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FINANCIAL REPORT - Maroc Telecom

1 FINANCIAL REPORT First Half of 2015 2 Preliminary remarks: This FINANCIAL REPORT and the unaudited condensed FINANCIAL statements for the half year ended June 30, 2015 were approved by the Management Board on July 10th, 2015. They were submitted to the Supervisory Board on July 22, 2015, after review by the Audit Committee at its meeting on July 22, 2015. This REPORT should be read in conjunction with the Management Board s REPORT for the year ended December 31, 2014 as published in Registration Document as filed with the Securities Regulator (AMF) on April 10, 2015 ( the 2014 Registration Document ). 3 CONTENTS HIGHLIGHTS 1. CERTIFICATIONS Person responsible for the interim REPORT 7 Certification of the interim REPORT 7 Persons responsible for the audit of the FINANCIAL statements 7 2. ACTIVITY REPORT FOR THE FIRST HALF OF 2015 Description of activities 10 Related-party transactions 15 Recent development and guidance 18 3.

2 Preliminary remarks: This financial report and the unaudited condensed financial statements for the half year ended June 30, 2015 were approved by the Management Board on July 10th, 2015.They were submitted to the Supervisory Board on

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