EDF / 2018 Reference document

PRESENTATION OF EDF GROUP History and development of the Company

In 2015 and 2016, EDF and AREVA SA signed two non-binding memoranda of understanding for the acquisition by EDF of the exclusive control of AREVA NP (1) , as well as an overall strategic and industrial partnership. In accordance with the terms of these memoranda, a contract setting out the terms of the acquisition by EDF of the exclusive control over an entity (“New NP”), a fully owned subsidiary of AREVA NP, was signed on 15 November 2016. The transaction was completed on 31 December 2017; New NP, renamed Framatome, is now 75.5% owned by EDF, together with Mitsubishi Heavy Industries (19.5%) and Assystem (5%). Framatome combines industrial, design and supply activities for nuclear reactors and equipment, fuel assemblies and installed base et services, and has around 14,000 employees. In addition, Edvance was created in June 2017, a dedicated company, 80%-owned by EDF and 20%-owned by Framatome, which combines the activities of the two companies relating to design (basic and detailed design) and construction (supply, assembly and start-up) of the nuclear island and the instrumentation and control of new reactors in France and abroad.

On 30 March 2017, EDF completed a cash share issue with preferential subscription rights of a gross amount (including issue premium) of €4,018 million, i.e. the issue of 632,741,004 new shares with a par value of €6.35 each. The French State contributed €3 billion, i.e. 75% of the share issue. This share issue was a success, totalling around €4.9 billion. Market share was thus subscribed up to 185.9%. On 31 March 2017, EDF sold a 49.9% indirect equity interest in RTE to Caisse des Dépôts and CNP Assurances. EDF also sold EDF Polska's assets and 100% of EDF Démasz (Hungary). To complete its disposal plan, EDF finalised, on 30 October 2018, the sale of its equity holding in Dunkerque LNG, company operating the Dunkirk LNG terminal, followed by the sale of a portfolio of over 200 office and business premises to Colony Capital on 28 November 2018.

1.

This entity is called indifferently “New NP” or “New AREVA NP ” or Framatome in this Reference Document. (1)

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I Reference Document 2018