Universal Registration Document 2021

Holders of these bonds have the right to convert them into new EDF shares and/or
exchange them for existing EDF shares.

The conversion and/or exchange ratio was set at one share per bond, subject to the
standard adjustments including anti-dilution and dividend protections as described
in the terms of the issue. For the 2020 dividend distribution to EDF shareholders,
the conversion/exchange rate was raised to 1.018 EDF share per bond from 7 June 2021, and when the interim dividend for 2021 was paid, the conversion/exchange
ratio was raised to 1.042 EDF share per bond from 2 December 2021.

The bonds may be redeemed prior to maturity at the option of the Company, subject
to certain conditions.

Unless previously converted, exchanged, redeemed or repurchased and cancelled,
the bonds will be redeemed at nominal value when they reach maturity.

18.3.3 Loans and financial liabilities by maturity, currency and interest rate

18.3.3.1 Maturity of loans and financial liabilities

(in millions of euros)	Bonds	Loans from financial institutions	Other financial liabilities	Lease liability	Accrued Interest	Total
Less than one year	Less than one year Bonds 2,845	Less than one year Loans from financial institutions 512	Less than one year Other financial liabilities 10,270	Less than one year Lease liability 654	Less than one year Accrued Interest 790	Less than one year Total15,071
From one to five years	From one to five years Bonds 11,039	From one to five years Loans from financial institutions 1,877	From one to five years Other financial liabilities 335	From one to five years Lease liability 2,071	From one to five years Accrued Interest 122	From one to five years Total 15,444
More than five years	More than five years Bonds 35,358	More than five years Loans from financial institutions 1,301	More than five years Other financial liabilities 387	More than five years Lease liability 1,612	More than five years Accrued Interest 233	More than five years Total 38,891
LOANS AND OTHER FINANCIAL LIABILITIES AT 31/12/2021	LOANS AND OTHER FINANCIAL LIABILITIES AT 31/12/2021Bonds49,242	LOANS AND OTHER FINANCIAL LIABILITIES AT 31/12/2021Loans from financial institutions3,690	LOANS AND OTHER FINANCIAL LIABILITIES AT 31/12/2021Other financial liabilities10,992	LOANS AND OTHER FINANCIAL LIABILITIES AT 31/12/2021Lease liability4,337	LOANS AND OTHER FINANCIAL LIABILITIES AT 31/12/2021Accrued Interest1,145	LOANS AND OTHER FINANCIAL LIABILITIES AT 31/12/2021Total69,406

The non-discounted lease liability matures as follows:

		31/12/2021			31/12/2020
		Maturity
(in millions of euros)	Total	< 1 year	1-5 years	> 5 years	Total
NON-DISCOUNTED CONTRACTUAL CASH FLOWS	4,899	722	2,217	1,960	4,883

18.3.3.2 Breakdown of loans and other financial liabilities by currency

The breakdown of loans and other financial liabilities by currency includes the effect of derivatives classified as hedges (of debts in foreign currencies and net investments in foreign subsidiaries) under IFRS 9.

At 31 December 2021

	31/12/2021
	Initial debt structure		Impact of hedging instruments	Debt structure after hedging
(in millions of euros)	amount	% of debt	amount	amount	% of debt
Euro (EUR)	38,003	55%	11,119	49,122	71%
American dollar (USD)	18,128	26%	(12,910)	5,218	7%
Pound sterling (GBP)	10,018	14%	2,410	12,428	18%
Other	3,257	5%	(619)	2,638	4%
LOANS AND OTHER FINANCIAL LIABILITIES	69,406	100%	-	69,406	100%

At 31 December 2020

	31/12/2020
	Initial debt structure		Impact of hedging instruments	Debt structure after hedging
(in millions of euros)	amount	% of debt	amount	amount	% of debt
Euro (EUR)	36,241	55%	11,798	48,039	73%
American dollar (USD)	16,735	26%	(10,958)	5,777	9%
Pound sterling (GBP)	9,996	15%	537	10,533	16%
Other	2,619	4%	(1,377)	1,242	2%
LOANS AND OTHER FINANCIAL LIABILITIES	65,91	100%	-	65,591	100%