EDF / 2020 Universal Registration Document

4 CORPORATE GOVERNANCE

Remuneration and benefits of corporate officers – Remuneration policy

Remuneration policy applicable to the Chairman and Chief Executive Officer 4.6.1.1 After consulting the Appointments, Remuneration and Governance Committee which met on 9 February 2021, the Board of Directors approved at its meeting on 17 February 2021 the remuneration policy described below for the Chairman and Chief Executive Officer:

Amounts paid during the 2020 fiscal year

Amounts allocated for the 2020 fiscal year

Components of the remuneration

Policy for the fiscal year 2021

On recommendation from the Committee, the Board which met on 17 February 2021 decided to maintain the fixed annual remuneration of the Chairman and Chief Executive Officer for the 2021 fiscal year at €450,000 gross. This fixed annual remuneration, which corresponds to the ceiling provided for by the Decree of 9 August 1953, has remained unchanged since Mr Lévy’s appointment as Chairman and Chief Executive Officer of EDF in 2014.

Fixed remuneration Variable remuneration

€450,000

€450,000

none none

none none

none none

Multi-year variable remuneration Possibility of deferring or repaying the variable remuneration

n/a

n/a

n/a

Exceptional remuneration

none

none

none

Stock options, performance shares or other long-term benefits

none

none

none

The Chairman & Chief Executive Officer does not receive any remuneration for his or her term of office as Director. Benefit corresponding to the provision of a company car that the Board has decided to maintain for the 2021 fiscal year.

Remuneration for serving as a Director

n/a

n/a

All types of benefits Signing allowance

3,660 none

3,660 none

none

Severance pay or end-of-service allowance

none none none

none none none

none none none

Non-competition clause

Supplementary pension scheme Remuneration paid or granted by a company included in the scope of consolidation within the meaning of Article L. 233-16 of the French Commercial Code

none

none

none

n/a: not applicable.

As the remuneration of the Chairman and Chief Executive Officer is set at the ceiling set by the decree of 9 August 1953 and does not include a variable portion, its determination is not based on criteria related to the Company’s performance.

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EDF - UNIVERSAL REGISTRATION DOCUMENT 2020