Reference Document 2017 including the Annual ... - …

1 Reference Document 2017including the Annual Financial ReportIn this Reference Document (the " Reference Document "), unless otherwise stated,the terms Company and EDF refer to lectricit de France SA, and the terms EDF group and Group refer to EDF and its subsidiaries and addition to the information contained in this Reference Document , investorsshould carefully consider the risk factors described in Chapter 2 ("Risk factors andcontrol framework"). These risks, or one of these risks, could negatively impact theGroup's business, position, financial results or outlook.

2 Furthermore, other risks notyet identified or considered as material by the Group, could have the same negativeimpact, and investors could consequently lose all or part of their investment in Reference Document also contains information relating to the markets in whichthe EDF group operates. This information has been taken from surveys carried out byexternal sources. Given the rapid changes affecting the energy sector in France andthroughout the world, it is possible that this information could prove to beerroneous or no longer up-to-date on the filing date of this Reference Document orthereafter.

3 The Group's activities may therefore evolve in a manner different to thatdescribed in this Reference Document , and the declarations or information presentedin this Document may prove to be statements in this Reference Document , specifically in section ("Group Strategy"), could also be impacted by risks, uncertainties and other factorsthat may cause the future income, performance and achievements of the Group todiffer significantly from the objectives expressed and suggested. These factors mayinclude changes in the economic and commercial environment, in regulations, aswell as factors set forth in Chapter 2 ("Risk factors and control framework").

4 Pursuant to French and European legislation, RTE and Enedis, regulated subsidiariesmanaged independently within the meaning of the French Energy Code, respectivelyresponsible for the transmission and distribution of electricity within the EDF group,are not allowed to communicate certain information they gather while conductingtheir activities to other Group entities, including its Management. Similarly, certaindata specific to generation and supply activities cannot be communicated to theentities responsible for transmission and distribution.

5 This Reference Document hasbeen prepared by the EDF group in compliance with these rules. For the sake ofbrevity, further references in this Reference Document made to RTE and Enedis willnot always specify their independent nature as within the meaning of the FrenchEnergy Code. A glossary of the main technical terms is provided at the end of this OF CONTENTKey figures2 Corporate OF EDF GROUP7 History and development of the of the 10 Group 12 Description of the Group's 16 Legislative and regulatory 79 Research & development, patents and 95 Property, plant and FACTORS AND CONTROL FRAMEWORK105 Risks to which the Group is of Group risks and proceedings and AND SOCIETAL INFORMATION HUMAN RESOURCES143 Defining and implementing corporate sustainable.

6 Safe and efficient the challenges of climate the use of natural resources and the environment171 Act positively within communities and dialogue182 Pay close attention to our co-workers and our internal transformations a success 194 Reporting system and report of the Statutory GOVERNANCE223 Corporate Governance and functioning of the Board of created by Executive of interest, absence of convictions of members of the administrative bodies and Executive Management, contracts for services 252 Shareholding by directors and trading in EDF by corporate officers and executives 253 Compensation and by the Statutory Auditors, prepared in with Article L.

7 225-235 of the French Commercial Code, on the report of the Board of Directors on Corporate GROUP'S PERFORMANCE IN 2017 AND FINANCIAL OUTLOOK259 Operating and financial 260 Subsequent 292 Changes in market prices in January February STATEMENTS295 Consolidated financial statements 31 December 2017296 Notes to the consolidated financial statements304 Statutory Auditors' report on the consolidated financial statements409 Financial to the financial statements417 Statutory Auditors Report on the financial statements465 Results for the last five fiscal 468 Dividend 469 Significant change in the

8 Issuer s financial or trading position470 Information relating to the allocation of funds raised through Green Bonds issued by INFORMATION ABOUT THE COMPANY AND ITS CAPITAL475 General information about the 476 Incorporation documents and articles of association476 Information regarding capital and share ownership479 Market for the Company s 485 Related party 486 Material INFORMATION491 Person responsible for the Reference Document and the Certification492 Auditors Statutory 493 Documents available to the 493 Financial communication 494 Glossary499 Reference Document 2017 The present Reference Document contains all information required for the Annual Financial Reference Document was fi led with the Autorit des March s Financiers (French Financial Markets Authority or AMF) on 15 March, 2018, in accordance with Article 212-13 of its General Regulations.

9 It may be used in connection with a fi nancial transaction if accompanied by an offering memorandum approved by the AMF. This Document has been prepared by the issuer and its signatories are liable for its to Article 28 of EC Regulation no. 809/2004 of the European Commission, the following information is included by Reference in this Reference Document : EDF group s consolidated fi nancial statements for fi scal year-ended 31 December 2016 (prepared in accordance with international accounting standards) and the related statutory auditors report, respectively presented in Chapters 6, sections (pages 319 to 436) and (pages 437 to 438) of the EDF group 2016 Reference Document .

10 EDF group s consolidated fi nancial statements for fi scal year-ended 31 December 2015 (prepared in accordance with international accounting standards) and the related statutory auditors report, respectively presented in Chapters 6, sections (pages 306 to 412) and (pages 413 to 414) of the EDF group 2015 Reference Document ; the EDF group s operating and fi nancial review for fi scal year-ended 31 December 2016, presented in Chapter 5 (pages 268 to 301) of the EDF group s 2016 Reference Document ; the EDF group s operating and fi nancial review for fi scal year-ended 31 December 2015, presented in Chapter 5 (pages 262 to 301) of the EDF group s 2015 Reference Document ;Copies of this Reference Document are available free-of-charge at EDF s registered offi ce (22-30 avenue de Wagram 75382 Paris Cedex 08) and on its website ( ), as well as on the AMF website ( ).