• verifying the consistency of the information related to the estimation of the electricity output as well as the choice of emission factors used (based on the calculation of the emission factors of the applicable electrical grids where the projects are located and the choice of emission factors by technology), should it be noted that there is no single framework defining a methodology for the calculation of CO₂ emissions avoided.
  

On the basis of our work, we have no matters to report on:

• the compliance with the four components of the Green Bond Principles of the International Capital Market Association;
• the compliance, in all material respects, of the Eligible Projects referred to in the attached document, with the eligible criteria, as defined in the Final Terms;
• the tracking of the funds raised from the Green Bond Offerings, in a dedicated portfolio of financial assets, to the allocation of such proceeds to Eligible Projects and the consistency of the amount of allocated funds to Eligible Projects as at 31 December 2019 in the context of the Green Bond Offerings, with the accounting records and data underlying the accounting records;
• the compliance, in all material respects, of the methods used by the Company to estimate the avoided CO2 emissions by the Eligible Projects financed as at 31 December 2019 with the methodology described in the section “Impact of financed Eligible Projects” of the attached document.
  

This attestation has been prepared solely for your attention within the context described above and may not be used, distributed or referred to for any other purpose.

Paris-La Défense, 13 March 2020
One of the statutory auditors