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

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TERMS AND CONDITIONS OF THE NOTES<br />

The following is <strong>the</strong> text of <strong>the</strong> terms and conditions that, subject to completion and as<br />

supplemented in accordance with <strong>the</strong> provisions of Part A of <strong>the</strong> relevant Final <strong>Term</strong>s, shall<br />

be applicable to <strong>the</strong> <strong>Note</strong>s. In <strong>the</strong> case of Dematerialised <strong>Note</strong>s, <strong>the</strong> text of <strong>the</strong> terms and<br />

conditions will not be endorsed on physical documents of title but will be constituted by <strong>the</strong><br />

following text as completed by Part A of <strong>the</strong> relevant Final <strong>Term</strong>s. In <strong>the</strong> case of Materialised<br />

<strong>Note</strong>s, ei<strong>the</strong>r (i) <strong>the</strong> full text of <strong>the</strong>se terms and conditions toge<strong>the</strong>r with <strong>the</strong> relevant<br />

provisions of Part A of <strong>the</strong> Final <strong>Term</strong>s or (ii) <strong>the</strong>se terms and conditions as so completed or<br />

supplemented (and subject to simplification by <strong>the</strong> deletion of non-applicable provisions),<br />

shall be endorsed or attached on Definitive Materialised Bearer <strong>Note</strong>s. All capitalised terms<br />

that are not defined in <strong>the</strong>se Conditions will have <strong>the</strong> meanings given to <strong>the</strong>m in Part A of <strong>the</strong><br />

relevant Final <strong>Term</strong>s. References in <strong>the</strong> Conditions to "<strong>Note</strong>s" are to <strong>the</strong> <strong>Note</strong>s of one Series<br />

only, not to all <strong>Note</strong>s that may be issued under <strong>the</strong> <strong>Programme</strong>.<br />

The <strong>Note</strong>s are issued by Electricité de France (<strong>the</strong> "Issuer") with <strong>the</strong> benefit of an amended<br />

and restated agency agreement dated 1 June 2012 between <strong>the</strong> Issuer, Société Générale as<br />

fiscal agent and <strong>the</strong> o<strong>the</strong>r agents named in it (as amended or supplemented from time to<br />

time, <strong>the</strong> "Amended and Restated Agency Agreement"). The fiscal agent, <strong>the</strong> paying<br />

agents, <strong>the</strong> redenomination agent, <strong>the</strong> consolidation agent and <strong>the</strong> calculation agent(s) for<br />

<strong>the</strong> time being (if any) are referred to below respectively as <strong>the</strong> "Fiscal Agent", <strong>the</strong> "Paying<br />

Agents" (which expression shall include <strong>the</strong> Fiscal Agent), <strong>the</strong> "Redenomination Agent",<br />

<strong>the</strong> "Consolidation Agent" and <strong>the</strong> "Calculation Agent(s)".<br />

References below to "Conditions" are, unless <strong>the</strong> context requires o<strong>the</strong>rwise, to <strong>the</strong><br />

numbered paragraphs below.<br />

A copy of <strong>the</strong> Amended and Restated Agency Agreement is available for inspection during<br />

normal business hours at <strong>the</strong> specified offices of each of <strong>the</strong> Paying Agents.<br />

For <strong>the</strong> purpose of <strong>the</strong>se Conditions, "Regulated Market" means any regulated market<br />

situated in a Member State of <strong>the</strong> <strong>Euro</strong>pean Economic Area ("EEA") as defined in <strong>the</strong><br />

Markets in Financial Instruments Directive 2004/39/EC and as listed on <strong>the</strong> website of<br />

<strong>Euro</strong>pa (http://ec.europa.eu/internal_market/securities/isd/mifid_fr.htm#reg_markets).<br />

1. Form, Denomination(s), Title, Redenomination<br />

(a)<br />

Form: <strong>Note</strong>s may be issued ei<strong>the</strong>r in dematerialised form ("Dematerialised<br />

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

(i)<br />

Title to Dematerialised <strong>Note</strong>s will be evidenced in accordance with<br />

Article L.211-3 of <strong>the</strong> French Code monétaire et financier by book<br />

entries (inscriptions en compte-titres). No physical document of title<br />

(including certificats représentatifs pursuant to Article R.211-7 of <strong>the</strong><br />

French Code monétaire et financier) will be issued in respect of <strong>the</strong><br />

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

Dematerialised <strong>Note</strong>s are issued, at <strong>the</strong> option of <strong>the</strong> Issuer and as<br />

specified in <strong>the</strong> relevant final terms ("Final <strong>Term</strong>s"), in ei<strong>the</strong>r bearer<br />

dematerialised form (au porteur), which will be inscribed in <strong>the</strong> books<br />

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