AFD_REGISTRATION_DOCUMENT_2017

PRESENTATION OF AFD AFD Group

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1.4 AFD GROUP 1.4.1 Consolidation scope

As part of its mission to finance development, AFD holds equity stakes in companies or organisations in the geographic areas in which it is active, i.e . foreign countries and the French Overseas Departments and Collectivities. The percentages of ownership and of voting

rights shown below represent both direct and indirect investments. AFD GROUP – CONSOLIDATION SCOPE AT 31bDECEMBER 2017

Percentage of ownership 31/12/2017

Percentage of ownership 31/12/2016

Percentage of control 31/12/2017

Percentage of control 31/12/2016

Countries Method (1)

b

France

b

b

b

b

b

b

Mainland France

b

b

b

b

b

Proparco Sogefom

France France France

FC FC FC FC EQ EQ EQ b

64.95 60.00

64.95 60.00

64.95 58.69

64.95 58.69

Fisea

100.00

100.00

100.00

100.00

French Overseas Departments andbCollectivities

b

b

b

b

Soderag

France –bGuadeloupe Franceb– New Caledonia

100.00

100.00

100.00

100.00

SIC

50.00

50.00 22.27 35.00

50.00

50.00 22.27 35.00

Simar

France –bMartinique Franceb– Polynesia

b

b

Socredo

35.00

35.00

Asia

b

b

b

b

b

b

Propasia

Hong Kong

FC

64.95

64.95

100.00

100.00

(1)FC: Full Consolidationb– EQ: Equity method The consolidation scope is presented in greater detail in Note 6.2.3.1 to the consolidated financial statements.

1.4.2 Information about subsidiaries The information below (company data in accordance with French accounting standards) sets out the principal data relating to the subsidiaries which are fully consolidated into the financial statements of AFD.

Proparco (Société debpromotion etbdebparticipation pourblabcoopération économique) Purpose: To promote development projects, acquire equity stakes and grant loans in the regions in which AFD is mandated to operate Legal form: Financial public limited company ( société anonyme financière ) Head office: 151 rue Saint-Honoré, 75001 Paris Equity: €693,079,200 (excluding issue premium) AFD’s stake: 64.95% Other shareholders: French financial institutions (21.69%), private

Sogefom (Société debgestion desbfonds debgarantie Outre-mer) Purpose: To provide a partial guarantee for financing operations undertaken by credit institutions with operations in the French Overseas Departments and Collectivities that have subscribed to a portion of its capital or have been approved by its Board Legal form: Public limited company ( société anonyme ) Head office: 5 rue Roland-Barthes, 75012 Paris Equity: €1,102,208 AFD’s stake: 60% (of which 1.32% through Socredo) Other shareholders: nine financial institutions (40.00%) including Banque de Nouvelle-Calédonie (7.51%) and Banque de Polynésie (7.51%) Balance sheet total: €44M Total net equity: €13.9M (excluding FRBG) Loan portfolio: €27.3M Net banking income: €1.9M Soderag (Société debDéveloppement Régional Antilles- Guyane) Purpose: To grant loans and acquire equity stakes in order to promote development in the Antilles – French Guiana region

investors (1.67%), international financial institutions (11.03%), ethical foundations and funds (0.65%)

Balance sheet total: €5,174.6M Total net equity: €922.3M Equity stakes: €768M Loan portfolio: €3,957.8M Net banking income: €126.3M

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REGISTRATION DOCUMENT 2017

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