The EDF Group, which is a 50% shareholder of EDF Energies Nouvelles, is offering to buy all of the shares comprising EDF Energies Nouvelles capital that it does not currently hold, as part of a simplified alternative public offering in cash or EDF Group shares. The cash offer values EDF Energies Nouvelles at a price of €40 per share, ex dividend, representing a 10.4% premium on the last adjusted closing price on 7 April 2011 and a 23.8% premium on the 6 months average. The alternative stock offer, based on a 13 EDF Group shares, dividend rights starting January 2011, for 11 EDF Energies Nouvelles shares, ex dividend, represents a discount of 12.6% on EDF last adjusted closing price on 7 April 2011 and a premium of 11.0% on the 6 months average. EDF Energies Nouvelles shareholders will have the choice to tender their shares to any of the two offers without any limit. The deal is supported by Mouratoglou Group, EDF Group’s long-standing partner in EDF Energies Nouvelles with a 25.1% stake, who has irrevocably undertaken to contribute all of its shareholding in EDF Energies Nouvelles to the offer, with 50% in stock and the balance of his stake being tendered in cash. Mr Pâris Mouratoglou will be confirmed as Chairman of the EDF Energies Nouvelles Board of Directors.