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Through this initiative, EDF is seeking to assert its position as an essential player when it comes to driving entrepreneurial innovation in Africa, whilst at the same time expanding the pool of future partners... Operational / financial advice.

The present document may contain forward-looking statements and targets concerning the Group's strategy, financial position or results. EDF considers that these forward looking statements and targets are based on reasonable assumptions, which can however be inaccurate and are subject to numerous risks and uncertainties .

The Committee reviews and gives its opinion, before examination by the Board, on the Company's financial position, the medium-term plan and the budget, the preliminary financial reports prepared by the Corporate Finance Division (company's financial statements, Group consolidated financial statements and Group management report), the monitoring of the Company's risks, audit and internal control, the insurance policy, the selection of Statutory Auditors, while ensuring their independence, and the fees paid to them, and the review of the financial aspects of external growth operations or disposals that are particularly significant in nature.

Thanks to its constant policy of anticipation of its financial needs, the Group has a strong liquidity position, with euros 22 8 billion of liquidity* at end- 2019 . In addition, the Group has confirmed and fully undrawn revolving lines of credit for a total amount of euros 10 3 billion. The reduction in the level of electricity demand is expected to have a limited financial impact on supply and distribu-tion businesses .

The Board agreed on the final valuation of the activities to be acquired by EDF, which comes to 2 5 billion euros for 100 % of AREVA NP's equity (1) . This amount is likely to be adjusted, firstly, upward or downward depending on the financial statements prepared on the date of completion of the transaction, and secondly, with a possible price earn-out of up to 350 million euros subject to the achievement of certain performance objectives measured after the closing date.