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Under the Euro Medium Term Note Programme ... - Finance - EDF

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Summary<br />

at any one time.<br />

Any increase to this <strong>Programme</strong> limit will require <strong>the</strong> publication of a<br />

Supplement to <strong>the</strong> Base Prospectus.<br />

Method of Issue<br />

The <strong>Note</strong>s will be issued on a syndicated or non-syndicated basis.<br />

The <strong>Note</strong>s will be issued in series (each a "Series") having one or<br />

more issue dates and on terms o<strong>the</strong>rwise identical (or identical o<strong>the</strong>r<br />

than in respect of <strong>the</strong> first payment of interest), <strong>the</strong> <strong>Note</strong>s of each<br />

Series being intended to be interchangeable with all o<strong>the</strong>r <strong>Note</strong>s of<br />

that Series. Each Series may be issued in tranches (each a<br />

"Tranche") on <strong>the</strong> same or different issue dates. The specific terms<br />

of each Tranche (which will be completed, where necessary, with<br />

<strong>the</strong> relevant terms and conditions and, save in respect of <strong>the</strong> issue<br />

date, issue price, first payment of interest and nominal amount of<br />

<strong>the</strong> Tranche, will be identical to <strong>the</strong> terms of o<strong>the</strong>r Tranches of <strong>the</strong><br />

same Series) will be completed in <strong>the</strong> final terms (<strong>the</strong> "Final<br />

<strong>Term</strong>s").<br />

Form of <strong>Note</strong>s <strong>Note</strong>s may be issued in ei<strong>the</strong>r dematerialised form<br />

("Dematerialised <strong>Note</strong>s") or in materialised form ("Materialised<br />

<strong>Note</strong>s").<br />

Dematerialised <strong>Note</strong>s may, at <strong>the</strong> option of <strong>the</strong> Issuer, be issued in<br />

bearer dematerialised form (au porteur) or in registered<br />

dematerialised form (au nominatif) and, in such latter case, at <strong>the</strong><br />

option of <strong>the</strong> relevant <strong>Note</strong>holder, in ei<strong>the</strong>r fully registered form (au<br />

nominatif pur) or administered registered form (au nominatif<br />

administré). No physical documents of title will be issued in respect<br />

of Dematerialised <strong>Note</strong>s.<br />

Materialised <strong>Note</strong>s will be in bearer materialised form ("Materialised<br />

Bearer <strong>Note</strong>s") only. A Temporary Global Certificate will be issued<br />

initially in respect of each Tranche of Materialised Bearer <strong>Note</strong>s.<br />

Materialised <strong>Note</strong>s may only be issued outside France.<br />

Initial Delivery of<br />

Dematerialised <strong>Note</strong>s<br />

Initial Delivery of<br />

Materialised <strong>Note</strong>s<br />

One Paris business day before <strong>the</strong> issue date of each Tranche of<br />

Dematerialised <strong>Note</strong>s, <strong>the</strong> lettre comptable relating to such Tranche<br />

shall be deposited with <strong>Euro</strong>clear France as central depositary.<br />

On or before <strong>the</strong> issue date for each Tranche of Materialised Bearer<br />

<strong>Note</strong>s, <strong>the</strong> Temporary Global Certificate issued in respect of such<br />

Tranche shall be deposited with a common depositary for <strong>Euro</strong>clear<br />

and Clearstream, Luxembourg or with any o<strong>the</strong>r clearing system or<br />

may be delivered outside any clearing system provided that <strong>the</strong><br />

method of such delivery has been agreed in advance by <strong>the</strong> Issuer,<br />

<strong>the</strong> Fiscal Agent and <strong>the</strong> relevant Dealer.<br />

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