MAROC_TELECOM_REGISTRATION_DOCUMENT_2017

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

The flat-rate tax credit set out in Articleb25-3 of the Tax Treaty at 25% of the amount of dividends distributed can be offset against corporate income tax. However, the tax credit cannot exceed the amount of corporate income tax for French companies in respect of such dividends. The surplus tax credit cannot be refunded or carried forward.

Legal entities not qualifying for the parent-subsidiary tax treatment Companies are taxed on their dividend income: – at the normal rateb (1) of corporate income tax, plus the 3.3% social security contribution on corporate income tax if the amount of corporate income tax exceeds EURb763,000 per 12-month period.

2.2.3 CORPORATE GOVERNANCE

2.2.3.1 MANAGEMENT AND SUPERVISORY BODIES

The members of the Management Board members must be individuals. All the members of the Management Board must be employees of the Company and/or resident in Morocco for more than 183bdays abyear, unless an exception has been authorized at a Supervisory Board meeting by a qualified majority of three-quarters of the members present or represented. If the current term of office of a member of the Management Board is terminated, the Supervisory Board must appoint a replacement in the manner provided for by law and by the Company’s Bylaws.

2.2.3.1.1 Management Board COMPOSITION OF THE MANAGEMENT BOARD Composition

TheManagement Board is composed of five (5) members. It manages and directs the Company under the control of the Supervisory Board.

MEMBERS OF THE MANAGEMENT BOARD

Current Position and primary occupation

Maturity of office ends

Name

Date of appointment

Date of first appointment: Februaryb20, 2001 Appointment renewed: Februaryb24, 2017 Marchb1, 2019 Date of first appointment: Februaryb20, 2001 Appointment renewed: Februaryb24, 2017 Marchb1, 2019 Date of first appointment: Decemberb5, 2014 Appointment renewed: Februaryb24, 2017 Marchb1, 2019 Date of first appointment: Julyb22, 2016 Appointment renewed: Februaryb24, 2017 Marchb1, 2019 Date of first appointment: Octoberb2, 2017 Marchb1, 2019

Abdeslam Ahizoune

Chairman

Larbi Guedira

Managing Director Services

Hassan Rachad

Managing Director, Networks and Systems Managing Director, Legal and Regulatory Affairs

Brahim Boudaoud

François Vitte

Chief Financial Officer

(1) Or, as applicable, at the reduced rate of 15% for companies whose revenues are less than an amount being modified by the Finance Act for 2017 and within the limit of an amount of profit also being modified by the same law.

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MAROC TELECOM ____ 2017 Registration Document