Orange Removed From Euronext 100 Index

New composition of Euronext 100 index

Following the official result of the takeover bid by the French company France Telecom (Euronext 100) for the French company Orange (Euronext 100), Orange will be removed from the Euronext 100 index effective Friday 24 October 2003. As of Friday 24 October 2003, the new number of shares for France Telecom in the Euronext 100 index will be 2,402,315,600.

In accordance with the rules of the Euronext 100 index the removed company will not be replaced immediately, but at the next quarterly review (effective 2 January 2004). As of Friday 24 October 2003, the Euronext 100 index will consist of 99 companies.

< b>Information/Isin codes

Information about Orange:

• Isin code: FR0000079196
• Mkt cap: 42,850 million Euro
• Shares: 4 814 590 240

Index: removed from Euronext 100 index effective Friday 24 October 2003

Information about France Telecom:

• Isin code: FR0000133308
• New mkt cap about: 51,049 million Euro
• New Shares: 2 402 315 600
• Index: Euronext 100 index

The Euronext 100 Index and Next 150 Index have been published since 2 October 2000. They are made up of the 250 securities with the highest market capitalisations traded on the official markets of Euronext. In order to be included in the indices the securities must meet liquidity criteria that are specified in the rules of the indices. Euronext Indices B.V. is the compiler of the indices under the supervision of the independent Euronext Indices Steering Committee.