as of 2021

9M 2020 REVIEW

11

12* PIN = public initiative network. Non-exhaustive list of PIN partnerships for illustrative purposes only – Free Fiber is marketed across all "départements" in Metropolitan France

(3.5 Ghz)

13

CREATE LONG-TERM EMPLOYMENT

- Over 14,500employees(1)

- Pro-active policy of providing long-term

employment (96% on permanent contracts)(2)

HELP YOUNG PEOPLE GET ON THE JOB LADDER

~ 60% of our employees are under 35

- Some 1,500 are under 26

- 22% of our new hires in 2020 were under 25

- 342 work-study active placements in 2020

DEVELOP SKILLS, OFFER OPPORTUNITIES

- Mobility charter

- Active training policy

(51 hours on average in 2019)

PROMOTE DIVERSITY AND EQUAL

OPPORTUNITIES, COMBAT

DISCRIMINATION

- A diverse Group with 67nationalities

- Awareness-raising campaigns about

diversity and fair pay

- Gender parity KPI up, at least 77 and up to 97(3)

INVOLVE EMPLOYEES IN THE GROUP’S SUCCESS

- 1st employee share ownership plan launched in 2019 (3,000 employees

took part), and a new plan launch scheduled for

2021

- Number of free share plan beneficiaries

increased

(1) Including Poland

(2) Excluding Poland which has just joined the Group

(3) Excluding Jaguar Network which was integrated in 2019 –5 subsidiaries: UES Iliad, Protelco, UES MCRA, Online, F-Distribution

14

We are committed to building long-lasting, responsible and supportive relations with our business partners, sub-contractors and suppliers

Integrating CSR and business ethics criteria into our

procurement policy

• Selection: taking into account values relating to ethics and CSR in the selectionprocedure

• Assessment: setting up an internal system for approving and managing suppliersin order to prevent corruption risks; deploying a CSR strategy and monitoringGDPR compliance

• External assessments: assessments of suppliers under way by EcoVadis (suppliersrepresenting over 50% of our purchases already assessed)

Working with companies in the sheltered sector

• Committed involvement for over 10 years now, ensuring stable, lasting work for various sheltered-sector companies

• Covering a range of different activities: dismantling end-of-life products, cleaning and re-coiling cables, packaging, etc.

• These activities represent around 150 jobs

A support fund created to help small businesses through

the Covid-19 crisis

• The Solid-19 support fund - €10 million made available - was created in April2020 to help our small-business sub-contractors who have been hit financiallyby the pandemic

• As soon as March 20, 2020 we dedicated an envelope of €100 million toaccelerate payments to our small-business sub-contractors to ease their cashflow

15

16

50%

100%

71%

55%

3/3

(1) Excluding the employee representative director

100%49

100%44%

17(1) Excluding the employee representative director

COMMITTEE

CHAIR

COMMITTEE

CHAIRCOMMITTEE

CHAIR

THE BOARD COMMITTEES ARE ALL CHAIRED BY INDEPENDENT DIRECTORS

18

MANAGEMENT TEAM

THOMAS REYNAUD

(Group CEO)JEAN-MARC

HARION

(CEO Poland)

BENEDETTO LEVI

(CEO Italy)

ANTOINE LEVAVASSEUR

(Deputy CEO

DirectorInformation Systems)

CAMILLE PERRIN

(Chief Marketing Officer)

RANI ASSAF

(DeputyCEO)

CTO)

SHAHRZAD SHARVAN

(General Counsel)

NICOLAS JAEGER

(Group CFO)

CÉLINE POLO

(Chief HR Officer)

100%

33% women

among the

management team

5 nationalities

represented

9M 2020 REVIEW

Twitter @GroupeIliad