Economic and financial headlines of March 13, 2025

Financial Market Headlines

| MOROCCO | CIH BANK | NIGS up 23% in 2024, DPS stable at MAD 14

| MOROCCO | ARADEI CAPITAL | FFO GS up 13% in 2024, DPS raised to MAD 22

| MOROCCO | AUTO NEJMA | Net income up 28% in 2024, DPS raised to MAD 120

| MOROCCO | OULMÈS | NIGS down 9% in 2024, DPS raised to MAD 23

| MOROCCO | MAROC TELECOM | Characteristics related to the buyback program

AMMC approved, on March 12th 2025, an information notice relating to Maroc Telecom share buyback program. The main charac teristics of this program are as follows:

• Maximum number of shares to be held: 1,500,000 shares (i.e., 0.17% of the capital);  Maximum purchase price: MAD 145 or its equivalent in euros;
• Minimum sale price: MAD 61 or its equivalent in euros;
• Duration of the program: From April 11th 2025 to October 9th 2026.

This program will be subject to authorization by the Ordinary General Meeting to be held on March 27th 2025.

Economic Headlines

| SENEGAL | INFLATION | An inflation rate of 0.6% in February 2025

According to the National Agency of Statistics and Demography (ANSD), Senegal's Harmonized Consumer Prices Index fell by 0.6% in February 2025 compared to the previous month. On an annual basis, the inflation rate stood at 0.6%.