Orange Belgium S.A.

Major Shareholding Notification • May 26, 2021

2) Issuer

1) Status of the notification

Final

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)
Polygon Global Partners LLP	4 Sloane Terrace, London, SW1X 9DQ
Reade Eugene Griffith

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

18/05/2021 (DD/MM/YYYY)

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
Reade Eugene Griffith	0	0
Polygon Global Partners LLP	3,175,000	2,649,000		4.41%
Subtotal	3,175,000	2,649,000		4.41%

⁰ ‐ ³ +

² +

TOTAL		2,649,000	0	4.41%	0.00%

Start with "groups" of holders. Add subtotals with , 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 .

B) Equivalent financial instruments	After the transaction
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
Polygon Global Partners LLP	Swap	26/10/2023		200,000	0.33%	cash	‐
Polygon Global Partners LLP	Swap	28/02/2022		346,000	0.58%	cash	+
	TOTAL			546,000	0.91%

The totals will be updated once you have clicked on

TOTAL (A & B)			# of voting rights % of voting rights
	CALCULATE	3,195,000	5.32%

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

Reade Eugene Griffith (natural person) controls Polygon Global Partners LLP

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

Polygon Global Partners LLP held 3,175,000 shares in Orange Belgium. Following the transaction of 18 May 2021 Polygon Global Partners LLP now holds 2,649,000 shares and 546,000 shares on a swap
position resulting in 3,195,000 shares in total.