Joint Press release - Brussels/Mechelen, May 31, 2016

• Telenet`s mobile customers can continue using the premium mobile voice and data network of Orange Belgium until the end of 2018.

• Telenet committed to a minimum payment of €150.0 million over the 3-year period 2016-2018.

• Through the termination Agreement, all outstanding legal disputes between both companies have now been settled.

Orange Belgium and Telenet have entered into negotiations in order to agree upon the terms and conditions for the termination of their Full MVNO Agreement, which provides Telenet access to Orange Belgium`s network. Both companies have now reached an agreement setting the terms and conditions for the future termination of this Full MVNO Agreement.

Agreed terms and conditions for the Full MVNO Agreement termination
The Full MVNO service provided by Orange Belgium to Telenet will run until the end of the year 2018, implying Telenet`s mobile customers can continue to use Orange Belgium`s network until the end of 2018. Telenet committed to a minimum payment of €150.0 million (excluding VAT) over the 3-year period 2016-2018. The actual amount paid by Telenet could exceed this minimum amount in case of higher network usage. Beyond 2018, an optional 6-month extension period has been agreed upon with a minimum payment of €15.0 million (excluding VAT) if triggered. Through the termination Agreement, all outstanding legal disputes between both companies, including the judicial recovery of invoices under the Full MVNO Agreement, have now been settled.

Background information on the Full MVNO Agreement

By way of background, Mobistar (currently Orange Belgium) announced its first MVNO Agreement with Telenet in February 2006. In 2009, Telenet extended its relationship with Mobistar into a Full MVNO Agreement. In April 2012, both parties decided to extend the Full MVNO Agreement until December 31, 2017. In February 2016, Telenet acquired BASE Company NV. Telenet customers, which are currently hosted on the network of Orange Belgium, will be progressively migrated to the BASE network where and when the coverage extension and capacity upgrades will be regarded as sufficient by Telenet.

Orange Belgium Investor Relations

For the full PDF version, please click here below:

Orange B-Telenet full MVNO - NL
Oange B-Telenet full MVNO - FR
Orange B-Telenet full MVNO - UK

---

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Orange Belgium via GlobeNewswire
HUG#2016634