Résultats

Type of borrowing (in millions of currencies) Entity EDF EDF EDF EDF EDF EDF EDF EDF EDF EDF EDF EDF EDF EDF EDF EDF EDF EDF EDF EDF EDF EDF EDF EDF Issue (1) 11 / 2008 12 / 2008 01 / 2009 07 / 2009 01 / 2009 10 / 2001 02 / 2008 01 / 2009 01 / 2010 05 / 2008 01 / 2009 01 / 2012 09 / 2012 09 / 2009 11 / 2010 03 / 2012 04 / 2010 07 / 2001 02 / 2003 06 / 2009 01 / 2009 11 / 2010 10 / 2011 09 / 2010 Maturity 01 / 2013 12 / 2013 01 / 2014 07 / 2014 01 / 2015 10 / 2016 02 / 2018 01 / 2019 01 / 2020 05 / 2020 01 / 2021 01 / 2022 03 / 2023 09 / 2024 11 / 2025 03 / 2027 04 / 2030 07 / 2031 02 / 2033 06 / 2034 01 / 2039 11 / 2040 10 / 2041 09 / 2050 Issue amount 2, 000 1, 350 1, 250 3, 269 2, 000 1, 100 1, 500 2, 000 1, 400 1, 200 2, 000 2, 000 2, 000 2, 500 750 1, 000 1, 500 650 850 1, 500 1, 750 750 1, 250 1, 000 Currency EUR CHF USD EUR EUR EUR EUR USD USD EUR EUR EUR EUR EUR EUR EUR EUR GBP EUR GBP USD EUR GBP GBP Rate 5 60 % 3 38 % 5 50 % 4 50 % 5 10 % 5 50 % 5 00 % 6 50 % 4 60 % 5 40 % 6 30 % 3 88 % 2 75 % 4 60 % 4 00 % 4 13 % 4 60 % 5 88 % 5 60 % 6 10 % 7 00 % 4 50 % 5 50 % 5 10 % Euro MTN Bond Bond Euro MTN Euro MTN Euro MTN Euro MTN Bond Bond Euro MTN Euro MTN Euro MTN Euro MTN Euro MTN Euro MTN Euro MTN Euro MTN Euro MTN Euro MTN Euro MTN Bond Euro MTN Euro MTN Euro MTN (1) Date funds were received.

a stable proportion overall compared to the consolidated risk at September 30, 2010. Net asset position December 31, 2011 (in millions of currency units) Assets Bonds Derivatives US CP Net position after management (Assets) USD CHF (Switzerland) HUF (Hungary) PLN (Poland) GBP (United Kingdom) BRL (Brazil) CNY (China) 5 248 2 201 112 195 2 556 14 262 692 5 790 4 000 1 706 5 285 -198 78 536 1 789 6 124 -502- 548 495 33 659 767 2 853 692 5 790 The assets in the above table are the net assets of the Group' s foreign subsidiaries in foreign currencies at September 30, 2011.

-Changes in Consolidated Equity (in millions of Euros) Equity Capital Consolidated Treasury Translation Impact of reserves shares adjustments restatement (EDF and net to fair value share) income of financial instruments (2) 911 911 13 924 924 25 501 1 938 4 27 443 3 902 3 902 (2 166) 924 524 30 627 1 020 1 020 (2 163 ()15) 29 469 (186() 186) 12 200 26 (9() 36() 19() 1 638 ()1 638) 354 354 (36() 1 320) 1 894 1 894 (31) 543 (1 391 ()1 391) 1 026 1 026 (1() 366) 765 765 1 400 23 197 1 938 4 25 139 1 380 3 902 5 282 (2 166) 937 12 687 29 891 2 659 1 020 3 679 (2 163 ()9() 81) 31 317 Noncontrolling interests Total equity Equity at 12/31/2008 Restatements for application of IFRIC 18 Restatements for application of IFRIC 12 Equity at 01/01/2009.

The main result was an adjustment to the value of the Rete transmission network and recognition of impairment on the goodwill resulting from utilization of tax losses originating prior to the acquisition. Special concession liabilities Note 31.

The key developments of 2014 concerned the legislative environment for purchase obligations... The work undertaken by nuclear operators together with the French government since 2013 on regulations governing the discount rate applicable for provisions has now been completed, and the results should be transposed into regulations during the first quarter of 2015.

Determination of the unbilled portion of sales revenues at the year... Net property, plant and equipment were reduced by 124 million at December 31, 2009... This impact entirely concerns EDF... CENG 442 30 (2) 470 Other 392 32 (4) 5 425 Total 20 353 1 029 (323() 1 743) 368 19 684 Provisions at 12/31/2009 Increases Decreases Changes in scope Other PROVISIONS AT 12/31/2010 2010 FINANCIAL REPORT.

the regulatory ceiling is defined until 31 / 12 / 2026 as weighted averages of a 1st term fixed at 4 3 % and a 2nd term corresponding to the arithmetic average over the last 48 months of the TEC 30 plus 100 points... the regulatory ceiling will gradually migrate over 10 years from its level at 31 December 2016 (4 3 %) to a level in 2026 equal to the average constant 30.

France A3 LT Issuer Rating Stable Please see the ratings section at the end of this report for more information... At these levels, the French wholesale price is at the top of our estimated range of 40- 50 / MWh for the period up to 2022, although we note that prices for delivery in 2020 and 2021 are in backwardation.

Once transposed into French law (which should happen by 17 July 2021 at the latest,) such directive should have a material impact on French insolvency law, especially with regard to the process of adoption of restructuring plans under insolvency proceedings... Under the law, only Enedis and Local Distribution Companies (LDC) in their service areas (and EDF for areas not connected to the continental metropolitan network) may be appointed to operate the public energy distribution networks and only EDF and LDCs in their service areas may be appointed to provide the supply at the regulated rates.

management dialogue and of industrial relations Default of Group' s counterparties Financial risks Reputational risks Nuclear activities of the EDF Group Operational nuclear safety Ability to continue the period of operation Ability to carry out the" Grand Carénage" programme Ability to build and operate the EPR reactors Industrial dependency for specific skills Ability to integrate Framatome and develop synergies Ability to control the nuclear fuel cycle Ability to control the decommissioning of reactors and the final processing of radioactive waste Exercise of nuclear civil liability France.