EDF_REGISTRATION_DOCUMENT_2017

6.

FINANCIAL STATEMENTS Balance Sheet

CHANGES IN EQUITY NOTE 24

Profit or loss for the financial year

Retained earnings and interim dividends

Reserves and premiums

Investment subsidies

Tax-regulated provisions

Total equity 23,558

Capital

(in millions of euros)

At 31 December 2015

960

11,849

4,075 (758)

271 750

170

6,233

Allocation of 2015 net income

- -

8

- - - - - - - - - - - - -

- - - - - - - - - - - - -

-

2016 profit

-

- -

5,517

5,517

Capital increase of 30 June 2016

47

892

-

939

Dividend distribution

-

-

1

(1,021)

(1,020)

Capital increase of 31 October 2016

48

875

-

- - -

923

Interim dividend Other changes

- -

-

(1,006)

(1,006)

3

-

(1)

(101) 6,132

(99)

At 31 December 2016

1,055

13,627

2,311 4,412

5,517

169

28,812

Allocation of 2016 net income

- -

4

(4,416)

-

2017 profit

-

- - -

1,924

1,924 4,005 1,024

Capital increase of 31 March 2017 Capital increase of 30 June 2017

316

3,689

- -

73

951

Dividend distribution

-

-

1

(1,101)

(1,100)

Capital increase of 11 December 2017

20

378

-

- - -

398

Interim dividend Other changes

- -

-

(433) 84 (1) 6,375

(433)

2

(6)

(34)

46

1,464

18,651

1,924

163

6,098

34,676

AT 31 DECEMBER 2017

Impact of application of hedge accounting in compliance with regulation ANC 2015-05 (see note 1.1). (1)

SHARE CAPITAL 24.1 EDF’s share capital amounted to €1,463,719,402 at 31 December 2017, comprising 2,927,438,804 fully subscribed and paid-up shares with nominal value of €0.50 each, owned 83.50% by the French State, 15.18% by the public (institutional and private investors), 1.20% by current and retired Group employees, and 0.12% held by EDF as treasury shares. In March 2017, the capital increase with preferential subscription rights for existing shareholders led to a €316 million increase in the share capital and an issue premium of €3,689 million following the issuance of 632,741,004 new shares (see note 2.1). In June 2017, payment of the balance of the dividend for 2016 in the form of a scrip dividend led to a €73 million increase in the share capital and an issue premium of €951 million following the issuance of 145,476,587 new shares. The formalities for this operation were completed in June 2017. In December 2017, payment of the interim dividend for 2017 in the form of a scrip dividend led to a €20 million increase in the share capital and an issue premium of €378 million following the issuance of 40,084,530 new shares. Under Article L. 111-67 of the French Energy Code, the French State must hold more than 70% of the capital of EDF at all times.

DIVIDENDS 24.2 The General Shareholders’ Meeting of 18 May 2017 decided to distribute an ordinary dividend of €0.90 per share in respect of 2016, offering the choice of receiving this dividend in cash, or in the form of shares (scrip option). In application of Article 24 of the Company’s articles of association, shareholders who have held their shares continuously for at least 2 years at the year-end and still hold them at the dividend distribution date benefit from a 10% bonus on their dividends. The number of shares carrying an entitlement to the bonus dividend cannot exceed 0.5% of the Company’s capital for a single shareholder. The bonus dividend amounts to €0.99 per share. As interim dividends of €0.50 per share had been paid out in cash or in the form of shares (scrip option) on 31 October 2016, the balance payable for 2016 amounted to €0.40 per share benefiting from the ordinary dividend and €0.49 per share benefiting from the bonus dividend. The balance of the dividend was paid out on 30 June 2017. The French government opted for the scrip dividend for the 2016 distribution. The amount of the cash dividend paid to shareholders who did not opt for the scrip dividend for the 2016 distribution amounted to €75 million. On 7 November 2017, EDF’s Board of Directors decided to distribute an interim dividend of €0.15 per share in respect of 2017. This interim dividend amounting to a total of €433 million was paid out in the form of new shares (scrip option) or cash on 11 December 2017. The French government chose the scrip option for the 2017 interim dividend distribution. The amount of the cash dividend paid to shareholders who did not choose the scrip option for the 2017 interim dividend distribution amounted to €35 million.

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EDF I Reference Document 2017