EDF / 2020 Universal Registration Document

7 GENERAL INFORMATION ABOUT THE COMPANY AND ITS CAPITAL Information regarding capital and share ownership

7.3.2

Treasury shares and share

implement all hedging transactions for the obligations of the Company or one of its subsidiaries; to retain and subsequently deliver shares in connection with external growth transactions, contributions, mergers or demergers; more generally, to carry out any transaction that is or may become authorised under the regulations in force, or falling within the scope of market practice accepted by the AMF. The maximum percentage of capital that may be bought back under this programme is 10% of the total number of shares making up the share capital (or 5% for shares acquired with a view to their retention and subsequent delivery in payment or in exchange as part of an external growth transaction), it being noted that whenever shares are bought back to provide liquidity under a liquidity contract, the 10% threshold will be calculated using the number of shares purchased, as reduced by the number of shares resold during the validity period of the authorisation. Under no circumstances may the Company hold, directly or indirectly, more than 10% of its capital. These shares may be acquired or transferred, under the conditions and within the limits, in particular in terms of volumes and price, provided for by the laws and regulations in force on the date of the relevant transactions, by any means, such as on the market or over the counter, including via block trades (purchases or sales), by the use of derivative financial instruments or notes or securities that grant access to Company shares, or by implementing option strategies, under the conditions stipulated by the market authorities and at such times as determined by the Board of Directors or any person who is acting on the Board’s behalf. This authorisation may be used during public takeover bids, within the limits permitted by the applicable regulations. The Shareholders’ Meeting set at €20 the maximum purchase price per share and at €2 billion the maximum amount of funds allocated to the implementation of the programme, and granted the Board of Directors full powers, with the right of delegation, to use this authorisation. The authorisation was granted for a maximum of 18 months as from the Shareholders’ Meeting of 7 May 2020, and will therefore end on 7 November 2021, unless the Shareholders’ Meeting of 6 May 2021 adopts the new programme described in section 7.3.2.3 “Description of the new share buyback programme to be submitted for approval at the Combined Shareholders’ Meeting to be held on 6 May 2021” below.

buyback programme A share buyback programme initially authorised by the Shareholders’ Meeting held on 9 June 2006, has been used by the Board of Directors within a limit of 10% of the Company’s share capital and for an initial period of 15 months. This programme was continued for 18 months by the following Shareholders’ Meetings held since 2006, including by the Shareholders’ Meeting held on 15 May 2018 which approved it. Share buyback programme in force 7.3.2.1

as of the filing date of the Universal Registration Document (programme authorised by the Shareholders’ Meeting of 7 May 2020)

After consulting the Board of Directors’ report, and in accordance with the provisions of Articles 22-10-62 et seq. of the French Commercial Code, Articles L. 241-1 et seq. of the general regulation of the AMF, EU regulation n°596/2014 of 16 April 2014 on market abuse, the twenty-first resolution adopted by the Shareholders’ Meeting held on 7 May 2020 authorised the Board of Directors to implement a programme to buy back Company shares, capped at a maximum of 10% of the Company’s capital. This resolution immediately terminated the unused portion of the authorisation to purchase Company shares, which was granted by the eighteenth resolution adopted by the Shareholders’ Meeting held on 16 May 2019. The main aims of the share buyback programme are as follows: to cancel shares; to allot or transfer shares to employees or former employees of the Company, on the terms and conditions provided for by law, in particular as their share of the Company’s profits, or by way of bonus shares or offers reserved for employees; to deliver shares following the exercise of rights attached to securities granting access to the capital by redemption, conversion, exchange, presentation of a warrant or otherwise; to provide liquidity through a liquidity contract in accordance with accepted market practice established by the AMF; to deliver shares following the exercise of rights attached to securities granting access to the Company’s capital and

Summary of the Company’s trading in its own shares during the 2020 fiscal year 7.3.2.2

Number of treasury shares held at 31 December 2020

830,000

Percentage of capital held through treasury shares at 31 December 2020 Carrying value of the portfolio at 31 December 2020 (1) (in euros) Market value of the portfolio at 31 December 2020 (2) (in euros)

0.027%

10,336,151.68

10,702,850 3,697,507

Number of shares cancelled over the past 24 months

Valued at the purchase price. (1) Based on the closing price at 31 December 2020, i.e. €12.895. (2)

(1) The Board of Directors may, however, adjust the aforementioned purchase price if premiums, reserves or profits are capitalised, which results either in an increase in the par value of the shares or the creation and award of bonus shares, and in the event of a stock split or reverse stock split, or any other transaction involving the shareholders’ equity, in order to take into account the impact of these operations on share value.

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EDF - UNIVERSAL REGISTRATION DOCUMENT 2020