EDF_REGISTRATION_DOCUMENT_2017

6.

FINANCIAL STATEMENTS Other information

MANAGEMENT COMPENSATION NOTE 41 The Company’s key management and governance personnel are the Chairman and CEO and the directors. Directors representing the employees receive no remuneration for their services.

The total gross compensation paid by EDF (salaries, all types of benefits and director’s fees, excluding employer contributions) to the Company’s key management personnel was as follows:

2017

2016

(in euros)

Chairman and CEO (1)

452,868 452,868

Directors (2) 496,556 475,500 At its meeting of 15 February 2016 the Board of Directors set the fixed annual compensation of the Chairman and Chief Executive Officer at €450,000 for 2016. (1) At its meeting of 24 January 2017 the Board decided to keep the fixed annual compensation of the Chairman and Chief Executive Officer at €450,000 for 2017. At its meeting of 8 March 2016 the Board of Directors decided to submit a proposal to the shareholders at their General Meeting to be held on 12 May 2016, (2) setting the annual budget for directors’ fees at €510,000 for 2016 including specific remuneration for the work done in 2015 and 2016 by the independent directors’ working party in connection with EDF’s plan to acquire control of AREVA NP. At its meeting of 13 February 2017, the Board decided to submit a proposal to the shareholders at their General Meeting to be held on 18 May 2017, setting the annual budget for directors’ fees at €500,000 for 2017, including specific remuneration for the work done in 2016 and 2017 by the independent directors’ working party in connection with the plan to close down the Fessenheim power plant.

SUBSEQUENT EVENTS NOTE 42 CONFIRMATION OF THE EUROPEAN 42.1

In its ruling, the General Court upheld the European Commission’s decision of 22 July 2015 classifying the tax treatment of provisions established for renewal of General Network as state aid. As EDF had already repaid €1.383 billion on 13 October 2015, the execution of this ruling will not entail any additional payment. The Commission had previously issued a similar decision on 16 December 2003. That decision was cancelled by the Court of Justice of the European Union in a ruling on 5 June 2012, confirming a ruling by the General Court of the European Union dated 15 December 2009. Following that ruling, the Commission reopened an inquiry into state aid, at the end of which it issued the decision of 22 July 2015 which was challenged by EDF. EDF acknowledges this decision and will consider the advisability of submitting an appeal to the Court of Justice of the European Union.

COMMISSION DECISION ON THE TAX TREATMENT OF PROVISIONS ESTABLISHED BETWEEN 1987 AND 1996 FOR RENEWAL OF GENERAL NETWORK FACILITIES

On 16 January 2018, the General Court of the European Union rejected EDF’s appeal against the European Commission’s decision of 22 July 2015 classifying the tax treatment of provisions established between 1987 and 1996 for renewal of General Network facilities as state aid, and ordering that it be recovered by the French State. Following this decision by the Commission, on 13 October 2015, EDF repaid €1.383 billion, corresponding to the amount of state aid including interest. Enedis and RTE contributed their respective shares.

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EDF I Reference Document 2017