Investor Presentaiton

Unédic Benefits from High Quality Ratings 5 FUNDING STRATEGY 66 → A financial rating in line with Unédic's status "Unedic has a key role in stabilising the French economy as demonstrated in its support plan in response to the pandemic, during which Unedic reimbursed a third of the furlough scheme that French companies paid to employees during lockdown. Around 11 million people benefitted from the furlough scheme between March 2020 and end-2021. The private-sector workforce represented around 20 million people at end- 2021." Published on July 10th, 2023 Fitch Ratings Source: Unédic 66 "UNEDIC operates under a highly regulated framework and benefits from strong oversight as well as repeated instances of support from the Government of France (Aa2 stable). Driven by robust payroll growth and successive reforms to the unemployment insurance system, UNEDIC will continue to post robust surpluses in the next couple of years, enabling it to reduce the sizeable debt stock accumulated during the pandemic." Published on July 11th, 2023 MOODY'S 27 INVESTOR PRESENTATION JANUARY 2024 Unédic

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