EDF / 2020 Universal Registration Document

1 THE GROUP, ITS STRATEGY AND ACTIVITIES Description of the Group’s activities North America 1.4.5.3.4 The EDF group operates throughout the North American continent, with a strong presence in the United States. It has more than 9.51GW of gross installed capacity in North America. It also manages, on behalf of third parties, around 40.5GW of installed capacity under operation and maintenance or optimisation services contracts. EDF’s activities in North America mainly include: investments in nuclear generation, related to its 49.99% stake in CENG (“Constellation Energy Nuclear Group”), a joint venture with the Exelon Corporation (leading American nuclear operator) in three nuclear power plants. CENG has installed capacity of 4GW ( i.e. 2GW consolidated by EDF group). Exelon is the licensed operator of these three facilities; renewable energies, with a gross installed and under construction capacity of 7.1GW, mainly located in the United States through EDF Renewables North America, a wholly-owned American subsidiary of EDF Renewables. Equally, EDF Renewables Services (a wholly-owned subsidiary of EDF Renewables North America) manages close to 12.9GW in North America through operation and maintenance contracts on its own account or on behalf of third parties; trading throughout the entire value chain in North American gas and electricity markets through EDF Trading North America, and the supply of energy management products in the US and Canada through EDF Energy Services (a wholly-owned subsidiary of EDF Trading North America); energy services, local management of energy and energy efficiency, and public lighting under the management of Dalkia and its subsidiaries Dalkia Energy Solutions (formerly Groom Energy Solutions) and Aegis Energy Services; R&D and Innovation, as part of EDF Innovation Lab. Nuclear generation: Constellation Energy Nuclear Group (CENG) On 6 November 2009, the EDF group and CEG established CENG. Since the merger between Exelon and CEG, EDF and Exelon respectively hold 49.99% and 50.01% of CENG. EDF and Exelon signed an agreement in 2014 to transfer the operating licenses for the CENG power plants to Exelon, under which Exelon manages the operational activities of the three CENG nuclear sites (5 reactors). As part of the agreement, CENG paid EDF $400 million in exceptional dividends and EDF obtained an option to sell its CENG shares to Exelon between 1 January 2016 and 30 June 2022. On 20 November 2019, EDF initiated the put procedure by notifying Exelon of its intention to the exercise of the put option (1) . The disposal price of the shares will be based on a determination of their fair value, pursuant to the contractual provisions in the put option agreement. Completion of the transaction is subject to obtaining the necessary regulatory approval from the New York Public Service Commission (NY PSC). The Federal Energy Regulation Commission (FERC) approved the transaction on 30 July 2020. CENG’s governance is provided by a Board of Directors composed of ten members, five of whom are appointed by the EDF group and five others, including the President, by Exelon. CENG’s nuclear activities CENG’s nuclear business is under the regulatory jurisdiction of the US Nuclear Regulatory Commission (NRC). CENG operates five nuclear reactors, spread across three operating sites and representing a combined capacity of 4,272MW. The duration of licences for Units 1 and 2 of Calvert Cliffs, Unit 1 and 2 of Nine Mile Point and RE Ginna is 60 years. 1.4.5.3.4.1 Nuclear activities in the United States

EIFER, a research centre which reports to EDF’s R&D Department, is based in Karlsruhe and has more than 110 employees. Its work focuses on the optimisation of energy resources and decentralised generation (integration of renewables), energy in cities and local communities as well as energy conservation and the environment (electro-mobility, Power-to-Gas, Smart Cities). This institution is owned 50%-50% by EDF and Karlsruher Institut für Energie (KIT). Investments EDF Deutschland holds a 33.3% stake in Hypion GmbH, a company that originates and develops hydrogen-related projects in the north of Germany. EDF Deutschland has a 18.94% stake in Ubitricity, a Berlin-based startup offering a lamp-pole-mounted charging solution for electric vehicles. Electranova Capital holds a stake of 13.4% in Sunfire, a Dresden-based company which develops high-temperature electrolysers (Power-to-Gas and Power-to-Liquids). EDF Pulse Croissance has a 14.14% stake in McPhy, manufacturer and integrator of hydrogen-based energy storage equipment. The Group owns 50% of a run-of-river hydropower plant located in Iffezheim on the Rhine River (148MW, 5 turbines). Extension work on this plant was completed in 2013. EDF group also has storage for natural gas in salt cavities located in Etzel in Lower Saxony. The aboveground facilities are operated through a 50/50 joint venture with EnBW (see section 1.4.6.2.2 “Gas assets and projects”). Via its subsidiary EDF Gas Deutschland, EDF also holds a 16% stake in BEP gas pipeline (Bunde-Etzel-Pipelinegesellschaft). Central and Eastern Europe 1.4.5.3.2 Russia EDF group has operations in Russia in energy services through the Dalkia subsidiary Dalkia Rus (see section 1.4.6.1.1 “Dalkia”) and through its Moscow-based representation office EDF Russia, which reports to the International Division and is in charge of the promotion and development of the Group’s business and new activities in energy transition in Russia and the CIS. Southern Europe 1.4.5.3.3 Spain At 31 December 2020, EDF International SAS held 31.48% of the share capital of Elcogas, a company owing a 320MW ICCG (Integrated Combined-Cycle Gasification) power plant, alongside Endesa Generación (40.99%), Iberdrola Generación (12.0%), and EDP (8.54%). As the profitability of the power plant was no longer assured, it was disconnected from the network in 2016 and its dismantling was initiated. In 2017, Elcogas agreed to sell land and facilities to Ence, a pulp manufacturer. The Shareholders’ Meeting on 13 May 2019 resolved to dissolve the company and place it in liquidation. The Group is also present on the Spanish market through Fenice’s local subsidiary (EDF Fenice Ibérica, see section 1.4.5.2 “Italy”) and Citelum (see section 1.4.6.1.2 “Citelum”). EDF Trading operates in this market from its trading platform in London (see section 1.4.6.3 “Optimisation and trading: EDF Trading”). Framatome Spain is active in Spain through various engineering and maintenance contracts with firms that own nuclear reactors. Since 2015, EDF Invest has held a minority stake in Madrileña Red de Gas, the operator of the main gas distribution network in the Madrid region. EDF also operates through its Madrid-based representation office EDF Peninsula Iberica, which reports to the International Division and is in charge of the promotion and development of the Group’s business and new activities in energy transition in Spain and Portugal.

(1) See EDF's press release dated 20 November 2019 "EDF notifies the exercise of its put option on its participation in CENG".

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EDF - UNIVERSAL REGISTRATION DOCUMENT 2020