The treasury shares were acquired in 2011 directly through share buy  backs and the settlement of an over-the-counter forward purchase of  4,050,532 shares dated 20 July 2015.

As a consequence, Orange hereby  announces the early redemption of the forward purchase and its request  for physical delivery of 700,000 shares, to be added to the 15.3 million  existing shares already in treasury, in order to deliver the 16 million  shares to the benefit of participating employees on 31 July 2014.

Name of the issuer: Orange Transaction on financial instruments and purchases following the exercise of financial instruments
about Orange

Orange is one of the world's leading telecommunications operators with sales of 41 billion euros in 2013 and has 164,000 employees worldwide at 31 March 2014, including 101,000 employees in France. Present in 30 countries, the Group has a total customer base of more than 239 million customers at 31 March 2014, including 182 million mobile customers and 16 million fixed broadband customers worldwide. Orange is also a leading provider of global IT and telecommunication services to multinational companies, under the brand Orange Business Services.

Orange is listed on the NYSE Euronext Paris (symbol ORA) and on the New York Stock Exchange (symbol ORAN).
For more information on the internet and on your mobile: www.orange.com , www.orange-business.com , livetv.orange.com or to follow us on Twitter: @orange , @orangegrouppr , @orangebusiness .
Orange and any other Orange product or service names included in this material are trade marks of Orange Brand Services Limited.

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