EDF_REGISTRATION_DOCUMENT_2017

THE GROUP'S PERFORMANCE IN 2017 AND FINANCIAL OUTLOOK Operating and financial review

Water flow coefficients in France in 2017 and 2016 (1)

Normal level

2017

2016

Min-max 2007 – 2017

140%

130%

120%

110%

100%

90%

80%

5.

70%

60%

50%

40%

30%

July

May

June

April

March

August

January

October

February

December

November

September

(1) Weekly monitoring by EDF’s OSGE energy observatory of French reservoir levels (Miréor project) as far as the coast

Approval of the Flamanville 3 EPR’s vessel: draft opinion of the French Nuclear ■ Safety Authority specifying that the composition of the steel of the vessel head and bottom is not likely to call into question its commissioning under certain conditions and in particular the replacement of the vessel head by the end of 2024 (see press release of 29 June 2017). EDF’s Board of Directors approved the creation of Edvance, a significant ■ milestone in the reconstruction of the French nuclear industry (see press release of 17 May 2017). Board of Directors’ meeting held on 6 April 2017: compensation arrangements ■ for the closure of the Fessenheim power plant (see press release of 6 April 2017 and note 3.7.5 to the 2017 consolidated financial statements). Disposal plan Edison sold its Milan headquarters (see Edison press release of ■ 21 November 2017 on the website: www.edison.it). EDF finalised the disposal of EDF Polska's assets to PGE (see press release of ■ 14 November 2017 and note 3.4.2 to the 2017 consolidated financial statements). EDF sold a portfolio of around 200 office real estate and business assets to ■ Tikehau Capital (see press release of 31 October 2017). Edison announced the sale of ITG (Infrastrutture Trasporto Gas) and a 7.3% ■ interest in Adriatic LNG to Snam (see Edison press release of 13 October 2017 on the website: www.edison.it). EDF finalised the indirect sale of 49.9% of CTE (2) to Caisse des Dépôts and ■ CNP Assurances (see press release of 31 March 2017 and note 3.4.1 to the 2017 consolidated financial statements).

In France, there was a shortage of precipitation (and snowfall on most mountain ranges), particularly in January and April and above all in the autumn. As a result of this unusual situation, water flow coefficients in France were too low in almost every month, and the shortfall gradually increased during the second half of 2017. December saw the return of heavy rainfall. 2017 water flow coefficients in France were among the lowest since 2011. 5.1.3 Major events 5.1.3.1 Nuclear industry EDF completed the cold functional test phase for the Flamanville EPR (see press ■ release of 8 January 2018). On 31 December 2017, EDF finalised the acquisition of a 75.5% stake in New ■ NP capital (see press release of 2 January 2018). On 4 January 2018, New NP was renamed Framatome (see press release of 4 January 2018 on the website: www.framatome.com). Temporary shutdown of the four generation units of the Tricastin nuclear power ■ plant (see press release of 28 September 2017). Clarifications were made to the Hinkley Point C project (see press release of ■ 3 July 2017): review of the costs and timetable of the HPC project. SIGNIFICANT EVENTS OF 2017 (1)

A full list of press releases is available from the EDF website: www.edf.fr. (1) The company that holds 100% of RTE (an independent EDF subsidiary as defined in the French Energy Code). (2)

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EDF I Reference Document 2017