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

NOTE 33. COMMITMENTS GIVEN AND RECEIVED

CONTINUING OPERATIONS

December 31, 2016

Less than one year

December 31, 2015

(in millions of euros)

1 to 5 years

> 5 years

Commitments given

1,058

384 130 128

357 239 239

317 217 217

966 659 657

Operating commitments given Contract guarantees given Other operating guarantees Commitments given on financing 1 1

587 585

2

2

-

-

2

460

250

110

100

271

Other commitments given Commitments received

11

3

7

-

36

344 262

190 188

60 46

94 28 50 16

335 334

Operating commitments received Commitments received on collateral

50 32

-

-

-

Other commitments received Reciprocal commitments

2

14 76

1

114

38

-

2,250

Reciprocal commitments In January 2013, the group established a 1.25-billion-euro syndicated line of credit available in euros over a 5-year period. The group also had bilateral bank lines of credit available to it in the amount of 795 million euros, maturing in 2017. As of the end of December 2016, these lines were fully drawn. Moreover, AREVA negotiated and put in place between February and April 2016 a bridge loan in the amount of 1.2 billion euros with a maturity date of January 20, 2017. This financing expired without having been used. In early December 2016, AREVA entered into discussions with certain banking partners to set up new bank financing in the amount of approximately 300 million euros, with a maturity of January 2018. On January 23, 2017, AREVA accepted the letters of commitment received from the banking partners for this financing. The credit contract is presently being drafted.

The amounts above do not include off-balance-sheet commitments of operations sold, discontinued or held for sale; they do not include construction contracts for which the group is currently in negotiations. Commitments given Operating commitments represent the majority of commitments given. Most of these commitments consist of performance bonds. The group gave a parent company commitment to its customer TVO for the execution of contractual obligations for the construction of an EPR in Finland. The group received a counter guarantee from Siemens in the amount of its share in the contract with TVO. The commitment given by the group corresponds to the amount of the contract, unless TVO succeeds in demonstrating the existence of a serious and intentional offence by the supplier. TVO has called on this commitment several times, and the group rejected these calls. No value concerning these guarantees was included in the previous table.

Reciprocal commitments at December 31, 2016 include the future minimum payments to be made on operating leases, as follows:

(in millions of euros)

December 31, 2016

Less than one year

1 to 5 years

> 5 years

December 31, 2015

113

155

38

75

-

262

2016 AREVA REFERENCE DOCUMENT