New agreement regarding the edf Luminus shareholder structure

The shareholders of EDF Luminus: Publilec, Socofe, Ethias, Nethys and EDF Group1 have today, 26 October 2015, signed amendments to the EDF Luminus shareholders agreement which will extend the agreement until 2025 and provide for the following re-organisation of the shareholder structure :

• Four Belgian shareholders will remain: Publilec (26,4%), Socofe (4,7%), Ethias (0,2%) and Nethys (0,1%) will benefit, under the shareholders agreement, from a liquidity mechanism which will enable them to exit the capital of EDF Luminus from the end of 2018.
• EDF Group¹ will acquire Publilum and VEH’s combined 6.33% stake in EDF Luminus which will increase EDF’s stake to 68,63% (in place of 62,3% previously)².

In consequence, the Board of EDF Luminus, which met on 26th October 2015, has decided to terminate the project to launch an IPO of EDF Luminus which had been initiated in May of this year. The evolution of EDF Luminus’ shareholder structure will allow the company to consolidate its local integration thanks to the modification of the agreements between EDF and its Belgian partners.

EDF Luminus is the number one challenger in the Belgian energy market. The company has a significant fleet of renewable energy assets and, in 2014, was the number one hydro generator and the largest wind developer in the country. EDF Luminus has the ambition to continue to grow its renewable energy asset base over the coming years. In parallel, EDF Luminus has developed significantly in energy services and the acquisition of Rami Services, Dauvister and ATS enable the company to offer its customers a range of new, high value-added, energy efficiency solutions.

The renewed partnership between EDF Group and the Belgian co-shareholders underscores their joint support for the development of EDF Luminus in Belgium, a core country for EDF Group, and their confidence in the EDF Luminus team and its capacity to successfully achieve its ambitions in the Belgian energy market.

¹_{Via EDF Belgium, a 100% owned subsidiary of EDF Group}
² _{Shareholder stakes are expressed as a percentage after conversion of profit certificates into ordinary shares}