AFD // 2021 Universal Registration Document

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PRESENTATION OF AFD

AFD Group

1.5.3 Presentation of subsidiaries 1.5.3.1 Proparco Proparco is a development financial institution.

SOGEFOM (SOCIÉTÉ DE GESTION DES FONDS DE GARANTIES D’OUTRE-MER) Purpose: to provide a partial guarantee for financing operations undertaken by credit institutions operating in the French Overseas Departments and Collectivities and having subscribed to a portion of its capital or having received approval from its Board Legal form: Public limited company (société anonyme) Head office: 5 ɸ rue Roland-Barthes – 75012 ɸ Paris Equity: €1,102,208 Stake held by AFD: 60% (of which 1.32% through Socredo) Other shareholders: nine credit institutions (40.00%) including Banque de Nouvelle-Calédonie (7.51%) and Banque de Polynésie (7.51%) Balance sheet total: €50.0M Total net position: €11.2M (excluding FRBG) Gross outstandings: NS Net banking income: €1.8M SODERAG (SOCIÉTÉ DE DÉVELOPPEMENT RÉGIONAL ANTILLES-GUYANE) Purpose: to grant loans and acquire equity investments in order to promote development in the Antilles – French Guiana region Legal form: public limited company in liquidation ( société anonyme en liquidation – SDR) Head office: Pointe-à-Pitre (Guadeloupe) Other shareholders: none Balance sheet total: €7.0M Total net position: €114.4M (excluding FRBG) Gross outstandings: NS Net banking income: €0.0M FISEA (INVESTMENT AND SUPPORT FUND FOR BUSINESSES IN AFRICA) Purpose: to promote the growth of African SMEs Legal form: simplified joint stock company (société anonyme par actions simplifiée) Head office: 5 ɸ rue Roland-Barthes – 75012 ɸ Paris Equity: €5,576,859 AFD’s stake: 100%

At the end of December ɸ 2021, Proparco’s share capital stood at €984,373,280 and was distributed between AFD for 78% and private shareholders for 22% (including 10% French financial institutions, 10% international financial institutions, 1.4% investors and 0.6% ethical funds and foundations). Proparco is Group’s only player in private sector activities. Its mission is to work with the private sector to promote sustainable and inclusive growth models with a low carbon footprint in developing and emerging countries. Proparco plays a role in achieving sustainable development goals (SDGs). Its sector-focused strategy, adapted to match each country’s level of development, is focused on business, industry and trade, banking intermediation and financial systems, infrastructure, energy, health, education and private equity. Proparco’s operating scope has extended to all developing countries as defined by the Organisation for Economic Co-operation and Development’s (OECD’s) Development Assistance Committee (DAC) and covers a geographic area extending from the major emerging countries to the poorest countries, especially in Africa; it must meet high corporate social responsibility (CSR), and impact, requirements. Proparco offers a complete range of financial instruments to meet the specific needs of private investors in developing countries: loans, quasi-equity, equity and guarantees. 1.5.3.2 Fisea The capital of Fisea is of €277M. The year in 2021 was marked by the launch of the Fisea+ programme for which Proparco is the investment services provider. This programme aims to support VSEs/SMEs directly or through investment funds in Africa and has specific investment objectives in relation to fragile countries, social and solidarity based enterprises and SMEs integrating digital innovation. Fisea+ authorised 11 ɸ financing projects in 2021 (excluding technical assistance) for an amount of €76M and one delegated technical assistance project for a total amount of €180K for an investment fund and the companies (agricultural cooperatives and microfinance institutions) in which it invests. Over its first year of investment, Fisea+ made seven subscriptions in 2021 excluding technical assistance, including two additional budgets for 2019 projects for a total amount of €43.4M (compared to €11.1M in 2020, the last year of Fisea subscriptions). These projects concern two generalist funds, a fund dedicated to the agricultural sector in sub-Saharan Africa, a bank in Palestine, and a holding company for investment in the health sector. The additional budgets concern direct investments in the capital of a microfinance institution and a bank in Zambia.

Equity: €277,000,000 AFD’s stake: 100.00% Other shareholders: none Balance sheet total: €166.4M

Total net equity: €157.5M Gross outstandings: NS Equity investments: €136.8M (amount net of impairments) Net income: -€7.5M

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www.afd.fr

2021 UNIVERSAL REGISTRATION DOCUMENT