ANNUAL RESULTS 2020

Strategy and investments ESG Renewables Regulated France Generation and supply Consolidated sales Operational data and markets DISTRIBUTION OF ELECTRICITY SALES (1) ACCORDING TO THEIR MARKET PRICE EXPOSURE ~40TWh Long-term contract -420 ~130TWh TWh At market price ~70TWh At ARENH price through ~30TWh Long-term contract ~60TWh At ARENH price through regulated tariffs (2) after cropping regulated tariffs (2) after cropping -380 ~180TWh ~110TWh At market price TWh 2019 At the minimum between market price and ARENH arbitration threshold after cropping 1 Volumes sold at the ARENH price following the cost-stacking formula in the regulated sales tariffs (essentially blue residential and non-residential tariffs) 2 Volumes sold at the market price if this price is lower than ARENH arbitration threshold (ARENH price - capacity price) and ARENH price otherwise (3), which include: The ARENH volumes that can be requested by alternative suppliers and network operators for their purchases of losses Part of the volumes (4) sold to EDF final customers under market-based contracts 2020 ~180TWh At the minimum between market price and ARENH arbitration threshold after cropping 3 Volumes sold at the market price, whatever the price, which include: Part of the volumes sold to EDF final customers: “market complement supply" in the regulated tariffs (4), balance of the volumes sold to clients under market-based contracts • Volumes sold on wholesale power markets 4 Contracts at negotiated prices that do not follow a market-indexed structure (1) Sales excluding purchase obligations volumes and volumes under long-term supply contracts. Estimated distribution based on the respective situations in 2019 and in 2020, in particular in terms of EDF downstream market shares. In 2019 and 2020, the level of cropping corresponding to ARENH over subscription (respectively 133 and 147 TWH) by alternative suppliers has been applied to downstream offers (2) Regulated electricity sales tariffs EDF ANNUAL RESULTS 2020 (4) (5) EDF is subjected to the arbitrage between the two prices and its date of exercise is variable depending on the volumes (it takes place at the latest at the time of the ARENH end of year subscription window for a delivery the following year) Related to the replication of the sourcing cost structure of alternative suppliers: shares of the volumes corresponding to the "ARENH rights" Related to the replication of the sourcing cost structure of alternative suppliers: the balancing volumes sourced on the market which exceed the "ARENH rights" 64

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