AFD // 2021 Universal Registration Document

CONSOLIDATED FINANCIAL STATEMENTS 6 Notes to the consolidated financial statements

6.2.6.6 Significant events since 31 December 2021 Ukraine political con fl ict The recent events in Ukraine have led Proparco to adopt measures to closely monitor (i) ɸ its counterparties in this country and neighbouring countries and (ii) ɸ the effects of the sanctions imposed on Russia. No additional adjustment was recorded in Proparco’s 2021 parent company financial statements in respect of the current situation in the region. At 31 ɸ December 2021, Proparco had a net balance sheet exposure of €26.4M in Ukraine. Moreover, the measurement of the direct and indirect consequences of the Russia-Ukraine conflict on the countries in which Proparco operates and on its operating conditions is premature at this stage. Consolidation of Expertise France Following the signature, in 2020, of the AFD/Expertise France strategic project for an enlarged group to serve France’s

development policy, Expertise France joined the AFD Group’s consolidated scope in 1 ɸ January 2022. On the same date, the EPIC Expertise France was transformed into an SAS with a share capital of €829K and wholly-owned by AFD. The consolidation of Expertise France has no significant impact on the Group’s IFRS financial statements. Proparco shareholders Crédit Agricole ɸ SA sold part of its Proparco shares to AFD, bringing AFD’s stake in Proparco to 79.76% compared to 78.19% in 2020. It remains a Proparco shareholder with a 0.37% stake. This operation came into force after the ministerial order dated 17 ɸ February 2022.

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2021 UNIVERSAL REGISTRATION DOCUMENT