Résultats

9- 12 MAY 2011 H1 2012 highlights (after 10 May 2012) French Ministerial order related to regulated tariffs on electricity sales On 20 July 2012... sustainable development and energy decreed that the regulated tariffs on sales (not including tax) of electricity would increase 2 % on average for all tariffs (yellow.

The Commission also proposes the termination of regulated tariffs for to industrial customers (green tariffs and part of the yellow tariffs) and the TaRTAM (transitory regulated tariff for market adjustment) introduced in 2007 and valid until mid- 2010. However the Commission recommends the preservation of regulated tariffs for residential customers and small businesses (blue tariffs and part of the yellow tariffs.

up, with no equivalence in 2015 Impact of the regularisation of regulated tariffs for the period from 23 July 2012 to 31 July 2013... and excluding the impacts on 2014 EBITDA of the adjustment in 2012 regulated tariffs Net income excluding non-... Restated for the impact in 2014 of the 2012 regulated tariffs catch-up (908 million,) sales rose 2 3 % in organic terms.

companies and professionals (not at regulated tariffs and including transitional offer) 223 8 214 5 108 9 107 4 102 3 Local authorities. companies and professionals (at regulated tariffs() 3) 28 6 94 6 26 0 90 4 25 1 87 1 9M 2018 Residential customers (at regulated tariffs and not at regulated tariffs for 0 2 TWh in 2018) 9M 2016 (1() 2() 3) 9M 2017 Rounded to the nearest tenth.

(2) + 6 2 Sales Positive price effects in France (including regulated tariff increase and TURPE indexation) Favourable weather conditions in Europe Favourable gas market conditions... Generation and supply activities price effects- Resale of purchase Obligations (neutral in margin-) Capacity reinvoiced- Increase in Regulated tariffs Regulated activities price effects.

Update to credit analysis MOODY' S INVESTORS SERVICE INFRASTRUCTURE AND PROJECT FINANCE Exhibit 5 Distribution of electricity sales1 in France according to their market exposure in 2020 In TWh At ARENH price through regulated tariffs... term supply contracts. 2 Regulated electricity sales tariffs... This market position, combined with the predominantly regulated nature of electricity tariffs until 2015, has historically underpinned the predictability of EDF' s cash flow.

Second thing, on regulated tariffs, the State Council has ruled against regulated gas tariffs... Regarding regulated tariffs on gas and electricity and the State Council decision a few days ago, which you mentioned, that was your second question... there is a clear distinction which is made between gas and electricity regulated tariffs.

and excluding the impacts on 2014 EBITDA of the regularisation of 2012 2013 regulated tariffs Net Income excluding non-... Sales were also driven by a positive price effect accounting for 208 million euros, mainly due to the increase in the energy component of regulated tariffs on 1 November 2014... In Hungary, sales were impacted by the drop in regulated tariffs for electricity and heat in the second half of 2014. Other activities.

and excluding the impacts on 2014 EBITDA of the regularisation of 2012 2013 regulated tariffs Net Income excluding non-... Sales were also driven by a positive price effect accounting for 208 million euros, mainly due to the increase in the energy component of regulated tariffs on 1 November 2014... In Hungary, sales were impacted by the drop in regulated tariffs for electricity and heat in the second half of 2014. Other activities.

term contracts, ~40 TWh At ARENH price through regulated tariffs... Regulated electricity sales tariffs Sources: Company reports, Moody' s Investors Service 3 3 July 2019 Electricite de France: Update to credit analysis This document has been prepared for the use of Hugues De La Presle and is protected by law.