EDF / 2020 Universal Registration Document

6 FINANCIAL STATEMENTS Notes to the financial statements

Additional equity Note 25

Additional equity at 31 December 2020 amounts to a net €11,473 million and consists of: perpetual subordinated bonds issued by EDF in January 2013 and January 2014 at the value of €4,336 million and €3,466 million respectively, net of redemptions; perpetual subordinated bonds issued by EDF in September 2018, valued at €1,250 million; perpetual subordinated bonds issued by EDF in November 2019, valued at €497 million;

perpetual subordinated bonds issued by EDF in September 2020, valued at €2,081 million (€2,100 million nominal, net of a €19 million redemption premium) (see note 2.4.2). This net amount includes the effects of foreign currency variations, redemption premiums and the related amortisation. Payments to bearers of perpetual subordinated bonds amounted to €512 million in 2020 (€549 million in 2019). This expense is recorded in “Expenses on long-term financial liabilities after hedging” (see note 13).

Perpetual subordinated bonds (in millions of currency units)

Issue date

Nominal amount

Currency Redemption option

Rate

01/2013 01/2013 01/2013 01/2014 01/2014 01/2014 01/2014 09/2018 11/2019 09/2020 09/2020

1,250 1,250 2,098 1,500

EUR GBP USD USD EUR EUR GBP EUR EUR EUR EUR

12 years 13 years 10 years 10 years 8 years 12 years 15 years 6 years 8 years 6.5 years 10 years

5.38% 6.00% 5.25% 5.63% 4.13% 5.00% 5.88% 4.00% 3.00% 2.88% 3.38%

267

1,000

750

1,250

500 850

1,250

459

EDF - UNIVERSAL REGISTRATION DOCUMENT 2020