EDF - Further information regarding the evolution of EDF shareholding in RTE (en)

Pursuant to the Law dated June 28, 2006, on the securing of the financing of nuclear expenses, EDF must build up a portfolio of dedicated assets enabling the Group to meet its future costs in terms of decommissioning of existing nuclear power plants as well as in respect of radioactive waste storage.

As of December 31, 2009, the total amount invested in dedicated assets stood at € 11.4 Billion, broken down as follows: 37% stocks, 51% bonds and 12% of closed-end funds and money market funds.

In order to reduce the volatility of the portfolio in the build up phase, EDF is considering an investment in infrastructure assets, providing steady dividends that would enable to meet very long term liabilities.

It is against this background that EDF is studying the possibility to allocate 50% of RTE to its dedicated assets portfolio.

This allocation would not change the fact that RTE would remain 100%-owned by EDF Group. It would confirm the integrated business model favoured by EDF.

No insurance can be given at this stage as to the completion of such project currently under review.

EDF Press
+33 (0)1 40 42 46 37 (24D/7J)
Capucine Leroux: +33 (1) 40 42 34 60