MEMO ENGLISH VERSION

P02 RTE in 2015P03 ProfileP04 The grid

P06 Flow of electricityP08 GenerationP10 Consumption & exchange

P12 Electricity marketP14 EuropeP16 Major achievements in 2015P18 Major ten-year projects

P20 Financial results for the RTE Group

P22 RTE Group organizational structure as of January 2016

P24 Organization of RTE as of 1st June 2016

1, terrasse Bellini TSA 4100092919 La Défense Cedex

www.rte-france.com

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Ta b l e o f C o n t e n t s

RTE in 2015 ProfilTwenty-four hours a day, seven days a week, we convey electricity from suppliers to consumers, at the best cost for our customers and the community.

As both an architect and a designer of the electricity market, we devise solutions to optimise its operation and infrastructures.

We employ innovative methods to adapt the network to the challenges of energy transition.

We are a key player in electricity in Europe, with 50 cross-border links that provide essential opportunities for exchange and allow us to optimise the electricity system in economic terms.

We work constantly with our partners at a local, national and European level.

We are 8,500 experts in varied and complementary areas of activity.

We are RTE, the grid for smart power.Find out how we use our ingenuity to benefit our customers at www.rte-france.com

€4,593 millionturnover

€215 millionnet income

8,500employees

3

STANDARDIZED VOLTAGE≤ 150 KV

STANDARDIZED VOLTAGE400 KV AND 225 KV

Number of RTE substations

721 1,989

400 kV 225 kV ≤ 150 kV

24 new substations

Including 17 RTE substations and 7 customer substations

Overhead lines (km) Underground lines (km)

Overhead and underground lines

60,000

50,000

40,000

30,000

20,000

10,000

0

21,8

15

25,6

16

52,9

81

3,74

4

RTE’s grid

625 km of new or refurbished lines

in 2015

97 % of new 90 kV and 63 kV lines commissioned between 2013 and 2015 are underground

1,28

7

5

5

The flow of electricity

through RTE’s grid

495 TWh*total energy injected into the network

by generation units in 2015

*billions of kWh

1.4

Net energy injected on the RTE grid in TWh

Total netenergy injected

Nuclear

Hydro- electric

Fossil Fuel

Thermal

Wind

Other renewable energy

sources*

In 2014 In 2015

600

500

400

300

200

100

0

53.5

61.8

22.2

14.4

1.4

1.3

0.9

* Mainly: urban waste, paper manufacturing waste, biogas, photovoltaic

416.

8

415.

9

495.

1

494.

5

Total netdelivery Distribution

networks

Direct customers

PumpingExchange (exports)

Net delivery on the RTE grid in TWh

In 2014 In 2015

500

400

300

200

100

0

64.6

64.7

64.3

67.6

6.8

7.8

484.

8

483.

9

349.

1

343.

9

Total Distribution

networks

Direct customers

PumpingExchange (exports)

Net delivery corrected for extreme weather in TWh

In 2014 In 2015

500

400

300

200

100

0

64.6

64.7

64.3

67.6

6.8

7.8

489.

9

496.

8

354.

2

356.

7

Losses in 2015

10.7 TWhor 2.10%

7

Generation

+24.5%Wind and photovoltaic

generation in 2015 (compared with 2014)

Installed power in MW in France

Energy generated in TWh in France

Evolution of wind and photovoltaicgeneration in MW

Installed wind capacity as of 31 December

Installed photovoltaic capacity as of 31 December

10,000

8,000

6,000

4,000

2,000

0

2014 20152005 2006 2007 2008 2009 2010 2011 2012 2013

752

0

1,502

4

2,250

7

3,327

61

4,574

195

5,764

874

6,714

2,584

7,536

3,727

8,1579,313

10,312

5,297

6,191

4,366

25,421Hydro-electric

58.7 Hydro-electric (10.8%)

63,130Nuclear

416.8 Nuclear (76.3%)

10,312Wind

21.1 Wind (3.8%)

1,703Bioenergy

7.9 Bioenergy (1.5%)

6,191Photovoltaic

7.4 Photovoltaic (1.4%)

22,553Fossil fuel thermal

34.1 Fossil fuel thermal (6.2%)

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Consumption & exchange

475.4 TWhFrench consumption in 2015

History of annual consumption peaks in France

in GW

The data correspond to the highest peak demand of the year.

105

92.5

80

2014 20152005 2006 2007 2008 2009 2010 2011 2012 2013

82.5

91.6

86 86.3

88.9

84.4

92.4

96.7

91.8

102.1

92.6

History of french grossannual consumption in TWh

2014 20152003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

600

500

400

300

200

100

0

465.

3

475.

4

468.

4

479.

6

483.

2

478.

4

480.

4

494.

5

486.

7

513.

1

478.

8

489.

5

495.

0

2009 2011 2012 2013 20152014

70

60

50

40

30

20

10

0

25.7

30.5

56.9

45.3

48.5

67.2

63.7

Net physical export balance in TWh

2010

11

The electricity market

Annual volume of power exchanged on the market in TWh (EPEX SPOT)

2014

67.82015

106.9

195 Balance responsible entities

as of 31 December 2015

+ 3 compared with 2014

2015 results of the balancing mechanism (used to adjust power

supply and demand)2.84 TWh

0

-4.34 TWh

TOTAL EXPORTS = 91,3

TOTAL IMPORTS = 29,6 * Central West Europe (CWE): the area covering France, Belgium, Germany, Luxembourg and the Netherlands, where electricity market prices have been aligned since 2010

Contractual cross-border exchanges in 2015 in TWh

FRANCE

CWE*

SWITZERLAND

ITALY

SPAIN

GREAT BRITAIN15.9

1.8

13.420.1

12

25.9

20.1

0.4

9.3

2

52Number of balancing entities

as of 31 December 2015

Breakdown of the adjustment mechanism for year 2015 in TWh

1,500,000

1,000,000

500,000

0

-500,000

-1,000,000

-1,500,000

-2,000,000

Hydro- electric

Nuclear

Fossil fuel thermal

TSO-Player exchanges

Consumption load-shedding

TSO-TSO exchanges

(Balit/Support)

Activated Submitted

13

Europe

50cross-border links between France

and neighbouring countries

10,000 MWof interconnection capacity

with our European neighbours

Average daily prices on the electricity markets in 2015

Europe is the most interconnected region in the world

600 million consumers

3,300 TWh of electricity generated in 2015

more than300,000 km

of extra high-voltage lines

354 interconnecting lines in Europe

Great Britain€ 55,7 /MWh

Nord Pool€ 21,0 /MWh

Netherlands€ 40,0 /MWh

Germany€ 31,6 /MWh

Italy€ 52,3 /MWh

Belgium€ 44,7 /MWh

France€ 38,5 /MWh

Switzerland€ 40,3 /MWh

Spain€ 50,3 /MWh

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MELUN

VESOUL

NEVERS

ALENÇON

CAHORS

METZ

ANNECY

PAUTARBES

ARRAS

BELFORT

CHATEAUROUX

VERSAILLES

COLMAR

PARISBAR-LE-DUC

LE MANS

BEAUVAIS

CLERMONT-FERRAND

NANTES

LIMOGES

NIMES

ORLEANS

RENNES

AVIGNON

AGEN

CHAUMONT

TOURS

CHALONS-EN-CHAMPAGNE

GRENOBLE

AUCH

VANNES

LAVAL

SAINT-LOCAEN

CHARTRES

MONTAUBAN

CHARLEVILLE-MEZIERES

TOULOUSE

LA ROCHELLE

ANGOULEME

MACON

CARCASSONNE

FOIX

AUXERRE

ROUEN

BOURG-EN-BRESSE

POITIERS

PONTOISE

DIJON

EVRY

EPINAL

AMIENS

PERPIGNAN

LYONS

TOULON

PERIGUEUX

BOURGES

LONS-LE-SAUNNIER

RODEZ

TULLE

ALBI

LE PUY-EN-VELAY

MOULINS

EVREUX

GAP

STRASBOURG

CHAMBERY

BLOIS

MENDE

LILLE

LA ROCHE-SUR-YON

QUIMPER

NIORT

GUERET

NANTERRE BOBIGNY

CRETEIL

SAINT-BRIEUC

SAINT-ETIENNE

PRIVAS

ANGERS

BESANÇON

DIGNE-LES-BAINS

NICE

BORDEAUXVALENCEAURILLAC

LAON

TROYES

MARSEILLES

NANCY

MONT-DE-MARSAN

MONTPELLIER

Production integration in Champagne-Ardenne

Voltage management in Northern France

Voltage management in Normandy and Western Paris

Seine-et-Marnepower supply

Electricity supply PACA (safety net)

Voltage management in Eastern PACA

Stability of grid in Lower Rhone Valley

Côtes-d’Armorpower supply

Bretagnepower supply

Southern Pays de Loirepower supply

Increase in traffic on LGV Sud-Est high-speed rail line

Voltage management in Eastern France

Bourgespower supply

Production integration in PACA

Voltage management in South-Western France

Perpignanpower supply

France-Spain interconnection in Eastern Pyrenees

Bordeauxpower supply

Pays de Retzpower supply

Pays mantoispower supply

EXISTING NETWORK

Refurbishment of lines

Construction of new lines

Project being studied

AIM

Combined cycle gas turbines

Renewable energy

Tidal power

GENERATION CONNECTION

Substation projects and connections are represented by pictograms.

Management of low voltage levelsManagement of high voltage levelsShort-circuit current controlNetwork stability

SECURITY OF THE ELECTRIC SYSTEM

SUPPLY SECURITY

INTERCONNECTIONS

400 kV line225 kV line

Major achievements in 2015

17

MELUN

VESOUL

NEVERS

ALENÇON

CAHORS

METZ

ANNECY

PAUTARBES

ARRAS

BELFORT

CHATEAUROUX

VERSAILLES

COLMAR

PARISBAR-LE-DUC

LE MANS

BEAUVAIS

CLERMONT-FERRAND

NANTES

LIMOGES

NIMES

ORLEANS

RENNES

AVIGNON

AGEN

CHAUMONT

TOURS

CHALONS-EN-CHAMPAGNE

GRENOBLE

AUCH

VANNES

LAVAL

SAINT-LOCAEN

CHARTRES

MONTAUBAN

CHARLEVILLE-MEZIERES

TOULOUSE

LA ROCHELLE

ANGOULEME

MACON

CARCASSONNE

FOIX

AUXERRE

ROUEN

BOURG-EN-BRESSE

POITIERS

PONTOISE

DIJON

EVRY

EPINAL

AMIENS

PERPIGNAN

LYONS

TOULON

PERIGUEUX

BOURGES

LONS-LE-SAUNNIER

RODEZ

TULLE

ALBI

LE PUY-EN-VELAY

MOULINS

EVREUX

GAP

STRASBOURG

CHAMBERY

BLOIS

MENDE

LILLE

LA ROCHE-SUR-YON

QUIMPER

NIORT

GUERET

NANTERRE BOBIGNY

CRETEIL

SAINT-BRIEUC

SAINT-ETIENNE

PRIVAS

ANGERS

BESANÇON

DIGNE-LES-BAINS

NICE

BORDEAUXVALENCEAURILLAC

LAON

TROYES

MARSEILLES

NANCY

MONT-DE-MARSAN

MONTPELLIER

Substation projects and connections are represented by pictograms.

SUPPLY SECURITY

INTERCONNECTIONS

EXISTING NETWORK400 kV line225 kV line

Refurbishment of lines

Construction of new lines

Project being studied

AIM

Combined cycle gas turbines

Renewable energy

Tidal power

GENERATION CONNECTION

Management of low voltage levelsManagement of high voltage levelsShort-circuit current controlNetwork stability

SECURITY OF THE ELECTRIC SYSTEM

Major ten-year projects

Origin: Ten-Year Development Programme for the 2015 Grid

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GEARING 2014 2015

Ratio net indebtedness / equity 62.9% 63.9%

ECONOMIC PROFITABILITY (ROCE) 2014 2015

Ratio EBIT / capital employed for business 6.8% 8%

FINANCIAL PROFITABILITY (ROE) 2014 2015

Ratio net profit / equity 7.4% 4.2%

Income statement Financial indicators

Millions of euros 2014 2015

Turnover 4,461 4,593

EBITDA 1,687 1,913

EBIT 959 1,206

Financial result -308 -424

Net income 379 215

Financial results shown are in line with IFRS (International Financial Reporting Standards).

Financial results for the RTE group

The transmission cost represents 7.5% of a domestic customer’s electricity

bill on average

History of RTE’s investments (millions of euros)

ASSETS (millions of euros) 2014 2015

Net fixed assets 15,054 15,711

Receivables and inventories 1,717 1,443

Cash flow and short financial assets 1,361 974

LIABILITIES (millions of euros) 2014 2015

Equity 5,109 5,159

Provisions 1,156 1,159

Financial indebtedness 9,238 9,234

Other liabilities 2,629 2,576

Simplified balance sheet

NB: Figures for the RTE Group comply with IFRS, except for the return on capital employed which is calculated based on the parent company RTE’s individual financial statements under French GAAP.

N.B. RTE’s net financial debt is made up of “Financial debt” (gross) minus “Cash and cash equivalents”, i.e. 7,877 million euros in 2014 and 8,260 million euros in 2015.

* Provisional figure.

2014 2015 2016(1)2006 2007 2008 2009 2010 2011 2012 2013

2,000

1,500

1,200

900

600

300

0

1,40

2

1,54

9

633 773

834

1,02

1

1,17

0

1,15

8

1,35

7

1,44

6

1,37

4

Within the perimeter of RTE investments approuved by CRE in current euros.(1) Investment figure approved by CRE in 2016.

21

RTE Group organizational structure as of January 2016

49%

34% 50%

100%

20%

100% 5%

12.1%

100%

100%

100%

DECLARANET

HGRT

Organization of RTE as of 1st June 2016

A limited company governed by a Management Board and a Supervisory Board, RTE’s autonomy, administrative

independence and neutrality are guaranteed by its articles of association

and mode of governance.

THE MANAGEMENT BOARD François BROTTES, President of the RTE Management Board

Valérie CHAMPAGNE, Senior Vice President in charge of finance and procurement

Olivier GRABETTE, Senior Vice President in charge of long-range planning, expertise and solutions

Clotilde LEVILLAIN, Senior Vice President in charge of development & engineering, operation and services

Xavier PIECHACZYK, Senior Vice President in charge of networks, customers and regions

EXECUTIVE COMMITTEE The Executive Committee comprises the 5 members of the Management Board and:

Hervé LAFFAYE, Deputy President in charge of European and international affairs

Alain FIQUET, Senior Vice President in charge of legal matters & oversight

Olivier LAVOINE, Senior Vice President in charge of diversification & leverage

Bertrand SIGNÉ, Senior Vice President in charge of human resources

SUPERVISORY BOARDThe Supervisory Board is composed of the French State, 3 members appointed by the shareholder on a propo-sal from the French State, 4 members appointed by the shareholder and 4 members representing employees. French State, represented by Thomas GOSSET

Members appointed by the shareholder on a proposal from the French State Didier MATHUS (Chairman) Marie-Solange TISSIER Michel PINET

Members appointed by the shareholder Xavier GIRRE (Vice-Chairman) Marc ESPALIEU Nicole VERDIER-NAVES Valérie LEVKOV

Members representing employees Wilfried DENOIZAY Jean-Louis DUGAY Dominique LORET Christophe AIME

Supervisory Board Secretary Alain FIQUET

25