Universal Registration Document 2020

We have the following comment on the Board of Directors’ supplementary report: this report specifies that the issue price of the Green OCEANE Bonds and therefore the shares to be issued was set at the end of the standard book-building with qualified investors. This issue price is – by definition – the result of the supply and demand for the securities.

Therefore, we cannot express an opinion on the issue price calculation inputs for the shares to be issued and the definitive amount, the presentation of the issue’s impact on the situation of holders of equity securities assessed in relation to equity, the share price, and, accordingly, the cancellation of preferential subscription rights previously submitted for your approval.

Pursuant to the law, we inform you that this supplementary report could not be made available to shareholders within the timeframe stipulated in Article R. 225-116 of the French Commercial Code.