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SALES AND HIGHLIGHTS FIRST QUARTER

Disclaimer This presentation does not constitute an offer to sell securities in the United States or any other jurisdiction. No reliance should be placed on the accuracy, completeness or correctness of the information or opinions contained in this presentation, and none of EDF representatives shall bear any liability for any loss arising from any use of this presentation or its contents. The present document may contain forward-looking statements and targets concerning the Group’s strategy, financial position or results. EDF considers that these forward-looking statements and targets are based on reasonable assumptions as of the present document publication, which can be however inaccurate and are subject to numerous risks and uncertainties. There is no assurance that expected events will occur and that expected results will actually be achieved. Important factors that could cause actual results, performance or achievements of the Group to differ materially from those contemplated in this document include in particular the successful implementation of EDF strategic, financial and operational initiatives based on its current business model as an integrated operator, changes in the competitive and regulatory framework of the energy markets, as well as risk and uncertainties relating to the Group’s activities, its international scope, the climatic environment, the volatility of raw materials prices and currency exchange rates, technological changes, and changes in the economy. Detailed information regarding these uncertainties and potential risks are available in the reference document (Document de référence) of EDF filed with the Autorité des marchés financiers on 14 April 2015, which is available on the AMF's website at www.amf-france.org and on EDF’s website at www.edf.com. EDF does not undertake nor does it have any obligation to update forward-looking information contained in this presentation to reflect any unexpected events or circumstances arising after the date of this presentation. 2

First quarter 2015: operating and strategic highlights  Group sales organic evolution: +1.8% vs. Q1 2014 Good operating □ French nuclear output: +3.3TWh, +2.9% vs. Q1 2014 conditions □ Return to normal weather conditions, impacting Group sales vs. Q1 2014  EDF Luminus □ Acquisition (1) of a majority stake in ATS SA announced on 24 April 2015, to become a Belgian leading player in energy services  Dalkia Selective □ Acquisition of the Cesbron group finalised on 24 March 2015, expert in energy developments services related to industrial and commercial refrigerating  EDF Énergies Nouvelles □ Business development in Chile (partnership in a 146MWp solar project) and Brazil (majority stake in a 800MW wind project portfolio) (1) Subject to the approval of the relevant competition authorities 3

Group sales increase mainly driven by France In millions of euros Organic growth: +1.8% (1) -312 +83 -3 +623 UK +369 Other Italy +894 France Scope Forex  Other International: - € 7m Mainly Dalkia (+ € 833m)  Other Activities: + € 90m 22,859 21,205 Mainly UK (+ € 321m) Q1 2014 Q1 2015 (1) Organic growth at constant scope and exchange rates 4

Sales in France mainly driven by colder weather compared to a particular mild Q1 2014 In millions of euros Organic growth: +5.1% (1) +208 -265 -90 +680 Tariffs Other Weather Scope (2) (+8.4TWh)  End-customers electricity: - € 179m  Wholesale markets  ERDF (TURPE): - € 53m and ARENH supply : - € 86m 12,714  Tariffs energy component: + € 261m 12,181 Q1 2014 Q1 2015 (1) Organic growth at constant scope and exchange rates 5 (2) French scope effect linked to the transfer of upstream gas portfolio management to “Other activities” with no impact at G roup level

France: upstream/downstream electricity balance ∆ Q1 2015 ∆ Q1 2015 In TWh vs. Q1 2014 vs. Q1 2014 Output/Purchases Sales 147 147 +3.0 +3.0 +0.6 13 +9.2 Purchase obligations Net market sales 15 -0.7 LT & structured purchases 2 ARENH supply 8 -10.7 +1.1 Thermal 3 Structured sales, 11 -1.3 Hydropower 12 -0.9 auctions & other 118 Nuclear End-customers 112 +5.4 +3.3 EDF excluding French electrical islands business 6

Increase in nuclear output in France thanks to good availability and return to normal weather conditions In TWh +2.9% Cumulative output 2014 Cumulative output 2015 118.2 +2.7% 114.9 81.2 79.1 +2.6% 43.8 42.7 January February March Nuclear output: 410 - 415 TWh target reiterated for 2015 7

Less favourable hydro conditions in France than in 2014 In TWh Cumulative output (1) 2014 Seasonal mins. -10.8% and maxs. Cumulative output (1) 2015 Normal hydro 180% 2004 -2014 levels 12.0 10.7 140% 2014 -8.9% 7.9 7.2 100% -10.5% 2015 3.8 60% 3.4 20% January February March January March June September December (1) Hydropower output net of pumping 8

United Kingdom: higher nuclear output partly offset by lower B2C product accounts In millions of euros ∆% ∆% Org. (1) Q1 2014 Q1 2015 2,922 3,240 10.9% -0.1% Sales Higher nuclear output (+0.8TWh vs. Q1 2014) thanks to good operational performance  offsetting expected reduced load at Heysham 1 and Hartlepool B2C decrease in electricity sales due to a lower product accounts average  at 5.5m (-3.8%), partially mitigated by a positive weather effect on gas sales (1) Organic growth at constant scope and exchange rates 9

Italy: sales decrease due to a lower price environment In millions of euros Italy ∆% ∆% Org. (1) Q1 2014 Q1 2015 Fenice, Edison 3,574 3,261 -8.8% -8.7% Sales Electricity activity: decrease in sales due to unfavourable Italian power prices effects  Hydrocarbons activity: positive weather effect on volumes sold to residential customers  and strong activity on wholesale markets, despite a negative evolution in prices Decline in hydro output (-0.3TWh i.e. -34%) due to weather conditions  (1) Organic growth at constant scope and exchange rates 10

Other International: decline in sales in Poland and Hungary, partly offset by favourable evolution in Belgium In millions of euros  Belgium ∆% ∆% Q1 2014 Q1 2015 □ Gas: positive weather impact on volumes sold, Org. (1) balanced by decreasing prices 1,703 1,718 0.9% -0.4% Sales □ Electricity: decrease in volumes sold on wholesale markets 1,718 1,703  Central and Eastern Europe □ Poland +1.2% (1) Belgium 1,035 1,023 Higher wholesale market prices in electricity, more than offset by lower electricity volumes mostly due to modernisation work at Rybnik Central & Eastern Europe powerplant -3.6% (1) 451 467 Other (Brazil, Asia, etc.) □ Hungary -0.9% (1) 232 213 Sales impacted by decreasing tariffs Q1 2014 Q1 2015 (1) Organic change at constant scope and exchange rates 11

Other Activities: increase in sales of renewable and gas In millions of euros  Dalkia ∆% ∆% □ Favourable weather conditions (2) Q1 2014 Q1 2015 Org. (1) 825 1,926 133.5% 10.9%  EDF Énergies Nouvelles Sales □ Growth in the Operation & Maintenance business 1,926  EDF Trading □ Positive price trend in Europe, broadly offset Dalkia by lower activity in the US compared to Q1 2014 833 825 EDF Énergies Nouvelles  Other 203 EDF Trading +2.8% (1) □ Gas: positive weather impact on volumes sold 279 181 -6.9% (1) Other (Gas business, compared to 2014 290 ES, etc.) 611 +29.7% (1) □ ES (Électricité de Strasbourg): higher power 354 and gas volumes thanks to colder weather than in Q1 2014 Q1 2015 Q1 2014 (1) Organic change at constant scope and exchange rates 12 (2) With no impact on Group organic growth

2015 guidance and 2018 roadmap confirmed EBITDA growth (1) 0 to 3%  Net financial debt/EBITDA  2015 2x – 2.5x Payout ratio of Net income excluding  55% – 65% non-recurring items (2) 2018 Cash flow after dividends (3) Positive in 2018  roadmap (1) At constant scope and exchange rates, and excluding the impacts on 2014 EBITDA of the adjustment in 2012-2013 regulated tariffs (2) Adjusted for interest payments on hybrid bonds booked in equity 13 (3) Excluding Linky

SALES AND HIGHLIGHTS FIRST QUARTER