EDF / 2018 Reference document

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PRESENTATION OF EDF GROUP Description of the Group's activities

Framatome in North America 1.4.5.3.4.7 Operating in nuclear energy in the United States since the 1950s, Framatome holds a large share of the market, involved n providing power to some 36 million American households. Its mission consists of ensuring the maintenance and modernisation of the American nuclear plants in operation and provide it with the fuel required and support the construction of new plants (also see section 1.4.1.3 "Framatome"). South America 1.4.5.3.5 In South America, the EDF group is present in the Brazilian and Chilean markets, and is extending its ambitions in certain countries in the region, in which it is prospecting for development opportunities. Brazil 1.4.5.3.5.1 Since April 2014, the Group has held 100% of EDF Norte Fluminense (EDF NF), following the buyback of the 10% equity interest held by Petrobras in the share capital of EDF Norte Fluminense. The company, which built and has operated since the end of 2004 the Combined-Cycle Gas plant of Norte Fluminense, with installed capacity of 826MW, located in the region of Macaé, has a supply contract for 725MW to the Light distribution company over a 20-year period. In 2018, the power plant's generation increased to 4.9TWh. When Brazil's market conditions and electricity grid permit, the remaining balance is sold on the open electricity market. In 2018, EDF Norte Fluminense sold 219GWh, between its own generation (167GWh) and other energy transactions. EDF Norte Fluminense has an additional solar power plant, intended for industrial consumption, comprising 1,764 photovoltaic modules which generated 370MWh in 2018, helping to reduce its CO 2 emissions by around 155 tonnes. In addition, on 11 December 2014, through its subsidiary EDF Norte Fluminense, EDF acquired a 51% stake in Compagnia Energetica de Sinop (CES), which is responsible for building the Sinop hydropower plant with an installed capacity of 408MW. Construction of the dam began in spring 2014 and is now complete with the reservoir ready for filling since 1 October 2018. In late January 2019, EDF obtained permission to begin filling the reservoir following an agreement between the stakeholders on the operating procedures to do so. The resulting delay of a few months has in turn resulted in the opening of the plant being postponed and thereby raised its costs under the terms of its power purchase agreements (PPAs). Filling of the dam began on 30 January 2019 and reached 292 metres by 19 February, which corresponds to a level that allows for a technical observation of the facilities and the start of technical testing prior to commissioning. Following the first analyses, additional work was undertaken and Sinop Energia hopes to commission the dam before the end of the second quarter 2019. In the first quarter of 2018, EDF NF won the call for tenders to operate and maintain the Sinop plant. The agreement between EDF NF and CES came into effect in April 2018 to give time for preliminary requirements to be met before the plant is commissioned. In line with the CAP 2030 strategic plan, the EDF Renewables subsidiary is accelerating its development in Latin America and notably in Brazil, where it entered the solar energy market with the two-stage acquisition from Canadian Solar Inc. of the Pirapora I (399MWp) solar project in the north of the state of Minas Gerais. EDF Renewables has been present in the country since February 2015, following the acquisition of more than half of the portfolio of Ventos da Bahia. See section 1.4.1.5.3 “EDF Renewables”. EDF is also present in Brazil via: Edison, of which the 50%-held subsidiary Ibiritermo operates a CCGT of 226MW ■ in the state of Minas Gerais; a subsidiary of Citelum created in 1999 and specialising in street lighting. EDF's ■ main competitors in Brazil are ENGIE, Neoenergia, CPFL, ENEL and EDP. In 2018 Citelum won the street lights contract in Macapá, the capital of the northern state of Amapá, and renewed its contracts in Sobral in the state of Ceará, Poá in the state of São Paulo and São Luis in the state of Maranhão. Chile 1.4.5.3.5.2 Since 2013, EDF is jointly developing with its Chilean partner Andes Mining & Energy (AME) a gas to power project combining the design, construction, and operation of a CCGT-type power plant with a power output of around 600MW, a storage infrastructure and an LNG Floating Storage Regasification Unit (FSRU). Via

its subsidiary EDF Chile, created in 2014 for this purpose, the Group has a 50% shareholding in the two project companies (Penco-Lirquén LNG terminal and El Campesino power plant), alongside BiobioGenera (50%) of which AME is the controlling shareholder. This “gas to power” project is part of Chile's energy policy, aimed at a balanced mix of gas, hydraulic and renewable energy generation. The project nonetheless suffered a setback when the Chilean Supreme Court, in a decision on 30 January 2017, revoked the permit for the Penco Lirquen regasification terminal. At this stage, various measures have been taken to further the Group's expansion into electricity generation in Chile, including resuming the process to obtain a permit. It should be granted in the first half of 2019. In addition, in December 2017, the El Campesino power plant signed an agreement to acquire ESSA, the owner of a 750MW generation asset. The agreement was signed in May 2018. EDF Renewables is also active in Chile via the Boléro solar plant (146MWp) in the Atacama Desert, the Santiago Solar photovoltaic project (115MWp) which is jointly held with AME and opened in January 2018, and the Cabo Leones 1 wind farms (115MW) which came online in June 2018. See section 1.4.1.5.3 “EDF Renewables”. Lastly, Citelum, a wholly-owned subsidiary of the EDF group, is also present in the country, in the street lighting market (see section 1.4.6.1.2 “Citelum”). In 2018, Citelum replaced 95% of street lights in Independencia (Santiago Province), helped reduce the town's electricity consumption by 50% and designed various artistic lights to illuminate its most iconic sites and monuments. In Lo Barnechea, Citelum renewed and won several contracts and currently manages 23,315 street lights. Asia-Pacific 1.4.5.3.6 The EDF group’s activities in the Asia-Pacific region are focused on China and fast developing countries. The presence in the sectors of electricity generation, networks and services constitutes an industrial challenge for the Group. In nuclear power, in addition to the project to build and operate two EPR reactors in Taishan, new projects should provide the Group with access to technological innovation and enable it to exploit its industrial expertise. EDF’s objective is, thus, to maintain its competitive and technological advantages in the international arena focused on the global nuclear programme, the equipping of emerging countries, and the perspective of the French fleet renewal. China 1.4.5.3.6.1 The EDF group has been present in China for more than 30 years through its advisory services in nuclear, thermal and hydraulic technologies. Today, it is one of China’s most significant foreign investors in electricity generation, with investments in coal-fired thermal power plants that have a total installed capacity of 2,000MW (1) . With the Taishan project Phase I (two 1,750MW reactors), EDF also became an investor with a 30% stake in an electricity generation project involving an EPR-type nuclear power plant. Lastly, the EDF group has been involved in renewable electricity generation in China since 2016 and is developing partnerships which open up new prospects for investment in the nuclear industry, renewable energies, energy services and engineering. Nuclear power generation activities Daya Bay, Ling Ao and Taishan EPR Phase I power plants After having led the design, construction and commissioning in 1994 of Daya Bay (two nuclear reactors of 1,000MW each) and then assisted the Chinese group China General Nuclear Power Co. (CGN) in the construction of the Ling Ao Phase 1 power plant (two reactors of 1,000MW commissioned in 2002 and 2003), followed by Phase 2 (two additional reactors of 1,000MW commissioned in 2010 and 2011), EDF is currently providing assistance to the CGN group with the operation of its entire fleet. The performance achieved by these power plants since commissioning is one of the Group’s main benchmarks in China. In addition, EDF owns a 30% shareholding in Taishan Nuclear Power Joint Venture Company Ltd., which was set up to fund, build and operate two EPR nuclear reactors in Taishan, in the province of Guangdong. Through this project, the Group represents the first foreign investor in Chinese nuclear power generation. The project’s success will rest on the complementary expertise of the EDF and CGN groups. The project reached two milestones in 2018 with the reactors reaching first criticality on 6 June and coming online on 29 June. Unit 1 came into commercial operation on 13 December 2018 and the same is planned for Unit 2 in 2019 (see section 1.4.1.2.2 “Other "New Nuclear" projects”).

Share in the capacity corresponding to EDF’s stake. (1)

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I Reference Document 2018