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30 15-Year Curve with French State's Explicit Guarantee Unédic secondary compared to reference curves: Yield (%) 3,25 3,00 2,75 2,50 2,25 2,00 12/2025 • 12/2027 Germany (Bund) EUR Swap 12/2029 12/2031 12/2033 12/2035 12/2037 . France (OAT) . Unédic (EMTN) INVESTOR PRESENTATION FEBRUARY 2024 5 FUNDING STRATEGY Source: Unédic, as of January 31st, 2024 Unédic

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