FINANCIAL MARKET HEADLINES

| MOROCCO | LABEL VIE | Consolidated revenue up +21% in H1-2023

In Q2-2023, Label Vie's consolidated revenue recorded an increase of +17% to MAD 3,756 Mn. At the end of June 2023, this rose by +21% to MAD 7,533 Mn.

ECONOMIC HEADLINES

| WAEMU | INFLATION | An inflation rate of 3.6% in June 2023

According to the Central Bank of West Africa (BCEAO), the rate of inflation in WAEMU countries stood at 3.6% in June 2023, year-on-year. This results from the increase in the cost of transport and housing services during the same period.

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