AFD // 2021 Universal Registration Document

AFD’S ANNUAL PARENT COMPANY FINANCIAL STATEMENTS Accounting principles and assessment methods

7.2.13 Financing commitments Financing commitments given record the amounts to be disbursed under lending agreements with customers or credit institutions and under investment fund agreements. Financing commitments given to credit institutions include the undisbursed balance, on the State’s behalf, under agreements signed with the IMF for financing the PRGF. Financing commitments given to investment funds include remaining commitments for AFD’s subscription to the new Fisea + ɸ share issue, namely €250M at 31 ɸ December 2021. 7.2.14 Guarantee commitments Commitments given for guarantees to credit institutions include, in particular: P guarantees granted by AFD for the Ariz ɸ I, Ariz ɸ II and Ariz Med procedure (Support for the risk of financing private investment in AFD’s PSZ, in Sub-Saharan Africa and in Mediterranean countries). These guarantees are intended to encourage the creation and development of local businesses. Commitments given for guarantees to clients include, in particular: P the guarantee of the debt of its subsidiary in liquidation, Soderag, bearing in mind that a very large part of this debt was repaid early in 1998 and 1999 after Soderag sold its portfolio to Sodega, Sodema and Sofideg. The portfolio was then taken over by BRED; P the guarantee granted to BRED accounts for 50% of gross outstandings on the loan portfolio sold by Socredom in 1998 in preparation for its dissolution, which took place on 1 ɸ January 1999; P repayment guarantees for the three bonds issued by IFFIM as part of managing the French contribution to the Solidarity Fund for Development (FSD) on behalf of the French State; P sub-participation guarantees granted to Proparco. Commitments received from credit institutions are related to loan transactions conducted by AFD. Other commitments received included the French State’s guarantee of loans to foreign countries. Guarantee commitments for securities include share buyback options offered to Proparco’s minority shareholders as part of the capital increases undertaken in 2014 and 2020. These buyback options may be exercised for a period of five years following a lock-in period of five years.

7.2.15 Disclosure on non-cooperating States and territories Article ɸ L.511-45 of the French Monetary and Financial Code (as amended by Article ɸ 3 of Order 2014-158 of 20 ɸ February 2014) requires credit institutions to publish an appendix to their annual financial statements presenting information about their offices in countries or territories that have not signed an administrative assistance agreement with France for the purpose of combating fraud and tax evasion. Law No. ɸ 2013-672 of 26 ɸ July 2013 on the separation and regulation of banking activities broadens the list of required disclosures frombanks regarding their offices in non-cooperative countries or territories. The Order of 6 ɸ January 2020 modified the list of non-cooperative states or territories. At 31 ɸ December 2021, AFD did not have any offices in non cooperative countries or territories. 7.2.16 Other information related to ɸ consolidation AFD’s financial statements are fully reflected in AFD Group’s consolidated financial statements using the full consolidation method. 7.2.17 Events after the reporting period CONSOLIDATION OF EXPERTISE FRANCE At 1 ɸ January 2022, the EPIC Expertise France joins the AFD Group. On the same date, the EPIC Expertise France was transformed into an ɸ SAS with a share capital of €829K and wholly-owned by AFD. This operation had no significant impact on AFD’s parent company 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