As announced in the press releases published on 22 April 2016 and 13 February 2017, the French State has undertaken to subscribe for an amount of 3 billion euros, representing approximately 75 % of the Rights Issue" (the Subscription Commitment") and will sell preferential subscription rights (by any means including by way of block trades or accelerated book-building), in compliance with the legal and regulatory provisions applicable to transactions affecting the share capital of companies in which the State owns an interest, and which are specifically provided for in Order 2014- 948 of 20 August 2014.
