EDF / 2020 Universal Registration Document

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

Following a French state allotment of 389,349,361 EDF shares to EPIC Bpifrance, on 29 January 2018, BPI France and the French State combined crossed the statutory thresholds of 5%, 10%, 15%, 20%, 30%, one third, 50% and two-thirds of the Company’s capital and voting rights. The French state and Bpifrance act together and have to consult each other before every Shareholders’ Meeting of EDF. Bpifrance undertook to not transfer, pledge or otherwise dispose of the EDF shares.

To the Company’s knowledge, no shareholder other than the French State and Bpifrance directly or indirectly holds more than 5% of the capital and voting rights. In October 2020, the French State reduced its allocation to EPIC Bpifrance by 61,000,000 EDF shares.

The Company conducted a study on identifiable bearer of shares as at 31 December 2020, which allowed it to examine the ownership of its capital and the geographical location of its shareholders on this date. The table set out below summarises this information as at 31 December 2020 and 31 December 2019:

At 31/12/2020

At 31/12/2019

Number of shares held

% of capital

Number of shares held % of capital

State *

2,593,960,583 143,898,238 176,371,418

83.68

2,593,960,583 128,064,805 196,362,093

83.58

Institutional investors in Europe (other than France) Institutional investors in the rest of the world

4.64 5.69 2.64 1.97 1.36 0.02

4.13 6.33 2.41 2.05 1.34 0.16

Institutional investors in France

81,640,550 61,130,285 42,092,505

74,924,143 63,796,390 41,630,134 4,882,938

Private shareholders

Employee shareholdings

Treasury shares

830,000

TOTAL 100.00 The French State’s stake in EDF’s share capital includes the allocation of 328,349,361 EDF shares corresponding to the allocation of 389,349,361 EDF shares minus * the 61,000,000 EDF shares returned in October 2020. The French State (1) indicated that it held 2,593,960,583 shares and 4,723,109,672 voting rights in EDF as of 31 December 2020 ( i.e. 83.68% of EDF’s share capital and 89.05% of its voting rights) (2) . The French State committed to opt for a payment in shares for the balance of the 2018 dividend and for dividends relating to 2019 and 2020 fiscal year. It has renewed its commitment for fiscal year 2021. 3,099,923,579 100.00 3,103,621,086

Voting rights exercisable at General Meetings

% of voting rights exercisable at General Meetings

Theoretical voting rights

% of theoretical voting rights

31/12/2020

Equities

% of capital

State Including Epic BPIFrance Employee shareholdings Individual and institutional shareholders

2,593,960,583

83.68 4,723,109,672

89.05 4,723,109,672

89.07

42,092,505

1.36

74,964,231

1.41

74,964,231

1.41

463,040,491

14.94 504,900,795

9.52 0.02

504,900,795

9.52

Treasury shares

830,000

0.02

830,000

-

-

TOTAL

3,099,923,579

100 5,303,804,698

100 5,302,974,698

100

7.3.9 To EDF’s knowledge, there are no agreements whose implementation could subsequently lead to a change in the Company’s control. Moreover, pursuant to Article L. 111-67 of the French Energy Code, the State may not hold less than 70% of EDF’s capital.

Agreements whose implementation could lead to a change of control

Shareholder dialogue 7.3.10 Institutional and individual shareholders (excluding employee shareholders) represent approximately 15% of EDF’s share capital. Since the opening of the capital in November 2005, there has been ongoing dialogue with these stakeholders. The EDF group’s financial communication consists in establishing a regular dialogue with the financial markets in compliance with regulations. The objective is for the market to possess the information needed to enhance the Company’s value over time, by explaining its strategy, its development model and its environment. In this context, the Group pursues an active policy of information and dialogue, making available to the public, individual shareholders, institutional investors and, more generally, the financial community in France and abroad, a wide range of documents and information media enabling a better understanding of the Group, its strategy, results and outlook.

Relations with institutional investors and financial analysts

The purpose of this dialogue with the financial markets is to maintain a consistent and faithful image of the EDF group among analysts and investors, in particular so that the latter can assess the Group’s operating and financial performance as well as its development prospects. In 2020, as in previous years, the publication of the Group’s financial results on a quarterly basis was the subject of presentations by senior management in conference calls during which it also answered questions from investors and financial analysts.

(1) The French State's shareholding in EDF includes the allocation of 328,349,361 EDF shares to the EPIC BPI Franc (2) This percentage was calculated on the basis of the number of theoretical double voting rights, based on all shares to which voting rights are attached, including those stripped of voting rights.

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EDF - UNIVERSAL REGISTRATION DOCUMENT 2020