Dividends

€0.58 per share, i.e. a pay-out rate of 45%, with an option of payment of the balance of the dividend in new shares at an issue price of €7.44

A dividend of €0.58 per share was proposed to the Shareholders’ Meeting convened on 12 May 2022, corresponding to a pay-out rate of 45% of net income excluding non-recurring items⁽¹⁾.

Taking into account the interim dividend of €0.30 per share paid in December 2021, the balance of the dividend to be paid in respect of 2021 is €0.28 per share with the ordinary dividend and €0.338 per share for shares with the bonus dividend.

Each shareholder would be given the choice between payment of the balance of the dividend in cash or in new shares of the Company.

The schedule

The EDF Board of Directors meeting of 17 February 2022 set the terms for settlement of the balance of the dividend for 2021 that shareholders approved at the Shareholders’ Meeting:

• On 18 may 2022: detachment of dividends (ordinary and loyalty);
• From 20 May to 7 June 2022 inclusive (2): exercise period for the option for payment in new shares;
• On 13 June 2022: dividend balance payment, and settlement/delivery of shares.

Unless they have opted for payment in new shares between 20 May and 7 June 2022 inclusive⁽²⁾, shareholders will receive the balance of their dividend in cash on the date of its payment, namely 13 June 2022.

Price of new shares: €7.44.

This price equals to 90% of the average of the opening price of EDF’s shares during the 20 trading days prior to the Shareholders’ Meeting, less the amount of the balance of the dividend remaining to be paid for the year 2021, all rounded up to the next cent.

⁽¹⁾Adjusted for the remuneration of hybrid bonds booked as equity.

⁽²⁾Subsequent to regulatory changes and the harmonisation of European standards on the payment process for optional dividends, the date of the end of the option period may vary from one financial intermediary to the next. For pure registered shareholders, BNP Paribas Securities Services, as the institution in charge of the securities service of the EDF company, has set this date at 3 June 2022 at the latest in order to supervise and centralise the responses of pure registered shareholders.

Interim dividend for 2021

€0.30: interim dividend for 2021 with an option of payment in new shares

At its meeting held on 4 November 2021, the Board of Directors of EDF declared a 2021 interim dividend of €0.30 per share with an option for shareholders to receive it in new shares of the Company.

€11.12: share price for the new shares issued as payment of the 2021 interim dividend

The share price, set by the Board of Directors, equals to the average opening price on the Euronext Paris market for the 20 trading days preceding 4 November 2021, reduced by the net amount of the interim dividend, with a 10% discount, rounded up to the nearest cent.

The schedule

• On 11 November 2021: ex-date detachment;
• From 15 to 26 November 2021(1) inclusive: exercise period for the option for payment in new shares;
• On 2 December 2021: payment date and settlement/delivery of shares.

If the shareholder wish to receive the interim dividend in cash, no action on her/his part is required.

Any shareholder who did not exercise this option between 15 and 26 November 2021(1) inclusive received the whole of the interim dividend due to them in cash.

Results of the option to receive interim dividend in shares

94.92% of the rights were exercised in favor of a payment in new shares

⁽¹⁾ Subsequent to regulatory changes and the harmonisation of European standards on the payment process for optional dividends, the date of the end of the option period may vary from one financial intermediary to the next. For pure registered shareholders, BNP Paribas Securities Services, as the institution in charge of the securities service of the EDF company, has set this date at 24 November 2021 at the latest in order to supervise and centralise the responses of pure registered shareholders.