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Compulsory Acquisition of Outstanding Orange Shares and Delisting

12 January 2000

Compulsory Acquisition of Outstanding Orange Shares and Delisting

    DUESSELDORF, Germany, Jan. 12 -- Mannesmann announces that,
on 7 January 2000, valid acceptances of the Offer had been received in respect
of more than 1.1 billion Orange Shares, representing more than 91 per cent of
the issued share capital of Orange.
    Accordingly, on 10 January 2000 Mannesmann issued notices to Orange
Shareholders who have not yet accepted the Offer informing them that it now
intends to exercise its right under section 429 of the Companies Act 1985 to
acquire all their Orange Shares still outstanding at the expiry of the
requisite notice period.
    The Offer will remain open for acceptance until further notice.
    Mannesmann gave notice in the Offer Document (dated 1 November 1999) of
its intention to procure the delisting of Orange Shares, such delisting to
take effect not earlier than 20 business days following the Offer becoming
unconditional in all respects. Mannesmann now intends to procure the delisting
of Orange Shares to take effect from 10 February 2000.
    The Offer is not being made, directly or indirectly, in or into the United
States.  Accordingly, the Offer does not extend to Orange ADSs.