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

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Recent Events from approximately 50% to slightly more than 80% and, with the termination of its shareholders agreement with Delmi, EDF is now in sole control of Edison. Simultaneously with EDF's acquisition of control of Edison, Delmi completed, under its previously announced parallel contract, the acquisition from Edison of 50% of Edipower for €684M and from Alpiq of 20% of Edipower for €200M. At the same time, Edipower is completing the reimbursement to Edison and Alpiq of the shareholder loans previously provided by them to Edipower. As previously announced, as a result of the change in control of Edison, EDF will launch a mandatory tender offer for the benefit of the holders of the 19.360% of Edison's ordinary shares that EDF does not own at €0.89 per ordinary share. A courtesy translation of the description required under Italian stock market regulation of the mandatory tender offer will soon be available on Edison's website at www.edison.it. 4. 15 May 2012 - EDF launches Electranova Capital, an investment fund for energy start-ups specialising in innovative technologies that respect the environment EDF joined forces with Idinvest Partners, a well-known expert when it comes to funding SMEs, to create a venture capital fund called Electranova Capital. The aim of this fund, endowed with a minimum investment capacity of €60 million, is to encourage the emergence of innovative projects focusing on new technologies with a view to embracing the challenge of a low-carbon energy model, for both energy production and usage. The goal of this fund is to finance innovative young companies in the energy sector with strong potential for growth, both in France and in Europe, via minority shareholdings. EDF has defined the investment scope of the fund, and will contribute its own expertise in “cleantech” solutions. The fund will be managed autonomously in accordance with the industry’s best practices. EDF is contributing €30 million to Electranova Capital and Allianz, the first financial investor to be won over by the ambition and approach adopted by the fund, is committing €10 million to the project. Comprehensive discussions are underway with other prestigious partners who are keen to be involved in this project alongside EDF, and the search for investors will continue throughout 2012. The creation of this venture capital fund fits in perfectly with the worldwide context of an ever-evolving energy mix, characterised by countless innovations. New questions are being asked, particularly about the development of smart grids, the arrival of electric vehicles, advances in energy efficiency and renewable energy, and electricity storage… EDF, with its over 2,000 strong R&D team, is actively involved in these issues, investing in research into new technologies and innovative business models. Start-ups also play a vital part in innovation. Knowing about and encouraging the development of these start-ups is becoming a new challenge for large companies. This project will also provide an opportunity for start-ups to forge ties and nurture partnerships with EDF R&D and the group’s other departments. -124 -
Recent Events The launch of this fund ties in with the whole EDF group’s innovation policy, which is committed to strategic contributions to a number of funds specialising in technologies that respect the environment around the world, particularly in North America (Chrysalix in Canada) and China (Tsing Capital), helping to establish a comprehensive overview of Clean Technology innovations around the world. "EDF R&D is already very involved in projects focusing on the development of renewable energies, storage, smart grids, electric vehicles and energy efficiency, and with Electranova Capital, it is keen to consolidate its commitment to innovation and contribute to an industrial impetus in technology that respects the environment", announced Bernard Salha, EDF’s R&D director. "By funding innovative start-ups, the EDF group’s goal is to identify new technologies and business models in order to improve performance, and see new products and prospects for growth emerge", explains Thomas Piquemal, the EDF group’s finance director. 5. Quarterly financial information • First quarter 2012 sales: €20.8 billion, +6.5% organic growth • 2012 targets and 2011-2015 20 financial outlook confirmed by the Group EDF sales trends Henri Proglio, Chairman and CEO of EDF, stated: “First quarter growth in our sales is due to a solid performance by the nuclear fleet in France, on which basis we are confirming our 2012 output target of between 420 and 425 TWh. This result was achieved by mobilising all our means of production during the cold snap, and in particular a significant improvement in hydropower output, despite unfavourable weather conditions. The first quarter also featured the strengthening of the Group in renewable energies and gas, through the three French offshore wind energy calls for tenders won, and the finalisation of the Edison takeover, which makes EDF a major power generator in Italy. This country is set to become EDF’s gas platform and its base of development in the Mediterranean region.” 20 Excluding the potential impact of Edison PPA -125 -
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€30,000,000,000 EURO MEDIUM TERM
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This Base Prospectus (together with
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amended, all references to "U.S.$",
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SUMMARY This summary (the "Summary"
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Summary Year Ended 31 December 2011
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Summary Currencies Status Negative
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Summary listed and admitted to trad
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Summary risk of a change of law Th
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Résumé intentée devant un tribun
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Résumé Permanents" désigne les
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Résumé Pledge) sera prévue. Cas
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Résumé l'émission indiqueront si
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Résumé ladite directive. les ris
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Risk Factors The Issuer may from ti
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Risk Factors withholding tax. If a
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Risk Factors any of the currencies
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Risk Factors Notes issued at a subs
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Risk Factors foreign exchange and o
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Risk Factors Risks associated with
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Risk Factors Risks associated with
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Risk Factors and critical infrastru
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Risk Factors Hydropower generation
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Risk Factors Increased competition
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Risk Factors Furthermore, available
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Risk Factors managed pension funds
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Risk Factors A serious nuclear acci
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Risk Factors modifications to all o
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Risk Factors A decision by the Fren
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Risk Factors materials and waste co
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Risk Factors In the field of nuclea
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Risk Factors commercial and industr
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Risk Factors However, it cannot gua
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DOCUMENTS INCORPORATED BY REFERENCE
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Documents incorporated by reference
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SUPPLEMENT TO THE BASE PROSPECTUS I
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Temporary Global Certificates issue
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Page 111 and 112: DESCRIPTION OF THE ISSUER Detailed
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General Information For so long as
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VISA OF THE AUTORITÉ DES MARCHÉS
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VISA DE L'AUTORITE DES MARCHES FINA
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LEGAL ADVISERS To the Issuer Hogan
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Under the Euro Medium Term Note Programme ... - Finance - EDF

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