MAROC_TELECOM_REGISTRATION_DOCUMENT_2017

+ MESSAGE FROM THE MANAGEMENT BOARD’S CHAIRMAN Abdeslam Ahizoune

Despite strong competitive and regulatory pressure, the performance of theMaroc TelecomGroup in 2017was excellent and demonstrated its resilience and agility in adapting tomarket developments. Its good results affirm its strategic choices and give it the resources to achieve its ambitions. The Group is oriented toward Africa, where it currently has nearly 57bmillion customers, includingmore than 35bmillion in its subsidiaries on the continent. Maroc Telecom is one of the first companies that shared its know-how to help Africa develop harmoniously and rely on its own strength to achieve progress. This development, which involves promoting employment and investment to combat the digital divide, aims to provide everyone with the tools to speed up access to knowledge and expertise. The success of Maroc Telecom’s subsidiaries is based on the geographic proximity and the sharing of a common cultural and historical heritage, as well as respect for identities and, of course, the participation of local human resources. All of these assets can be seen in the current rapid growth of Maroc Telecom’s platform, one of the most successful in Africa and a significant contributor to the Group’s results today. Because access to new technologies is an essential condition for the emancipation of individuals and societies, Maroc Telecom has made it a priority to support the development of a uniform and efficient digital society. This is what made 2017 anotherbyear of massive investments across the Group to deploy and expand infrastructure and make technological innovation accessible to as many people as possible. Efforts are still constantly underway to connect themost remote areas. It is in this context that Maroc Telecom, after deploying 52,000 km of Fiber Optic cable nationally and internationally, will launch the West Africa international fiber optic undersea cableway in 2018. By significantly increasing the connectivity of the countries linked to it, this cable will contribute to the permanent reduction of the digital divide in Africa. More than a global telecoms operator, Maroc Telecom is assisting the development of an entire continent.

More than a global telecoms operator, Maroc Telecom is assisting the development of an entire continent.

Abdeslam Ahizoune

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MAROC TELECOM ____ 2017 Registration Document