EDF / 2018 Reference document

7.

GENERAL INFORMATION ABOUT THE COMPANY AND ITS CAPITAL Related-party transactions

2018 In 2018, EDF’s share price increased by 32.44%. The French CAC 40 index decreased by 10.95%, while the Euro Stoxx Utility sector index decreased by 2.08%. At 31 December 2018, the closing price of the EDF share was €13.80 (€10.42 at 29 December 2017). Its highest closing price in 2018 was €15.64 on 8 November 2018, and its lowest closing price was €10.04 on 9 February 2018. At 31 December 2018, EDF’s market capitalisation totalled €41.54 billion (compared to €30.50 billion at 29 December 2017).

2019 Between the start of 2019 and 31 January 2019 inclusive, EDF’s share price rose by 4.57%, the CAC 40 index increased by 5.54% and the Euro Stoxx Utility (SX6P) sector index decreased by 7.48%. At 31 January 2019, the closing price of the EDF share was €14.430. Its lowest closing price in 2019, up to 31 January 2019 inclusive, was €13.570 on 8 January 2019, and its highest closing price was €14.430 on 31 January 2019. At 31 January 2019, EDF’s market capitalisation totalled €43.44 billion.

7.5

RELATED-PARTY TRANSACTIONS

In addition to the information set out below, the details of the transactions concluded by the Company with related parties, as defined by the IFRS, in respect of the 2018 financial year, are contained in note 23 and 48 to the consolidated financial statements for the financial year ended 31 December 2018. The information on the regulated agreements and commitments referred to in Article L. 225-38 of the French Commercial Code is stated in the Statutory Auditors’ special report, which is reproduced in section 7.5.5 of this Reference Document. STATE As of 31 December 2018, the French State held 83.67% of the share capital and 83.77% of the voting rights in EDF. Pursuant to the Article L. 111-67 of the French Energy Code, the state must remain the owner of at least 70% of its capital. The French State thus has the option, as the majority shareholder, of reviewing corporate decisions that require the approval of the shareholders and, in particular, of determining the result of the shareholders’ vote for all issues over which Shareholders' Meetings have authority. The regulations applicable to EDF, as a result of its majority ownership by the French State, are described in section 1.5 “Legislative and regulatory environment”. The relations with the French State are also described in note 48 to the consolidated financial statements for the financial year ended 31 December 2018. RELATIONS WITH THE FRENCH 7.5.1

section 1.4.4.2.3 (“Service shared by Enedis and GRDF”). In March 2018, Enedis and GRDF decided to create two joint entities: UONRH-MS, which groups together employment contract activities, studies and medico-social services, and the OIT, the IT & Telecoms operator, which groups together all telephony and office automation activities. The establishment of these two joint entities took effect on 01/01/2019.

7.5.3

RELATIONS WITH PUBLIC SECTOR

COMPANIES Relations with public sector companies mainly concern the Orano group. Transactions with Orano relate to the upstream and downstream nuclear fuel cycles. These relations are described in particular in sections 2.3 (“Dependency factors”), 1.4.1.1.4 (“Nuclear fuel cycle and related issues”), and 1.4.1.1.6 (“Decommissioning of nuclear power plants”), and in note 48 of the appendices to the consolidated financial statements for the year ended 31 December 2018. 7.5.4 The statutory auditors' special report on regulated agreements and commitments of 9 March 2018 mention the following contracts previously approved by EDF's Shareholders' Meeting and which are still in effect: agreement relating to the supply of the Flamanville 3 EPR nuclear boilers ■ (authorised by the EDF Board of Directors at its 23 January 2007 meeting); agreement relating to the maintenance and upkeep of the boilers to be carried ■ out during the three ten-year inspections of the 900MW series nuclear reactors in France (authorised by the EDF Board of Directors at its 14 June 2007 meeting). During the review of agreements made prior to 2018, the Board of Directors at its 14 February 2019 meeting noted that these agreements could be deemed to be part of EDF and Framatome's regular business transactions and were concluded under normal conditions. As such, they do not fall within the scope of regulated agreements as stipulated by the French Code of Commerce and were declassified. AGREEMENTS WITH FRAMATOME

7.5.2

RELATIONS WITH ENGIE

(EX-GDF SUEZ)

The missions of the common service shared by the two network managers, Enedis and GRDF, which are respectively in charge of the distribution of electricity -and gas, as defined by Article L. 111-71 of the French Energy Code, are in the electricity and gas distribution sector: construction of structures, project management work, operation and maintenance of networks, and metering operations. It does not have the status of a legal entity. The organisational and functional rules are described in

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