AFD - Universal Registration Document 2020

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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.

Legal form: Public limited company ( société anonyme ) Head office: 5, rue Roland-Barthes, 75012 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: €50.7M Net position: €11.8M (excluding FRBG) Gross outstandings: NS Net banking income: €2.6M 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) Equity: €5,576,859 Stake held by AFD: 100% Other shareholders: None Balance sheet total: €5.3M Total net position: - €116.1M (excluding FRBG) Gross outstandings: NS Net banking income: - €0.00M 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, rue Roland-Barthes – 75012 Paris

The Chairman of the Board of Directors of Proparco noted the definitive completion, on 29 Ǿ December 2020, of the capital increase of Proparco for a nominal amount of €175,780,880, together with an issue premium amounting to €23,730,418.80. At the end of December Ǿ 2020, 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’s purpose is to work with the private sector in order to promote inclusive sustainable development 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. From an organisational standpoint, the amended Finance Law of 30 Ǿ July 2020 allows AFD to use its subsidiary Proparco to provide certain services (quasi-public). Proparco has thus become the Group’s only player in private sector activities. The law also provides for the State guarantee for AFD and Proparco in respect of loans and guarantees granted to companies and financial institutions in the African private sector until 31 Ǿ December 2021, up to a limit of €160 Ǿ million. 1.5.3.2 Activities of TR Propasia, a subsidiary of Proparco TR Propasia was dissolved on 23 Ǿ July 2020. 1.5.3.3 Fisea Fisea (Investment and Support Fund for Businesses in Africa) was created in April Ǿ 2009. It mainly operates in Sub-Saharan Africa. It is managed by Proparco on behalf of AFD, within the framework of a regulated agreement. The capital of Fisea is of €227M. AFD holds 227,000 shares. The Fisea vehicle will be able to continue its activity since its Board of Directors approved the launch of a new Fisea+ initiative at the end of 2020 through the authorisation of a capital increase for Fisea of €277M, together with the mobilisation of €40M of resources from the 209 Programme of the Ministry for Europe and Foreign Affairs. In order to continue the action

Equity: €227,000,000 AFD’s stake: 100.00%

Other shareholders: None Balance sheet total: €192.5

Total net equity: €115M Gross outstandings: NS Equity investments: €117.7M (amount net of impairments) Net income: -€22.6M

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www.afd.fr

2020 UNIVERSAL REGISTRATION DOCUMENT