Orange Belgium S.A.

Major Shareholding Notification • Jan 17, 2023

2) Issuer

1) Status of the notification

	Final
	Name ORANGE BELGIUM
Identification number 0456-810-810

3) Reason for the notification

Acquisition or disposal of voting securities or voting rights
Acquisition or disposal of financial instruments that are treated as voting securities

4) Notification by

	A parent undertaking or a controlling person
--	----------------------------------------------	--

5) Persons subject to the notification requirement

Name	Address (for legal entities)
UBS Group AG	Bahnhofstrasse 45, 8001 Zürich

6) Persons that dispose of voting rights (only to be filled in if art. 7 of the Law applies)

persons referred to in Sections 5 and 6

7) Date on which the threshold is crossed

8) Threshold that is crossed (in %)

If the holding has fallen below the lowest threshold, you have the option of not entering any numbers in Section 10

5

9) Denominator

60,014,414 Please enter the denominator before filling in the data

10) Notified details

A) Voting rights	Previous notification	After the transaction
	# of voting rights		# of voting rights		% of voting rights
Holders of voting rights		Linked to securities	Not linked to the securities	Linked to securities	Not linked to the securities	S
UBS Group AG	0	0		0.00%		1
UBS AG	0	1,428,170		2.38%		1
Subtotal		1,428,170		2.38%		S
	TOTAL	1,428,170	0	2.38%	0.00%

² - ³ +

² +

^A +

Start with "groups" of holders. Add subtotals with Σ, and then finish with the persons who are "alone". For groups, start with the ultimate controlling natural person or legal entity. The totals, subtotals and % will be updated once you have clicked on .

After the transaction B) Equivalent financial instruments
Holders of equivalent financial instruments	Type of financial instrument		Expiration date Exercise period or date	# of voting rights that may be acquired if the instrument is exercised	% of voting rights	Settlement
UBS AG	Right to substitute shares delivered as collaterals		Anytime	1,453,865	2.42%	physical	-
UBS AG	Right of use over shares		Anytime	179,101	0.30%	physical	+
	TOTAL			1,632,966	2.72%
	The totals will be updated once you have clicked on

TOTAL (A & B)			# of voting rights % of voting rights
	CALCULATE	3,061,136	5.10%

11) Full chain of controlled undertakings through which the holding is effectively held, if applicable

Please see full chain of control attached.

12) In case of proxy voting for only one GM

				(DD/MM/YYYY)
Holder	will cease to hold / will hold again	0	voting rights as of

13) Additional information

The disclosure obligation arose due to the total indirect holdings of UBS Group AG in voting rights of Orange Belgium SA, held directly by controlled undertakings, going above 5% on 30 December 2022. This was caused by an increase in the Trading Book holdings of the aforementioned entities above 5% and therefore no longer being exempt from reporting.

	Done at Zurich, Switzerland
On		05/01/2023 (DD/MM/YYYY)
Name & capacity Iwona Konwinska	Authorized Officer Ewa Zajac	Signature
	Authorized Officer	Signature