MAROC_TELECOM_REGISTRATION_DOCUMENT_2017

GENERAL INFORMATION ABOUT THE COMPANY Information about the Company and corporate governance

2.2.2.4 COMPANY STOCK INFORMATION

2.2.2.4.1 Place of listing Maroc Telecom’s shares have been listed on both the Casablanca and Paris Stock Exchanges since Decemberb13, 2004. 2.2.2.4.2 Maroc Telecom share price Casablanca Stock Exchange

2

Marché Principal , code 8001

Transactions (c)

Number of stocks (in thousand)

Average Price (a) (in MAD)

High (b) (in MAD) 162.50 152.25 146.95 139.50 140.50 143.00 141.00 138.00 140.50 139.00 142.00 137.95

Low (b) (in MAD) 140.00 138.65 136.45 134.00 129.10 131.30 136.00 135.20 137.05 135.30 135.35 134.00

In capital (in MAD million)

Januaryb2017 Februaryb2017 Marchb2017 Aprilb2017 Mayb2017 Juneb2017 Julyb2017 Augustb2017 Septemberb2017 Octoberb2017 Novemberb2017 Decemberb2017

152.68 144.94 141.11 135.73 136.53 136.84 138.51 136.34 138.33 136.91 138.01 136.43

4,112.98 2,874.92 1,111.79 1,593.14 3,043.11 3,366.43 2,312.67 1,020.20 1,493.00 1,417.74 1,851.01 2,509.89

627.97 416.69 156.89 216.23 415.47 460.66 320.33 139.09 206.53 194.10 255.46 342.43

(a) The average price is calculated by dividing trading value by number of shares. (b) Excluding off-market transactions. (c) Intraday. Source: Casablanca Stock Exchange MAROC TELECOM SHARE PRICE TREND ON THE CASABLANCA STOCK EXCHANGE Since Decemberb2004 (base 100)

100 150 200 250 300 350 400

IAM MASI

0 50

12/01/2004

12/01/2006

12/01/2007

12/01/2008

12/01/2009

12/01/2010

12/01/2011

12/01/2012

12/01/2013

12/01/2014

12/01/2016

12/01/2017

12/01/2005

12/01/2015

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MAROC TELECOM ____ 2017 Registration Document