MAROC_TELECOM_REGISTRATION_DOCUMENT_2017

DESCRIPTION OF THE GROUP, BUSINESS ACTIVITIES, LEGAL AND ARBITRATION PROCEEDINGS

Legal and arbitration proceedings

3.3 _ Legal and arbitration proceedings To the Company’s knowledge, there are no pending or potential government, legal, or arbitration proceedings that may have or have had in the past 12bmonths a significant effect on the Company and/ or the Group’s financial position or profits, with the exception of the following disputes: SARCI SARL dispute (subsidiary)

Notebthat Telecel Benin is not one of the companies that Itissalat Al-Maghrib acquired from Etisalat Group in 2015. SARCIbhas takenmeasures to enforce this decision against Itissalat Al- Maghrib subsidiaries (Etisalat Benin,Atlantique TelecomTogobSAand Atlantique Telecom CentrafriquebSA). However, Itissalat Al-Maghrib considers these enforcement measures to be unfair on the grounds that these subsidiaries have no direct involvement with the original dispute. It has therefore commenced defense proceedings, some of which have already led to the measures being lifted. Furthermore, Etisalat Group has commenced proceedings to set aside the initial arbitral award that prompted these actions.

3

A dispute between Société Africaine des Relations Commerciales et Industrielles (SARCI) and Atlantique TelecombSA, a subsidiary of Etisalat Group, resulted in an arbitral award ordering the latter to pay damages of 271,957,733,645bCFAbfranc (around MADb4.5bbillion), plus interest, for the loss thatbSARCI estimates that it incurred as a shareholder of Telecel Benin during the period of 2002-2007.

103

MAROC TELECOM ____ 2017 Registration Document