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

Risk Factors
any of the currencies or currency units involved could result in a decrease in the effective
yield on such Note and, in certain circumstances, could result in a loss of all or a substantial
portion of the principal of such Note to the investor.
Government and monetary authorities have imposed from time to time, and may in the future
impose, exchange controls that could affect exchange rates, as well as the availability, of the
specified currency in which a Note is payable at the time of payment of the principal or return
in respect of such Note.
Market value of the Notes
The market value of the Notes will be affected by the creditworthiness of the Issuer and a
number of additional factors, including the value of the reference assets or an index,
including, but not limited to, the volatility of the reference assets or an index, or the dividend
on the securities taken up in the index, market interest and yield rates and the time
remaining to the maturity date.
The value of the Notes, the reference assets or the index depends on a number of
interrelated factors, including economic, financial and political events in France or elsewhere,
including factors affecting capital markets generally and the stock exchanges on which the
Notes, the reference assets, the securities taken up in the index, or the index are traded. The
price at which a holder of the Notes will be able to sell the Notes prior to maturity may be at a
discount, which could be substantial, from the issue price or the purchase price paid by such
purchaser. The historical market prices of the reference assets or an index should not be
taken as an indication of the reference assets' or an index's future performance during the
term of any Note.
Change of law
The Terms and Conditions of the Notes are based on French law in effect as at the date of
this Base Prospectus. No assurance can be given as to the impact of any possible judicial
decision or change in French law or the official application or interpretation of French law
after the date of this Base Prospectus.
2. Risks related to the structure of a particular issue of Notes
The Programme allows for different types of Note to be issued. Accordingly, each Tranche
may carry varying risks for potential investors depending on the specific features of such
Notes such as, inter alia, the provisions for computation of periodic interest payments, if any,
redemption and issue price.
Optional redemption
Unless in the case of any particular Tranche the relevant Final Terms specify otherwise, in
the event that the Issuer would be obliged to increase the amounts payable in respect of any
Notes due to any withholding or deduction for or on account of, any present or future taxes,
duties, assessments or governmental charges of whatever nature imposed, levied, collected,
withheld or assessed by the country of domicile (or residence for tax purposes) by the Issuer,
or on behalf of France, or any political subdivision thereof or any authority therein or thereof
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