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disclosure of trading in own shares from December 22 to December 29, 2008

Paris, January 06, 2009
France Telecom announces having carried out as of today the acquisition of 1,001,450 treasury shares within the framework of its 2008 share buyback programme. A description of the programme was published on May 28, 2008. These shares  have been acquired to honour obligations related to the Group employee compensation policy and notably the  allocation of free shares during the first half of 2009.

At the present time, France Telecom does not intend to acquire any additional treasury shares, except through its liquidity agreement operated by Rothschild & Cie Banque.

Name of the issuer: France Telecom
References of the share buyback programme: Share buyback programme 2006, authorised by the ordinary and extraordinary general meeting of shareholders held on May 27, 2008 (6th resolution). A description of the programme was published on May 28, 2008
Type of securities: Ordinary shares / Euronext Paris / Eurolist A / ISIN: 0000133308
Beginning date of the programme: The 6th resolution of the general meeting of shareholders held on May 27, 2008, was activated by the Board of Directors meeting on May 27, 2008




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