Illustrative case of 

: Maroc Telecom

1. PRESENTATION OF MAROC TELECOM :

Maroc Telecom or IAM is the leading telecommunications company in Morocco.

Privatized by the Kingdom of Morocco from 2001, it is a global telecommunications operator

in Morocco, leader in all of its business segments, Fixed, Mobile and Internet.

Maroc Telecom has been listed simultaneously in Casablanca, Paris since December 2004, its
reference shareholders are the Vivendi group (53%), and the Kingdom of Morocco (30%).

a) FIRST QUARTER 2010 CONSOLIDATED RESULTS :

 4.3% increase in turnover to 7.4 billion dirhams.

 Growth of the Group's customer base by 14% in one year to 22.4 million.

b) GROUP CONSOLIDATED RESULTS :

During the 1st quarter of 2010, the Maroc Telecom Group achieved a consolidated turnover
of MAD 7,437 millions, The group's customer base reached nearly 22.4 million at March 31,
2010, up 14% compared to the end of March 2009.

c) REVIEW OF GROUP ACTIVITIES : 2010

MOROCCO : The activities in Morocco generated during the first three months of the
financial year, a net turnover of 6,095 million dirhams and an operating profit of
2,898 million dirhams, compared to 2009 with the efforts made on marketing and
communication.
In Morocco, the gross turnover of the 1st quarter of 2010 of the Mobile activity
recorded a growth of 3.6% to 4,537 million dirhams As of March 31, 2010, the
Mobile fleet stood at 15.578 million, up 6.5% compared to the end of March 2009.
The Fixed-line and Internet activities in Morocco achieved during the 1st quarter of 2010 a
gross turnover of 2,193 million dirhams, As of March 31, 2010, the ADSL fleet reached
474,000 lines, up 1% compared to the end of 2009

MAURITANIE : During the 1st quarter of 2010, all activities in Mauritania generated a
net turnover of 282 million dirhams, an increase of 3.3%. Thanks to the good
performance of Mobile activities. Mauritel's operating income for the 1st quarter
2010 stood at 85 million dirhams, at the end of March 2010, the customer base
stood at 1473 million for Mobile, 43,000 for Fixed and nearly 7000 for Internet.
BURKINA FASO: During the 1st quarter of 2010, all activities in Burkina Faso
generated turnover of 461 million dirhams, up from 13.2% and an operating result of
nearly 168 million dirhams, thanks to the very good performance of both Mobile
activities. At the end of March 2010, the parks of the Onatel group were established
at 1.812 million for Mobile, 153,000 for Landline and 24,000 for Internet.
Attijari wafabank : is a Moroccan banking and financial group the 4th on the African
continent and leader in Morocco, It has 7million customers and 17,000 employees in more
than 23 countries. it is the first network in Africa with 3,534 branches in 2015.

In addition to the banking activity, the group operates through subsidiaries specializing in all
financial fields: insurance, mortgage, consumer credit, leasing, and asset management.

Attijariwafa bank is based in Morocco and operates in 13 countries in Africa:.

 NORTH AFRICA :
Morocco: Attijariwafa bank

Tunisia: Attijari bank

Mauritania: Attijari bank

Egypt: Attijariwafa bank Egypt

 WEST AFRICA :
Senegal: CBAO group - Attijariwafa bank - Senegal Credit (CDS)

Niger: CBAO group - Attijariwafa bank

Ivory Coast: Ivorian Bank Company

Burkina Faso: CBAO group - Attijariwafa bank

Mali: International Bank for Mali (BIM S.A)

 CENTRAL AFRICA :
Cameroon: Commercial Bank Company
Gabon: Gabonese Bank Union
Congo: Congo Credit

GENERAL PRESENTATION: NORTH AFRICA

 MOROCCO :
Group transactional banking:
Supports economic players in their financial operations in
Morocco and internationally.
Group Corporate and Investment Banking:
The partner of Large Businesses and the essential financier of
major projects both in Morocco and in sub-Saharan Africa.
Retail Banking Businesses:
An African platform that generates business between companies,
investors and support structures.

- 4930 AGENCIES
- 1400 AUTOMATIC WINDOWS
  TUNISIA :

Investment financing
E-banking solutions:
For fast and secure transaction processing: Attijari Real Time, Attijari Cash Management,
Attijari Online Trade.
Specialized subsidiaries operating in all areas of finance: leasing, asset management, stock
market intermediation, venture capital, life insurance and advice.

- 207 AGENCIES
- 883,829 CLIENTS

 MAURITANIA
Flow management:
Transfers, electronic payment (visa, GIMTEL, TPE…)
Remote payments:
Web Banking - SMS Banking - (SUIMOI & AVIZO).
Islamic finance products:
Murabaha.

 EGYPT :
Financing of operations of the operating cycle at national and international level:
Overdraft facility, commitments by signature, commercial discount, financing of trade
receivables…
Financing of international operations:
international transfers, documentary credits,
Liquidity management

- 56 AGENCIES
- 133,782 CLIENTS

 MALI :

Financing of operating:
Campaign credit, market financing, commitments by signature
Financing of the company's investments:
Medium term credit, long term credit, leasing.
International trade finance