Offer Update

RNS Number:4750X
Orange S.A.
07 April 2004

Not for distribution in or into the United States, Canada or Japan

Orange S.A.

7 April 2004

Further to the announcements made on 2 December 2003 and 7 April 2004, Orange SA
announces that on 6 April 2004 the Paris Court of Appeals published its decision
to dismiss the proceedings brought against the French market authority's
approval of the Tender Offer of Euro9.50 per Orange share made by France Telecom on
20 November 2003 (the 'Tender Offer'). The Tender Offer will now close on 16
April 2004 and the compulsory purchase of shares not tendered into the Tender
Offer will take place on 23 April 2004. At the request of the French market
authority trading in the Company's shares in Paris, which was suspended with
effect from close of business on 5 April 2004, will not resume. Trading in the
Company's shares on the London Stock Exchange, which was suspended with effect
from 7.30am on 6 April 2004, will not resume and will be cancelled on 23 April
2004.

This press release may not be published, distributed, diffused or otherwise sent
into the United States of America (including its territories and possessions,
every State in the United States and the District of Columbia), Canada or Japan.
This press release does not constitute an extension of the tender offer
mentioned herein into the United States. The offer mentioned herein is not being
made, directly or indirectly, in or by use of the mails or any means or
instrumentality (including, without limitation, facsimile transmission, telex,
telephone or electronic mail) of interstate or foreign commerce of, or any
facilities of a national securities exchange of, the United States and the offer
is not capable of acceptance by any such use, means, instrumentality or facility
of, or from within, the United States. Persons wishing to accept the tender
offer mentioned herein must not use United States mails or any such means or
instrumentality for any purpose directly or indirectly related to the acceptance
of the offer.

This press release has not been prepared in the context of a public tender offer
in Italy within the meaning of Article 1, paragraph 1, letter (v) of Legislative
Decree No. 58 of February 24 1998 ("Decree 58/98"), and Article 33 paragraph 1
of Regulation No. 11971 of May 14, 1999, as amended, of the Commissione
Nazionale per le Societa e la Borsa ("CONSOB") and has therefore not been
submitted to CONSOB pursuant to Art. 102 of Decree 58/98. There will not be any
public tender offer in Italy.

The release, publication or distribution of this press release in certain
jurisdictions may be restricted by law and therefore persons in such
jurisdictions into which this press release is released, published or
distributed must inform themselves about and observe such restrictions. The
tender offer will not be made in those jurisdictions in which it would be
illegal to do so.


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