Areva - Reference Document 2016

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20.2 Notes to the consolidated financial statements for the year ended December 31, 2016 FINANCIAL INFORMATION CONCERNING ASSETS, FINANCIAL POSITION AND FINANCIAL PERFORMANCE

Furthermore, AREVA SA secured the necessary consent from the lenders of the syndicated credit of 1.250 billion euros, maturing on January 16, 2018, to proceed with the NewCo capital increase and authorize de facto the loss of control. In return for this consent, the lenders of that facility receive better terms, including an

additional security and early repayment clauses, in particular as regards the income from the sale of AREVA NP.

OPERATIONS HELD FOR SALE

December 31, 2016

December 31, 2015

(in millions of euros)

Operations held for sale in 2015 New NP

5 1

157

AREVA TA

0 0

Nuclear Measurements

-

Sub-total

6

157

Operations held for sale in 2016 NewCo

5,873 5,879

TOTAL (*) * see note 3.

157

At December 31, 2016, NewCo’s borrowings included in particular: p bond debt outstanding in the carrying amount of 4.945 billion euros;

p a redeemable syndicated loan from 10 banks maturing in 2024 in the amount of 555 million euros (initial amount of 650 million euros at December 31, 2016). Bond issues after hedging

Net carrying amount (in millions of euros)

Nominal amount (in millions of currency units)

Issue date

Currency

Nominal rate

Maturity

September 23, 2009 November 6, 2009 September 22, 2010

1,030

EUR EUR EUR EUR EUR EUR EUR JPY EUR

1,000

4.875% September 2024 4.375% November 2019 3.5% March 2021 4.625% October 2017 4.625% October 2017 TEC10 +2.125% March 2022 3.25% September 2020 1.156% September 2018 3.125% March 2023

768 768 397 399

750 750 398 400

October 5, 2011 March 14, 2012

April 4, 2012

199 531

200 500

September 4, 2013 September 20, 2013

65

8,000

March 20, 2014

788

750

TOTAL

4,945

The fair value of these bond issues was 4.867 billion euros at December 31, 2016.

Georges Besse II enrichment plant. It includes security interests in future receivables and bank accounts, and it contains a covenant allocating cash flows to debt service which subordinates payments to New AREVA Holding (dividends and internal loan repayments) from Société d’Enrichissement du Tricastin.

Banking covenants The redeemable syndicated loan in the amount of 555million euros at December 31, 2016 and maturing in June 2024 is backed by certain future revenue from the

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2016 AREVA REFERENCE DOCUMENT