France's EDF now owns 96.7% of renewable energy developer EDF Energies Nouvelles following successful tender offer

PARIS , June 23, 2011 (press release) – Today, the Autorité des marchés financiers (AMF) published the results of the simplified alternative public cash or exchange offer made by EDF on EDF Energies Nouvelles. Over the course of the offer, which took place from 27 May to 16 June 2011, EDF acquired 26,120,745 shares of EDF Energies Nouvelles under the cash offer and 10,107,686 shares of EDF Energies Nouvelles under the exchange offer. Including the shares held before the offer began, the EDF group now holds 75,012,639 shares accounting for 96.71 % of EDF Energies Nouvelles share capital and voting rights on the basis of the company's capital comprised of 77,568,416 shares representing an equal amount of voting rights.

The shares that were not tendered in the offer initiated by EDF accounting for less than 5% of the share capital and the voting rights of EDF Energies Nouvelles, EDF intends to request from the AMF a squeeze-out of EDF Energies Nouvelles shares within a 3-month timeframe starting at the end of the offer period, i.e. 16 September 2011 at the latest, for a compensation equal to the price of the simplified public cash offer, i.e. 40 euros per share of EDF Energies Nouvelles. The squeeze-out shall be subject to a prior compliance ruling by the AMF and a report from an independent expert must be obtained.

The AMF and Euronext will publish the timetable and the procedure for the squeeze-out. After the squeeze-out has been carried out, EDF Energies Nouvelles will be delisted from Euronext Paris.
Henri Proglio, Chairman and CEO of EDF, said: "The success of this tender offer represents a new step forward in EDF's commitment towards low-carbon energies. This operation will serve EDF's ambition to reach a diversified energy mix by 2020, of which 25 % of renewable energies including hydro".

EDF Group, one of the leaders in the energy market in Europe, is a comprehensive energy service provider with operations in every business, including energy generation, transport, distribution, trading and sales. The Group is the leading electricity producer in Europe. In France, it mainly has nuclear and hydraulic production facilities, with an electricity output that is 95% free of CO2 emissions. EDF's transport and distribution subsidiaries operate 1,285,000 km of low and medium voltage overhead and underground electricity lines and around 100,000 km of high and very high voltage networks. The Group is involved in supplying energy and services to more than 28 million customers in France.
The Group generated consolidated sales of €65.2 billion in 2010, of which 44.5% in France. EDF is listed on the Paris Stock Exchange and is a member of the CAC 40 index.

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