Results of the option for the payment of the balance of the dividend to be paid out on the 2017 financial year

The option for the payment of the balance of the dividend in shares was chosen by EDF’s shareholders: 93.39% of the rights were exercised in favor of a payment in shares following the option period which took place between 25 May 2018 and 11 June 2018 included.

In accordance with article L.232-18 of the French commercial Code and with article 25 of the Articles of Association, EDF’s General Shareholders’ Meeting of 15 May 2018 decided to pay a dividend in respect of the 2017 financial year for an amount of 0.46 euro per share conferring entitlement to the ordinary dividend, with an option for the payment in shares of the Company of the outstanding balance of the dividend still to be paid, amounting to 0.31 euro per share conferring entitlement to the ordinary dividend.

The issue price of the new shares is 10.23 euro per share, equal to 90% of the average of the opening prices of the EDF shares listed on the Euronext Paris regulated market over the twenty trading days prior to 15 May 2018, date of the Combined Shareholders’ Meeting, less the amount of the balance of the dividend, rounded up to the next highest euro cent.

This transaction will result in the issuance of 82,828,872 new shares (representing approximately 2.75% of the share capital, taking into account the issuance), to be delivered and admitted for trading on Euronext Paris starting on 19 June 2018. The new shares will be issued with immediate dividend rights and will confer the same rights (“jouissance courante”) and restrictions as existing common shares, as described in the Company’s Articles of Association and the 2017 reference document Report available on the Company’s website. The balance in cash to be paid to the shareholders who opted for the payment in shares amounts to around 0.884 million euros.

The total remaining cash dividend to be paid to shareholders who did not elect to receive the 2017 balance of the dividend in shares amounts to around 60.331 million euro and the payment in cash will take place as of 19 June 2018.

Xavier Girre, Group Senior Executive Vice President, Group Finance stated: “With this option, widely subscribed by our shareholders, the equity reinforcement plan announced in April 2016 is now completed. It will have reached € 9.06 billion, divided between the option for the payment of the dividend in shares for fiscal years 2015 to 2017 (amounting to €5.04bn) and the rights issue carried out in March 2017 (€4.02bn).”