Bond Electricite de France (EDF) 6.492% ( CA268317AX20 ) in CAD

Electricite de France (EDF)

100 % ⇌

France

CA268317AX20 ( in CAD )

6.492% per year ( payment 1 time a year)

23/05/2053

Prospectus brochure of the bond Electricite de France (EDF) CA268317AX20 en CAD 6.492%, maturity 23/05/2053

23/05/2025 ( In 69 days )

EDF is a French multinational electric utility company, primarily involved in the generation, transmission, and distribution of electricity in France and internationally.

The Bond issued by Electricite de France (EDF) ( France ) , in CAD, with the ISIN code CA268317AX20, pays a coupon of 6.492% per year.
The coupons are paid 1 time per year and the Bond maturity is 23/05/2053

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The securities are not intended to be offered, sold or otherwise made available to and should not be offered, sold,
or otherwise made available to any retail investor in the United Kingdom. For these purposes, a retail investor means
a person who is one (or more) of: (i) a retail client, as defined in point (8) of Article 2 of Regulation (EU) No 2017/565
as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("EUWA"); or (ii) a
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PRIIPs Regulation") for offering or selling the securities or otherwise making them available to retail investors in
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issue of the securities offered hereby is not intended to be, and has not been approved by, an "authorised person"
within the meaning of Section 21(1) of the FSMA. As a consequence, the offering memorandum is being distributed
to and is only directed at persons who (i) are located outside of the United Kingdom, (ii) are investment professionals
falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as
amended, the "Order"), or (iii) are high net worth entities and other persons to whom it may be lawfully
communicated falling within Article 49(2)(a) to (d) of the Order (all such persons mentioned in paragraphs (i), (ii)
and (iii) collectively being referred to as "Relevant Persons"). The securities are directed only at Relevant Persons
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activity (within the meaning of Section 21 of the FSMA) received by it in connection with the issue or sale of the
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With respect to the European Economic Area (the "EEA"), the attached offering memorandum is only being
distributed to and is only directed at, and any offer subsequently made may only be directed at persons who are
"qualified investors" as defined in Article 2(e) of the Regulation (EU) 2017/1129 (as amended, the "Prospectus
Regulation"). In particular, the securities are not intended to be offered, sold or otherwise made available to and
should not be offered, sold or otherwise made available to any retail investor in the EEA. For these purposes, a "retail
investor" means a person who is one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of Directive
2014/65/EU (as amended, "MiFID II"); or (ii) a customer within the meaning of Directive 2016/97/EU (as amended,
the "Insurance Distribution Directive"), where that customer would not qualify as a professional client as defined
in point (10) of Article 4(1) of MiFID II; or (iii) not a qualified investor as defined in the Prospectus Regulation.

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Prospectus Regulation.
MiFID II product governance / Professional investors and eligible counterparties only target market
Solely for the purposes of each manufacturer's product approval process, the target market assessment in respect of
the Notes has led to the conclusion that: (i) the target market for the Notes is eligible counterparties and professional
clients only, each as defined in MiFID II; and (ii) all channels for distribution of the Notes to eligible counterparties
and professional clients are appropriate. Any person subsequently offering, selling or recommending the Notes (for
the purposes of this paragraph, a "distributor") should take into consideration the manufacturers' target market
assessment; however, a distributor subject to MiFID II is responsible for undertaking its own target market assessment
in respect of the Notes (by either adopting or refining the manufacturers' target market assessment) and determining
appropriate distribution channels.
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THE ATTACHED OFFERING MEMORANDUM IS BEING PROVIDED TO YOU ON A
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This offering memorandum constitutes an offering of these securities in those jurisdictions and to those persons where and to whom they may
lawfully be offered for sale, and therein only by persons permitted to sell such securities. This offering memorandum is not, and under no
circumstances is to be construed as, a prospectus, an advertisement or a public offering of these securities in Canada. No securities commission,
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This offering memorandum is for the confidential use of only those persons to whom it is transmitted in connection with this offering. By their
acceptance of this offering memorandum, investors agree that they will not transmit, reproduce or make available to any person, other than their
professional advisers, this offering memorandum or any of the information contained herein. No person has been authorized to give any information
or to make any representations about the securities not contained in this offering memorandum. Any such information or representation which is
given or received must not be relied upon by any investor.

PRIVATE PLACEMENT
CONFIDENTIAL

EDF S.A.
$500,000,000
consisting of
C$300,000,000 5.993% Fixed Rate Notes due May 23, 2030

C$200,000,000 6.492% Fixed Rate Notes due May 23, 2053

_______________
This offering memorandum constitutes an offering of EDF S.A.'s (the "Issuer") 5.993% fixed rate notes due May 23, 2030 (the "Seven-Year
Fixed Rate Notes") bearing interest at a rate of 5.993% per annum and 6.492% fixed rate notes due May 23, 2053 (the "Thirty-Year Fixed Rate
Notes" and together with the Seven-Year Fixed Rate Notes, the "Notes") bearing interest at a rate of 6.492% per annum. Interest on the Notes will
be payable semi-annually in arrears on May 23 and November 23 of each year with the first such interest payment date on November 23, 2023. See
"Description of Notes--Principal, Maturity and Interest." The offering is being made on a private placement basis in all of the provinces of Canada.
The Issuer may redeem the Notes prior to maturity, in whole or in part, at any time or from time to time at a make-whole redemption price,
as described under "Description of Notes--Redemption--Optional Redemption." The Issuer may also, at any time or from time to time, during a
period of three to six months preceding the applicable maturity date, as the case may be, redeem, in whole or in part, the relevant series of Notes at
par plus any accrued and unpaid interest as described under "Description of Notes--Redemption--Residual Maturity Call Option." In addition, the
Issuer may, at its option, elect to redeem the Notes in whole, but not in part, at a price equal to their principal amount plus accrued and unpaid
interest, if any, upon the occurrence of certain changes in applicable tax law as described under "Description of Notes--Redemption--Tax
Redemption."
The Notes will be the Issuer's senior obligations and will rank equally in right of payment with all of our existing and future senior unsecured
indebtedness (save for certain mandatory exceptions provided by French law).
The Notes will not be listed on any stock exchange.
Investing in the Notes involves risks. You should consider carefully the information under "Risk Factors" beginning on page 32 of this
offering memorandum before deciding whether to invest in the Notes.
The Notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") or the securities
laws of any other jurisdiction, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons (as defined
in Regulation S under the Securities Act) except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of
the Securities Act. The offering is being made outside the United States in reliance on Regulation S under the Securities Act. See "Notice to
Investors" and "Transfer Restrictions" for additional information about eligible offerees and transfer restrictions.
Information in the Prospectus and in the documents incorporated herein by reference has not been prepared with regard to matters that may
be of particular concern to Canadian purchasers and, accordingly, should be read with this in mind. Prospective purchasers are advised to consult
their own advisers about their individual circumstances.
_______________
Price of the Seven-Year Fixed Rate Notes: 5.993% plus accrued interest, if any, from May 23, 2023
Price of the Thirty-Year Fixed Rate Notes: 6.492% plus accrued interest, if any, from May 23, 2023

It is expected that the Notes will be delivered to purchasers in book entry form through CDS Clearing and Depositary Services Inc. ("CDS") on or
about May 23, 2023.

_______________
Joint Global Coordinators

BofA Securities
RBC Capital Markets

Joint Bookrunners

J.P. Morgan

Scotia Capital Inc.

Societe Generale

Wells Fargo Securities
Canada, Ltd.

May 17, 2023

You should rely only on the information contained or incorporated by reference in this offering
memorandum. We have not, and the Initial Purchasers (as defined below) have not, authorized anyone to
provide you with any other information. If anyone provides you with different or inconsistent information, you
should not rely on it. You should assume that the information appearing in this offering memorandum is
accurate only as of the date on the front cover of this offering memorandum or, with respect to documents
incorporated by reference, as of the date of such documents. Our business, financial condition, results of
operations and prospects may have changed since the date of this offering memorandum or, with respect to
documents incorporated by reference, since the date of such documents. See "Information Incorporated by
Reference."
This offering memorandum is strictly confidential. You are authorized to use this offering memorandum solely
for the purpose of considering the purchase of the Notes described in this offering memorandum. You may not
reproduce or distribute this offering memorandum, in whole or in part, and you may not disclose any of the contents
of this offering memorandum or use any information herein for any purpose other than considering a purchase of the
Notes. You agree to the foregoing by accepting delivery of this offering memorandum.
The Issuer accepts responsibility for the offering memorandum and confirms that the information contained
therein is, to the best of its knowledge, in accordance with the facts and makes no omission likely to affect its import.
We and Merrill Lynch Canada Inc., RBC Dominion Securities Inc., J.P. Morgan Securities Canada Inc.,
Scotia Capital Inc., SG Americas Securities, LLC, and Wells Fargo Securities Canada, Ltd. (together, the
"Initial Purchasers") reserve the right to withdraw the offering of the Notes at any time or to reject any offer
to purchase, in whole or in part, for any reason, or to sell less than all of the Notes offered hereby. This offering
memorandum is personal to each offeree and does not constitute an offer to any other person or to the public
generally to subscribe for or otherwise acquire securities.
Each investor in the Notes will be deemed to make certain representations, warranties and agreements
regarding the manner of purchase and subsequent transfers of the Notes. These representations, warranties
and agreements are described in the section of this offering memorandum entitled "Transfer Restrictions."
The Initial Purchasers have not independently verified any of the information contained herein (financial, legal
or otherwise) and make no representation or warranty, express or implied, as to the accuracy or completeness of the
information contained or incorporated by reference in this offering memorandum, and nothing contained in this
offering memorandum is, or shall be relied upon as, a promise or representation by the Initial Purchasers. In making
an investment decision, prospective investors must rely on their own examination of the Issuer and the terms of the
offering, including the merits and risks involved. Neither we, nor the Initial Purchasers, nor any of our or their
respective representatives make any representation to any offeree or purchaser of the Notes offered hereby regarding
the legality of an investment by such offeree or purchaser under applicable legal investment or similar laws. You
should consult with your own advisors as to legal, tax, business, financial and related aspects of a purchase of the
Notes.
In this offering memorandum, including the information incorporated by reference herein, we rely on and refer
to information and statistics regarding our industry. We obtained this market data from internal surveys, estimates,
reports and studies, where appropriate, as well as independent industry publications or other publicly available
information. External industry studies generally state that the information contained therein has been obtained from
sources believed to be reliable but that the accuracy and completeness of such information is not guaranteed. Although
we believe that the external sources are reliable, we have not verified, and make no representations as to, the accuracy
and completeness of such information. Similarly, internal surveys, estimates, reports and studies, while believed to be
reliable, have not been independently verified, and neither we nor the Initial Purchasers make any representations as
to the accuracy of such information.
IN CONNECTION WITH THIS OFFERING, THE INITIAL PURCHASERS ARE NOT ACTING FOR
ANYONE OTHER THAN THE ISSUER AND WILL NOT BE RESPONSIBLE TO ANYONE OTHER THAN
THE ISSUER FOR PROVIDING THE PROTECTIONS AFFORDED TO THEIR CLIENTS NOR FOR
PROVIDING ADVICE IN RELATION TO THE OFFERING.

-10-

NOTICE TO INVESTORS
The distribution of this offering memorandum and the offering and sale of the Notes in certain jurisdictions may
be restricted by law. We and the Initial Purchasers require persons into whose possession this offering memorandum
comes to inform themselves about and to observe any such restrictions. This offering memorandum may not be used
for, or in connection with, and does not constitute, any offer to sell or solicitation of an offer to purchase the Notes by
anyone in any jurisdiction or under any circumstance in which such offer or solicitation is not authorized or is unlawful.
NOTICE TO PROSPECTIVE INVESTORS IN THE UNITED STATES
The Notes offered pursuant to this Offering Memorandum are not being offered in the United States. The Notes
have not been, and will not be, registered under the Securities Act, or the securities laws of any state of the United
States or any other jurisdiction, and may not be offered or sold in the United States or to, or for the account or benefit
of, U.S. Persons (as such terms are defined in Regulation S under the Securities Act), except pursuant to an exemption
from, or in a transaction not subject to, the registration requirements of the Securities Act and any applicable state or
local securities laws. Please refer to the sections in this offering memorandum entitled "Plan of Distribution" and
"Transfer Restrictions."
Neither the U.S. Securities and Exchange Commission ("SEC") nor any state securities commission has
approved or disapproved of these securities or determined if this offering memorandum is truthful or complete.
Any representation to the contrary is a criminal offense.
NOTICE TO PROSPECTIVE INVESTORS IN THE UNITED KINGDOM
The Notes are not intended to be offered, sold or otherwise made available to and should not be offered, sold, or
otherwise made available to any retail investor in the United Kingdom. For these purposes, a retail investor means a
person who is one (or more) of: (i) a retail client, as defined in point (8) of Article 2 of Regulation (EU) No 2017/565
as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("EUWA"); or (ii) a
customer within the meaning of the provisions of the Financial Services and Markets Act 2000 (the "FSMA") and
any rules or regulations made under the FSMA to implement Directive (EU) 2016/97, where that customer would not
qualify as a professional client, as defined in point (8) of Article 2(1) of Regulation (EU) No 600/2014 as it forms part
of UK domestic law by virtue of the EUWA; or (iii) not a qualified investor as defined in Article 2 of the Prospectus
Regulation as it forms part of UK domestic law by virtue of the EUWA. Consequently, no key information document
required by Regulation (EU) No 1286/2014 as it forms part of UK domestic law by virtue of the EUWA (the "UK
PRIIPs Regulation") for offering or selling the Notes or otherwise making them available to retail investors in the
United Kingdom has been prepared and therefore offering or selling the Notes or otherwise making them available to
any retail investor in the United Kingdom may be unlawful under the UK PRIIPs Regulation.
In addition, the communication of this offering memorandum and any other document or materials relating to the
issue of the securities offered hereby is not intended to be, and has not been approved by, an "authorised person"
within the meaning of Section 21(1) of the FSMA. As a consequence, the offering memorandum is being distributed
to and is only directed at persons who (i) are located outside of the United Kingdom, (ii) are investment professionals
falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as
amended, the "Order"), or (iii) are high net worth entities and other persons to whom it may be lawfully
communicated falling within Article 49(2)(a) to (d) of the Order (all such persons mentioned in paragraphs (i), (ii)
and (iii) collectively being referred to as "Relevant Persons"). The Notes are directed only at Relevant Persons and
no invitation, offer or agreements to subscribe, purchase or acquire the Notes referred to in this offering memorandum
may be proposed or made other than with Relevant Persons. Any person other than a Relevant Person may not act or
rely on this offering memorandum or any information contained herein.
No person may communicate or cause to be communicated any invitation or inducement to engage in investment
activity (within the meaning of Section 21 of the FSMA) received by it in connection with the issue or sale of the
securities other than in circumstances in which Section 21(1) of the FSMA does not apply to us.

-11-

NOTICE TO INVESTORS REGARDING THE PRIIPS REGULATION, THE PROSPECTUS
REGULATION AND THE PROHIBITION OF SALES TO EEA RETAIL INVESTORS
With respect to the European Economic Area (the "EEA"), this offering memorandum is only being distributed
to and is only directed at, and any offer subsequently made may only be directed at persons who are "qualified
investors" as defined in Article 2(e) of the Regulation (EU) 2017/1129 (as amended, the "Prospectus Regulation").
In particular, the Notes are not intended to be offered, sold or otherwise made available to and should not be offered,
sold or otherwise made available to any retail investor in the EEA. For these purposes, a "retail investor" means a
person who is one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of Directive 2014/65/EU (as
amended, "MiFID II"); or (ii) a customer within the meaning of Directive 2016/97/EU (as amended, the "Insurance
Distribution Directive"), where that customer would not qualify as a professional client as defined in point (10) of
Article 4(1) of MiFID II; or (iii) not a qualified investor as defined in the Prospectus Regulation. Consequently, no
key information document required by Regulation (EU) no. 1286/2014 (as amended, the "PRIIPs Regulation") for
offering or selling the Notes or otherwise making them available to retail investors in the EEA, and no Prospectus
Regulation compliant prospectus subject to the approval of the French Autorité des Marchés Financiers (the "AMF")
or any other EEA member state's regulator have been or will be prepared and therefore offering or selling the Notes
or otherwise making them available to any retail investor in the EEA may be unlawful under the PRIIPs Regulation
and the Prospectus Regulation.
This offering memorandum has been prepared on the basis that any offer of Notes in any member state of the
EEA (each, a "Member State") will be made pursuant to an exemption under the Prospectus Regulation from the
requirement to publish a prospectus for offers of Notes. This offering memorandum is not a prospectus for the purposes
of the Prospectus Regulation in relation to such offer. The Notes have not been and will not be offered or sold or
caused to be offered or sold, directly or indirectly, to retail investors in France or in any other Member State and
neither this offering memorandum, nor any other offering material or information contained therein relating to the
Notes, has been submitted to the approval of the AMF or of any competent authority of another Member State. Neither
this offering memorandum, nor any other offering material or information contained therein relating to the Notes has
been or will be released, issued or distributed or caused to be released, issued or distributed, directly or indirectly, to
retail investors in France or any other Member State, or used in connection with any offer for subscription, exchange
or sale of the Notes to retail investors in France or any other Member State. Neither the Issuer nor the Initial Purchasers
have authorized, nor do they authorize, the making of any offer of Notes in circumstances in which an obligation
arises for the Issuer or the Initial Purchasers to publish a Prospectus Regulation compliant prospectus for such offer.
The Issuer has not authorized and does not authorize the making of any offer of Notes through any financial
intermediary, other than offers made by the Initial Purchasers with a view to the final placement of the Notes as
contemplated in this offering memorandum. Accordingly, no purchaser of the Notes, other than the Initial Purchasers,
is authorized to make any further offer of the Notes on behalf of the Issuer or the Initial Purchasers.
MIFID II PRODUCT GOVERNANCE/PROFESSIONAL INVESTORS
AND ECPS ONLY TARGET MARKET
Solely for the purposes of each manufacturer's product approval process, the target market assessment in respect
of the Notes has led to the conclusion that: (i) the target market for the Notes is eligible counterparties and professional
clients only, each as defined in MiFID II; and (ii) all channels for distribution of the Notes to eligible counterparties
and professional clients are appropriate. Any person subsequently offering, selling or recommending the Notes (for
the purposes of this paragraph, a "distributor") should take into consideration the manufacturers' target market
assessment; however, a distributor subject to MiFID II is responsible for undertaking its own target market assessment
in respect of the Notes (by either adopting or refining the manufacturers' target market assessment) and determining
appropriate distribution channels.
NOTICE TO PROSPECTIVE INVESTORS IN LUXEMBOURG
This offering memorandum constitutes a prospectus for the purpose of Part IV of the Luxembourg law of July 16,
2019 on prospectuses for securities (the "Luxembourg Prospectus Act"). This offering memorandum has not been
approved by, and will not be submitted for approval to, the Luxembourg Financial Services Authority (Commission
de Surveillance du Secteur Financier) (the "CSSF") for purposes of a public offering or sale in the Grand Duchy of

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Luxembourg ("Luxembourg"). Accordingly, the Notes may not be offered or sold to the public in Luxembourg,
directly or indirectly, and neither this offering memorandum nor any other circular, prospectus, form of application,
advertisement, communication or other material may be distributed, or otherwise made available in or from, or
published in Luxembourg, except for the sole purpose of the listing on the Official List of the Luxembourg Stock
Exchange and the admission to trading of the Notes on the Euro MTF Market and except in circumstances which do
not constitute an offer of securities to the public which benefits from an exemption to or constitutes a transaction not
subject to, the requirement to publish a prospectus in accordance with the Luxembourg Prospectus Act and the EU
Prospectus Regulation.
NOTICE TO PROSPECTIVE INVESTORS IN JAPAN
The Notes have not been and will not be registered under the Financial Instruments and Exchange Act of Japan
(Act No. 25 of 1948, as amended, the "FIEA"). The Notes may not be offered or sold, directly or indirectly, in Japan
or to or for the benefit of any resident of Japan (including any person resident in Japan or any corporation or other
entity organized under the laws of Japan) or to others for reoffering or resale, directly or indirectly, in Japan or to or
for the benefit of any resident of Japan, except pursuant to an exemption from the registration requirements of, and
otherwise in compliance with, the FIEA and any other applicable laws, regulations and ministerial guidelines of Japan.
NOTICE TO PROSPECTIVE INVESTORS IN HONG KONG
The Notes may not be offered or sold in Hong Kong by means of any document other than (i) to "professional
investors" as defined in the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong) ("Securities and
Futures Ordinance") and any rules made thereunder, or (ii) in other circumstances which do not result in the
document being a "prospectus" as defined in the Companies (Winding Up and Miscellaneous Provisions) Ordinance
(Cap. 32 of the Laws of Hong Kong) ("Companies (Winding Up and Miscellaneous Provisions) Ordinance") or
which do not constitute an offer to the public within the meaning of the Companies (Winding Up and Miscellaneous
Provisions) Ordinance, and no advertisement, invitation or document relating to the Notes may be issued or may be
in the possession of any person for the purpose of issue (in each case whether in Hong Kong or elsewhere), which is
directed at, or the contents of which are likely to be accessed or read by, the public in Hong Kong (except if permitted
to do so under the securities laws of Hong Kong) other than with respect to Notes which are or are intended to be
disposed of only to persons outside Hong Kong or only to "professional investors" in Hong Kong as defined in the
Securities and Futures Ordinance and any rules made thereunder.
NOTICE TO PROSPECTIVE INVESTORS IN SINGAPORE
Notification under Section 309B(1)(c) of the Securities and Futures Act 2001 (2020 Revised Edition) of
Singapore (the "SFA") - In connection with Section 309B of the SFA and the Securities and Futures (Capital Markets
Products) Regulations 2018 of Singapore (the "CMP Regulations 2018"), the Issuer has determined the classification
of the Notes as prescribed capital markets products (as defined in the CMP Regulations 2018) and Excluded
Investment Products (as defined in MAS Notice SFA 04-N12: Notice on the Sale of Investment Products and MAS
Notice FAA-N16: Notice on Recommendations on Investment Products).
This offering memorandum has not been and will not be registered as a prospectus with the Monetary Authority
of Singapore. Accordingly, the offering memorandum and any other document or material in connection with the offer
or sale, or invitation for subscription or purchase, of the Notes will not be circulated or distributed, nor will the Notes
be offered or sold, or be made the subject of an invitation for subscription or purchase, whether directly or indirectly,
to persons in Singapore other than (i) to an institutional investor (as defined in Section 4A of the SFA) pursuant to
Section 274 of the SFA, (ii) to a relevant person (as defined in Section 275(2) of the SFA) pursuant to Section 275(1)
of the SFA, or any person pursuant to Section 275(1A) of the SFA, and in accordance with the conditions specified in
Section 275 of the SFA, or (iii) otherwise pursuant to, and in accordance with the conditions of, any other applicable
provision of the SFA.
Where the Notes are subscribed or purchased under Section 275 of the SFA by a relevant person which is: (a) a
corporation (which is not an accredited investor (as defined in Section 4A of the SFA)) the sole business of which is
to hold investments and the entire share capital of which is owned by one or more individuals, each of whom is an
accredited investor; or (b) a trust (where the trustee is not an accredited investor) whose sole purpose is to hold

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investments and each beneficiary of the trust is an individual who is an accredited investor, securities or securities-
based derivatives contracts (each term as defined in Section 2(1) of the SFA) of that corporation or the beneficiaries'
rights and interest (howsoever described) in that trust shall not be transferred within six months after that corporation
or that trust has acquired the Notes pursuant to an offer made under Section 275 of the SFA except: (a) to an
institutional investor or to a relevant person, or to any person arising from an offer referred to in Section 275(1A) or
Section 276(4)(c)(ii) of the SFA; (b) where no consideration is or will be given for the transfer; (c) where the transfer
is by operation of law; (d) as specified in Section 276(7) of the SFA; or (e) as specified in Regulation 37A of the
Securities and Futures (Offers of Investments) (Securities and Securities-based Derivatives Contracts) Regulations
2018 of Singapore.

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Document Outline

#7">NOTICE TO INVESTORS
#11">TABLE OF CONTENTS
#12">CERTAIN DEFINITIONS
#12">INDUSTRY AND MARKET DATA
#14">INFORMATION INCORPORATED BY REFERENCE
#16">PRESENTATION OF FINANCIAL INFORMATION
#18">AVAILABLE INFORMATION
#19">FORWARD-LOOKING STATEMENTS
#20">SUMMARY
- #20">GENERAL INTRODUCTION TO THE EDF GROUP
- #21">MANAGEMENT
- #22">THE OFFERING
#27">SUMMARY CONSOLIDATED FINANCIAL DATA
- #28">Extracts from the consolidated income statements
- #28">Consolidated balance sheets
- #29">Extracts from the consolidated cash flow statements
- #29">Breakdown by operating segment
#31">RECENT DEVELOPMENTS
#37">RISK FACTORS
- #37">RISK FACTORS RELATED TO THE ISSUERS BUSINESS, FINANCIAL POSITION AND FUTURE RESULTS
- #72">RISK FACTORS RELATED TO THE NOTES AND THE NOTES OFFERING
  - #72">There is currently no public market for the Notes.
  - #72">The Notes are subject to restrictions on transfer.
  - #72">Investors may experience difficulties in enforcing civil liabilities.
  - #73">The Notes are unsecured obligations of the Issuer.
  - #73">Our credit ratings may not reflect all risks of an investment in the Notes and may be revised, suspended or withdrawn at any time.
  - #74">An investment in the Notes involves risks relating to changes in the interest rate environment.
  - #74">We are not restricted in the amount of additional debt that we may incur or guarantee, including debt ranking senior to, or pari passu with the Notes, which may make it difficult to satisfy our obligations under the Notes or reduce the value of the No...
  - #74">A Noteholders actual yield on the Notes may be reduced from the stated yield by transaction costs.
  - #75">There are exchange rate risks and exchange controls associated with the Notes.
  - #75">The Issuer may redeem the Notes in whole or in part at its option prior to their maturity.
  - #75">The Issuer may redeem the Notes at its option upon the occurrence of a Change in Tax Law.
  - #76">The Notes may not be a suitable investment for all investors.
  - #76">French insolvency law proceedings may adversely impact Noteholders seeking repayment in the event that the Issuer or one or more of its subsidiaries is subject to such proceedings.
  - #77">Many factors may adversely affect the trading market, value or yield of the Notes.
#78">RISK MITIGATION AND CONTROL ACTIONS
#95">USE OF PROCEEDS
#96">PRESENTATION OF EXCHANGE RATES AND CURRENCY INFORMATION
#97">CAPITALIZATION AND INDEBTEDNESS
#99">DESCRIPTION OF NOTES
- #99">General
- #99">Principal, Maturity and Interest
- #100">Book-Entry; Delivery and Form
- #100">Payments
- #101">Certain Duties of the Fiscal Agent
- #101">Redemption
- #101">Optional Redemption
- #102">Residual Maturity Call Option
- #103">Tax Redemption
- #103">Payment of Additional Amounts
- #105">Limitation on Liens
- #106">Events of Default
- #106">Amendments and Waivers
- #108">Notices
- #108">No Personal Liability of Directors, Officers, Employees and Shareholders
- #108">Prescription
- #109">Governing Law
#110">BOOK-ENTRY; DELIVERY AND FORM
- #110">Summary of Provisions Relating to Notes in Global Form
- #111">CDS
- #111">Summary of Provisions Relating to Certificated Notes
#113">TAXATION
- #113">Taxation in France
#115">PLAN OF DISTRIBUTION
- #116">Selling Restrictions
  - #116">United States
  - #117">United Kingdom
  - #117">PRIIPs Regulation / Prospectus Regulation / Prohibition of Sales to EEA Retail Investors
  - #118">Japan
  - #118">Hong Kong
  - #118">Singapore
- #119">CUSIP
  - #120">Ontario Purchasers
  - #120">Manitoba Purchasers
  - #121">New Brunswick Purchasers
- #121">Newfoundland and Labrador Purchasers
  - #122">Nova Scotia Purchasers
  - #123">Saskatchewan Purchasers
#125">TRANSFER RESTRICTIONS
- #125">The distribution of the Notes in Canada is being made only on a private placement basis exempt from the requirement that the Issuer prepare and file a prospectus with the applicable securities regulatory authorities. The Issuer is not a reporting issu...
  - #126">Representations and Acknowledgement of Purchasers
  - #127">Personal Information
  - #128">Language of Documents
#130">VALIDITY OF THE NOTES
#131">INDEPENDENT STATUTORY AUDITORS