RNS Number:2472Z
Orange S.A.
21 February 2001

ORANGE SA - ORDINARY SHARES

Morgan Stanley & Co. International Limited is the stabilising manager in the
above securities.  Stabilisation transactions in any of the ordinary shares
and/or the ordinary shares in the form of CREST Depository Interests and/or the
Notes issued by France Telecom exchangeable into ordinary shares, may occur
during the period 13 February 2001 until 18 March 2001 inclusive.

The ISIN for the stock is FR 0000 079 196.

The issue price for the ordinary shares was 10 Euros per share.

For further information contact Robin Osmond on 0207 425 6444.
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