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LIST OF GROUP ENTITIES

The list below details all of Orange SA’s consolidated entities and associates at December 31, 2015.

COMPANY COUNTRY Orange SA Parent Company

Consolidated companies France Segment % Interest Country Auvergne Très haut débit 100.00 France CAPS Très Haut Débit SA 100.00 France Corsica Haut débit 100.00 France Gironde Haut Débit 100.00 France Grand Dax Très Haut Débit 100.00 France Générale de Téléphone SA 100.00 France Languedoc Roussillon Haut Débit 100.00 France Laval Haut Débit 100.00 France Morbihan Haut Débit 100.00 France Nordnet 100.00 France Orange Assistance 100.00 France Orange Caraïbe 100.00 France Orange Promotions 100.00 France Orange Réseau Franchise 100.00 France SPM Telecom (Saint Pierre et Miquelon) 70.00 France w-HA 100.00 France

Spain Segment % Interest Country Jazzplat Colombia 100,00 Colombia Orange Espagne 100,00 Spain Inversiones en Telecomunicaciones 66,67 Spain Jazz Telecom S.A.U. 100,00 Spain Jazzplat Espana S.L.U. 100,00 Spain Orange Catalunya Xaxet de Telecomunicacións 100,00 Spain Orange Espagne Distribucion 100,00 Spain Orange Espana Servicios de Telemarketing 100,00 Spain Orange España Virtual 100,00 Spain Jazztel Netherlands B.V. 100,00 Netherland Jazzcom Limited 100,00 Orange Spain plc. 100,00 United Kingdom

Poland Segment % Interest Country TP SA Eurofinance France 50.67 France Orange Retail 50.67 Poland Orange Szkolenia 50.67 Poland Fundacja Orange 50.67 Poland Integrated Solutions 50.67 Poland Orange Customer Service 50.67 Poland 50.67 Poland Orange Real Estate 50.67 Poland PTE Orange Polska 50.67 Poland Telefony Podlaskie 45.24 Poland TP Invest 50.67 Poland TP Teltech 50.67 Poland

Belgium and Luxembourg Segment % Interest Country Mobistar 52.91 Belgium Smart services Network 52.90 Belgium Walcom SA 52.91 Belgium Orange Communications Luxembourg 52.91 Luxembourg

Central European countries Segment % Interest Country 94.35 Moldova Orange Systems 94.35 Moldova 97.74 Romania Universal 2002 97.74 Romania Orange Services 97.74 Romania Orange Money SRL 97.74 Romania 100.00 Slovakia Orange Corpsec 100.00 Slovakia

Africa & Middle East Segment % Interest Country Atlas Countries Support 100.00 Belgium Atlas International Investments 100.00 Belgium MT Telecom 100.00 Belgium Orange Botswana 73.68 Botswana Fimocam 100.00 Cameroon Orange Cameroun 94.40 Cameroon Orange Cameroon Multimedia Services 94.40 Cameroon Orange RDC 100.00 Democratic Republic of Congo Congo Chine Telecom International Network 100.00 Democratic Republic of Congo Pan Communication Investments 100.00 Democratic Republic of Congo ECMS 98.92 ECMTS 98.92 Egypt Link Egypt 98.92 Egypt LinkdotNET 98.92 Egypt Link One 98.68 Egypt Mobinil 100.00 Egypt Mobinil for Importing SAE 98.91 Egypt Mobinil Services Company 96.97 Egypt FCR Côte d’Ivoire 90.00 France Orange Middle-East & Africa 100.00 France StarAfrica 100.00 France Orange Guinée (2) 38.17 Guinea Orange Bissau (2) 38.10 Guinea Bissau Côte d'Ivoire Multimédia 45.90 Ivory Coast Côte d'Ivoire Telecom (1) 45.90 Ivory Coast Groupement Orange Services 65.85 Ivory Coast Orange Côte d'Ivoire 85.00 Ivory Coast E-Dimension 51.00 Jordan JIT CO 100.00 Jordan Jordan Telecom 51.00 Jordan Mobilecom 51.00 Jordan Jordan Data Communications Co 51.00 Jordan Miraka 100.00 Madagascar Orange Madagascar 71.79 Madagascar Orange Money Madagascar 50.26 Madagascar Orange Mali (2) 29.65 Mali Medi Telecom 49.00 Morocco Medi Telecom Distribution 49.00 Morocco Rimcom 100.00 Telsea Mauritius 60.80 Mauritius Orange Niger 88.94 Niger Orange Centrafrique 100.00 Republic central african (2) 42.33 Senegal Sonatel Solutions 42.33 Senegal Sonatel Mobile (2) 42.33 Senegal Sonatel Multimedia 42.33 Senegal FCR Vietnam PTE 74.00 Vietnam (1) Orange SA owns and controls 90% of the share capital of FCR Cote d’Ivoire, which in turn owns and controls 51% of the share capital of Côte d’Ivoire Telecom. (2) Orange controls and consolidates Sonatel and its subsidiaries under the terms of the shareholders' agreement as supplemented by the Strategic Commitee Charter dated July 13. 2005. Orange SA owns and control 100 % of the share capital of FCR which owns and controls 42.33% of the share capital of Sonatel.

Enterprise Segment % Interest Country Argentina S.A 100.00 Argentina Equant Limited Liability Company 100.00 Armenia Orange Business Services Pty Ltd 100.00 Australia Orange Business Austria GmbH 100.00 Austria EGN B.V 100.00 Azerbaijan EGN B.V 100.00 Bahrain Equant Ltd. 100.00 Belarus Orange Application for Business Belgium 100.00 Belgium Orange Business Belgium S.A. 100.00 Belgium Orange Cyberdéfense Belgium 100.00 Belgium Equant Bermuda 100.00 Bermuda Equant Brasil Ltda. 100.00 Equant Holding Brasil Ltda 100.00 Brazil Equant Services Brasil Ltda. 100.00 Brazil Equant Bulgaria Ltd. 100.00 Bulgaria Orange Business Services Canada Inc. 100.00 Canada Fime Inc 100.00 Canada Equant Chile. S.A. 100.00 Chile Equant Telecommunications Technology (Beijing) Co. Ltd. 100.00 China Equant Telecommunications Technology (Beijing) Co. Ltd. 100.00 China Orange Business Services Colombia S.A. 100.00 Colombia OBCR Orange Business Costa Rica S.A. 100.00 Costa Rica Orange Business Hrvatska d.o.o. 100.00 Croatia Equant Telecommunications (Cyprus) Limited 100.00 Cyprus Orange Business Czech Republic s.r.o. 100.00 Czech Republic Orange Business Denmark A/S 100.00 Denmark Equant Republica Dominicana. C.A. 100.00 Dominican Republic Equant Egypt for Communications S.A.E. 100.00 Egypt Equant Services Egypt LLC 100.00 Egypt Equant El Salvador. S.A. de C.V. 100.00 El Salvador Orange Business Services Estonia OU 100.00 Estonia Orange Business Finland Oy 100.00 Finland Altenor 100.00 France Atheos Management 100.00 France EGT 100.00 France Equant France S.A. 100.00 France Equant S.A. 100.00 France FIME 100.00 France GlobeCast France 100.00 France GlobeCast Holding 100.00 France GlobeCast Reportages 100.00 France Inoven 100.00 France Neocles Corporate 100.00 France Netia 100.00 France Network Related Services 100.00 France Orange Connectivuty Workspace Services 100.00 France Orange Applications for Business Belgium 100.00 France Orange Business Services Participations 100.00 France Orange Cloud for Business 100.00 France Orange Consulting 100.00 France Ocean 100.00 France Financière Cybelle 100.00 France Cloudwatt 100.00 France Orange Cyberdefense 100.00 France SCI Groupe Silicomp 100.00 France Telefact 69.53 France Equant Georgia Limited 100.00 Georgia Orange Business Germany GmbH 100.00 Germany Equant Ghana Ltd. 100.00 Ghana Equant Gibraltar Ltd. 100.00 Gibraltar Equant Communications Hellas. S.A. 100.00 Greece Equant France S.A (Guadeloupe Branch) 100.00 Guadeloupe Equant Guam LLC 100.00 Guam Equant Guatemala S.A. 100.00 Guatemala Equant Honduras S.A. 100.00 Honduras Orange Business Services Limited 100.00 Hong Kong Orange Applications for Business Hong Kong 100.00 Hong Kong Equant Hungary Telecommunications Services Ltd. 100.00 Hungary Equant Iceland Ehf 100.00 Iceland Equant Private Limited 100.00 India Global One (India) Private Limited 100.00 India Orange Business Services India Network Private Limited 100.00 India Orange Business Services India Solutions Private Limited 100.00 India Orange Business Services India Technology Private Limited 100.00 India Silicomp India 100.00 India Orange Business Services Pte, Ltd 100.00 Indonesia Equant S.A 100.00 Iran Equant Network Services International Limited 100.00 Ireland Equant Network Systems Limited 100.00 Ireland France Telecom Israel Ltd. 100.00 Israel GlobeCast Italie 100.00 Italy EGN B.V 100.00 Italy Orange Business Italy s.p.a. 100.00 Italy Equant Ivory Coast S.A. 100.00 Ivory Coast Equant Jamaica Limited 100.00 Jamaica Fime Japon 100.00 Orange Business Services Japan Co.. Ltd. 100.00 Japan Equant LLP 100.00 Kazakhstan Equant Kyrgyz Ltd. 100.00 Kyrgyzstan Equant Latvia Ltd. 100.00 Latvia Globecast Near & Middle East S.A.L. Offshore 99.75 Lebanon Equant S.A 100.00 Lebanon Equant Lietuva UAB 100.00 Lietuva Orange Business Luxembourg S.A. 100.00 Luxembourg Equant Sdn. Bhd. 100.00 Malaysia Equant Services Malaysia Sdn. Bhd 100.00 Malaysia Orange Applications for Business Malaysia 100.00 Malaysia EGN B.V (Malta Branch) 100.00 Malta Equant S.A (Martinique Branch) 100.00 Martinique Orange Business Services Mauritius Limited 100.00 Mauritius Equant Mauritius Holdings Ltd. 100.00 Mauritius France Telecom Servicios 100.00 Mexico Orange Business Services Mexico. S.A. de C.V. 100.00 Mexico Equant Morocco Inc. 100.00 Morocco Equant European Networks B.V. 100.00 Netherlands Equant Global Network 100.00 Netherlands Newsforce International Holdings 100.00 Netherlands Orange Business Netherlands B.V. 100.00 Netherlands Equant New Zealand Limited 100.00 New Zealand Equant Nicaragua. S.A. 100.00 Nicaragua Equant Nigeria Ltd. 100.00 Nigeria Orange Business Norway AS 100.00 Norway Equant Pakistan (Private) Limited 100.00 Pakistan Equant Panama Inc. 100.00 Panama Equant Peru S.A. 100.00 Peru Equant Philippines Inc. 100.00 Philippines Orange Business Services Poland Sp.zo.o 100.00 Poland Orange Business Portugal S.A. 100.00 Portugal Equant Puerto Rico Inc. 100.00 Puerto Rico EGN LLC 100.00 Qatar Fime Korea 100.00 Republic of Korea Equant Global One Korea Ltd. 100.00 Republic of Korea Equant France S.A (Réunion Branch) 100.00 Réunion Equant Romania S.A. 100.00 Romania Equant LLC 100.00 Russian Federation GlobeCast Moskva 100.00 Russian Federation Equant Co. Ltd. Saudi Arabia 100.00 Saudi Arabia Orange Business Arabia LLC 100.00 Saudi Arabia Equant (Senegal) SAU 100.00 Senegal Equant Integration Services Pte. Ltd. 100.00 Singapore Orange Applications for Services Singapore Pte. Ltd. 100.00 Singapore Orange Carriers Singapore Pte. Ltd. 100.00 Singapore GlobeCast Asie 100.00 Singapore Orange Business for Services Singapore Pte. Ltd. 100.00 Singapore Orange Business Services Slovakia s.r.o. 100.00 Slovakia Equant d.o.o. Ljubljana 100.00 Slovenia Orange Business Services South Africa (PTY) Ltd. 100.00 South Africa GlobeCast Africa 100.00 South Africa GlobeCast South Africa 51.00 South Africa Orange Business Spain SAU 100.00 Spain Orange Business Sweden AB 100.00 Sweden Equant Integration Services S.A. 100.00 Switzerland Orange Business Switzerland AG 100.00 Switzerland Equant S.A (Syrie Branch) 100.00 Syria Orange Applications for Business Taiwan co. Ltd 100.00 Taiwan Orange Business Services Honk Kong Limited ( Tawain Branch) 100.00 Taiwan Feima 100.00 Taiwan Equant Tanzania Limited 100.00 Tanzania Equant (Thailand) Ltd. 100.00 Thailand Equant Holding (Thailand) Ltd. 100.00 Thailand Equant Istanbul Telekom Anonim Sirketi 100.00 Turkey Equant U.S. Virgin Islands Inc. 100.00 U.S. Virgin Islands Equant Telecom Ukraine LLC 100.00 Ukraine Equant Services Inc. ( United Arab Emirates branch) 100.00 United Arab Emirates Equant BV 100.00 United Kingdom Equant Network Services Europe Limited 100.00 United Kingdom GlobeCast UK 100.00 United Kingdom Orange Business Holdings UK Limited 100.00 United Kingdom Orange Business Integration UK Limited 100.00 United Kingdom Orange Business UK Limited 100.00 United Kingdom Equant Services. Inc. 100.00 United states France Telecom Corporate Solutions 100.00 United states Fime USA 100.00 United states GlobeCast America 100.00 United states Netia Inc 100.00 United states Orange Business Services Holdings U.S.. Inc. 100.00 United states Orange Business Services U.S.. Inc. 100.00 United states Equant Telecommunications Uruguay S.A. 100.00 Uruguay Equant Global Networks Uzbekistan 100.00 Uzbekistan Equant Venezuela. S.A. 100.00 Venezuela Orange Business (Vietnam) Co.. Ltd. 100.00 Vietnam Equant Limited 100.00 Zambia

International Carriers & Shared Services Segment % Interest Country Sofrecom Algérie 100.00 Algeria Sofrecom Argentina 100.00 Argentina Atlas Congo Investments 100.00 Belgium Atlas River Investments 100.00 Belgium Atlas Services Belgium 100.00 Belgium 100.00 Belgium Orange Research & Development Beijing 100.00 China Orange Sourcing Consulting 100.00 China Orange Venture Capital Investment Company 100.00 China Orange Venture Capital Investment Management Company 100.00 China Wirefree Services Denmark 100.00 Denmark Du Chêne Germain 92.00 France Francetel 100.00 France FT IMMO Gestion 100.00 France FT IMMO H 100.00 France FT Marine 100.00 France FTMI 100.00 France Institut Orange 100.00 France OCS 100.00 France Orange Lease 100.00 France Orange Gestion Immobilière 100.00 France Orange Cable Ship Finance 100.00 France Orange Technologies Investissements 100.00 France Orange Capital 100.00 France Orange Capital Management 100.00 France Orange East Africa 100.00 France Orange Digital Ventures 100.00 France Orange Editions 100.00 France Orange Horizons 100.00 France Orange Horizons Digital 100.00 France Orange Participations 100.00 France Orange Prestations TV 100.00 France Orange Projets Publics 100.00 France Orange Studio 100.00 France Orange TV Participations 100.00 France RAPP 9 100.00 France RAPP 26 100.00 France RAPPtel 100.00 France Simec 100.00 France Sofinergie 5 99.42 France Sofinergie CAPAC 99.78 France Sofrecom 100.00 France Soft At Home 81.16 France Telincom Courtage 100.00 France Viaccess 100.00 France Orca Interactive 100.00 Israël Elettra s.p.a 100.00 Italy Orange Japan Co Ltd 100.00 Japan FTM Liban 66.65 Lebanon Chamarel Marine Services 100.00 Mauritius Sofrecom Maroc 100.00 Morocco Sofrecom Services Maroc 100.00 Morocco Orange Horizons Latina 100.00 Mexico MMT Bis 100.00 Moldova Atlas Services Nederland 100.00 Netherland Sofrecom Polska 100.00 Poland Orange Horizons South Africa 100.00 South Africa Orange Global International Mobility 100.00 Switzerland Sofrecom Thailand 100.00 Thailand Sofrecom Tunisie 100.00 Tunisia Orange Innovation UK Ltd 100.00 United Kingdom Orange Brand Services 100.00 United Kingdom Orange Corporate Services 100.00 United Kingdom Orange Global Ltd 100.00 United Kingdom Orange International Ltd 100.00 United Kingdom Orange Telecommunications Group Ltd 100.00 United Kingdom Unanimis Holdings 100.00 United Kingdom FT Long Distance USA 100.00 United states Orange Digital Ventures US LLC 100.00 United states Orange Participations Holding Inc 100.00 United states Orange Participations US Inc 100.00 United states FT R&D LLC San Francisco 100.00 United states

Investments accounted for under the equity method

France Segment % Interest Country Buyster 30.89 France GIE Preventel 27.90 France

Spain Segment % Interest Country Safelayer Secure Communications 16.21 Spain

Belgium & Luxembourg Segment % Interest Country Irisnet SCRL 14.90 Belgium Irisnet 26.45 Belgium

Africa & Middle East Segment % Interest Country Getesa 40.00 Equatorial Guinea C2D2 34.00 France 20.24 Irak Telkom Kenya 70.00 Kenya Call Services 40.00 Mauritius Cellplus Mobile Communications 40.00 Mauritius 40.00 Mauritius Telecom Plus 40.00 Mauritius Teleservices 40.00 Mauritius MT Properties 40.00 Mauritius MT International Ventures 40.00 Mauritius Orange Tunisie 49.00 Tunisia Orange Tunisie Internet 49.00 Tunisia Telecom Vanuatu Limited 40.00 Vanuatu

Enterprise Segment % Interest Country CNTP-DOCAPOST-BPO 34.00 France M2O 20.00 France

International Carriers & Shared Services Segment % Interest Country Cascadia 49.83 France Iris Capital Management 24.52 France Nakama 2.06 France Odyssey Music Group (Deezer) 10.20 France Osherg Technologies Ltd 30.78 Israel EE 50.00 United Kingdom

Proportionally consolidated companies

Poland Segment % Interest Country NetWorkS! 25.34 Poland

Central European countries Segment % Interest Country Netgrid Telecom SRL 48.87 Romania

International Carriers & Shared Services Segment % Interest Country BuyIn 50.00 Belgium BuyIn SAS 50.00 France BuyIn Gmbh 50.00 Germany