Areva - Reference Document 2016

25 INFORMATION ON HOLDINGS

25.1. SIGNIFICANT EQUITY INTERESTS OF AREVA

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25.2. SHAREHOLDERS’ AGREEMENTS

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25.2.1. Shareholders’ agreements concerning AREVA shares 25.2.2. Main shareholders’ agreements concerning AREVA’s equity interests

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25.1.

SIGNIFICANT EQUITY INTERESTS OF AREVA

Not applicable.

25.2.

SHAREHOLDERS’ AGREEMENTS

25.2.1. SHAREHOLDERS’ AGREEMENTS CONCERNING AREVA SHARES

Except for agreements described hereunder, there is, to AREVA’s knowledge, no agreement containing rights of first refusal concerning at least 0.5% of AREVA’s share capital or voting rights.

option shall be calculated based on the average weighted closing price of AREVA shares during the 90 trading days preceding the date of exercise of the option. Within the framework of the General Meeting of Shareholders of February 3, 2017, in which the capital increase reserved for the French State with cancellation of the shareholders’ preemptive subscription right was decided, KIA did not exercise its anti-dilution right. MEMORANDUM OF UNDERSTANDING BETWEEN TOTAL CHIMIE, TOTAL NUCLÉAIRE AND AREVA Under the terms of amemorandumof agreement dated June 27, 2001, Total Chimie and Total Nucléaire agree to retain their AREVA securities until such time as AREVA shares are admitted for trading on a regulated market. Although all AREVA shares are now traded on a regulated market, neither Total Chimie nor Total Nucléaire has yet chosen to dispose of their AREVA shares.

SHAREHOLDERS’ AGREEMENT BETWEEN THE FRENCH STATE, THE CEA AND KIA The French State, the CEA and KIA entered into a 10-year shareholders’ agreement effective December 28, 2010, whose key provisions are as follows: p the French State has a preemptive right in the event that KIA sells all or part of its equity interest, except for sales of shares made on the market; p KIA has an absolute right to dispose of its shares in the event of a change in control of AREVA, in the meaning of article L. 233-3 of the French Commercial Code. The French State has an option to purchase the shares in the event that KIA violates its commitment regarding the preemptive right. The exercise price for the purchase

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2016 AREVA REFERENCE DOCUMENT