EDF_REGISTRATION_DOCUMENT_2017

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FINANCIAL STATEMENTS Cash flows and other information

MANAGEMENT COMPENSATION 48.3 The Company’s key management and governance personnel are the Chairman and CEO, the members of the COMEX (Executive Committee) throughout 2017 or since their date of appointment if they joined the COMEX during the year, and the Directors. Directors representing the employees receive no remuneration for their services. The total compensation paid by EDF and controlled companies to the Group’s key management and governance personnel amounted to €12.2 million in 2017 (€12.1 million in 2016). This amount covered short-term benefits (basic salaries, performance-related salary, profit share and benefits in kind), special IEG post-employment benefits where relevant, and the corresponding employer contributions, plus director’s fees. Apart from EDF’s Chairman and CEO who could benefit from a termination indemnity if his term of office were ended, the directors benefit from no other special pension system, starting bonus or severance payment entitlement except by contractual negotiation.

A contract for the supply of control rod clusters was also signed with Framatome for the period 2018-2020. As part of the plan to construct two EPRs in the United Kingdom at the Hinkley Point site, EDF signed a fabrication contract with Framatome. EDF and Framatome have signed the following main contracts for the 900MW, 1300MW and N4 nuclear power plants: in 2011, a contract for supply of 32 steam generators and a contract for renewal ■ of the instrumentation and control systems; in August 2012, a contract for services related to replacement operations for the ■ first steam generators; in mid-2017, a framework contract concerning EDF’s rights to use AREVA ■ intellectual property. This contract will be applied through specific agreements such as the one signed in December 2017 for the nuclear fleet; in late 2017, a framework agreement with no financial commitment, for the ■ provision of engineering, design and production services relating to the steam supply system. In 2013, EDF and Framatome signed two amendments to the initial 2007 contract for the Flamanville EPR steam supply system, covering the period from development studies to industrial commissioning.

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EDF I Reference Document 2017