Investor Presentaiton

30 15-Year Curve with French State's Explicit Guarantee Yield (%) Unédic secondary compared to reference curves: 4.00 3.75 3.50 3.25 3.00 2.75 2.50 12/2025 12/2027 12/2029 12/2031 12/2033 12/2035 12/2037 Germany (Bund) France (OAT) • EUR Swap • Unédic (EMTN) INVESTOR PRESENTATION JANUARY 2024 5 FUNDING STRATEGY Source: Unédic, as of December 31st, 2023 Unédia

View entire presentation