AFD_REGISTRATION_DOCUMENT_2017

1 PRESENTATION OF AFD AFD Group

Legal form: Public limited company in liquidation ( société anonyme en liquidation ) (SDR) Head office: Pointe-à-Pitre (Guadeloupe) Equity: €5,576,859 AFD’s stake: 100.00% Other shareholders: none Balance sheet total: €5.3M Total net equity: -€116.1M (excluding FRBG) Loan portfolio: NS Net banking income: -€0.00M Fisea (Fonds d’Investissement etbdebSoutien auxbEntreprises enbAfrique) Purpose: To promote the growth of African SMEs Legal form: Simplified joint stock company ( société anonyme par actions simplifiée ) Head office: 5 rue Roland-Barthes, 75012 Paris Equity: €190,000,000 AFD’s stake: 100.00% (except for one share) Other shareholders: Proparco holds one share in Fisea Balance sheet total: €102.8M Total net equity: €121.6M Loan portfolio NS Equity stakes: €101.0M (amount net of impairments) Net income: -€11.0M TR Propasia (Partenariat Stratégique pourbunebPlateforme d’Investissement Asiatique) Purpose: To create a regional investment platform Legal form: Public limited company ( société anonyme ) Head office: Hong Kong Equity: €7,000,000 AFD’s stake: 64.95% Other shareholders: Propasia is a wholly-owned subsidiary of Proparco Balance sheet total: €8.4M Total net equity: €8.4M Loan portfolio: NS Equity stakes: €4.2M Net income: €0.1M 1.4.3 Presentation of subsidiaries 1.4.3.1 Proparco Proparco was created in 1977bas a venture capital firm with AFD as its sole shareholder. It was transformed into a financial company in 1990. Today, Proparco is a financial institution specialised in development, with share capital totalling €693M. AFD holds a 65% stake, while the remaining 35% is held by private shareholders, including 22% by French financial organisations, 11% by international financial organisations, 2% by investors and 1% by funds and ethical foundations.

Proparco’s purpose is to work with the private sector in order to promote inclusive sustainable development models with a low carbon footprint in developing and emerging countries. Proparco plays a role in achieving sustainable development objectives (SDOs). Its sector-focused strategy, adapted to match each country’s level of development, is focused on business, industry and trade, banking intermediation and financial systems, infrastructure, energy, health, education and private equity. Since 2009, Proparco’s operating scope has extended to all developing countries as defined by the Organisation for Economic Co- operation and Development’s (OECD’s) Development Assistance Committee (DAC) and covers a geographic area extending from the major emerging countries to the poorest countries, especially in Africa, and must meet high corporate social responsibility (CSR) requirements, and impacts. Proparco offers a complete range of financial instruments to meet the specific needs of private investors in developing countries: loans, quasi-equity, equity and guarantees. 1.4.3.2 Activities of TR Propasia, a Proparco subsidiary TR Propasia is a wholly-owned Proparco structure in charge of investing in Asia through funds (up to 70%) and directly (30%), in countries and in sectors where Proparco is active, as a co- investor with TR Capital, with both funds managed by the same asset management firm. TR Propasia’s portfolio, which matured on 15bApril 2011, was invested for a total of $6M in three investment funds and one direct investment. 1.4.3.3 Fisea Fisea (Investment and Support Fund for Businesses in Africa) was created in April 2009. It is managed by Proparco on behalf of AFD, within the framework of a regulated agreement. In 2017, Fisea’s net approvals amounted to €9M (excluding TA). They include two investments in funds. Numerous sectors are targeted. Total approvals (excluding TA) since the company was established amount to €116M. Investment funds represent 85% of assets and direct investment represents 15%. 1.4.3.4 Banque Socredo Banque Socredo is a full-service bank established in French Polynesia in 1959. It has 27bpermanent offices. It also organises regular visits to Tahiti’s most distant islands, which have little or no access to basic banking services. This special positioning distinguishes Socredo from other local banks. Its activities extend to every sector of the economy and, more particularly, to several key segments such as the marine sector and tourism. It is heavily involved in marine transport that serves distant archipelagos such as the Tuamotu Archipelago, the Marquesas and the Austral Islands, in air transport as a shareholder in carriers Air Tahiti and Air Tahiti Nui, as well as in the first-time home buyer sector. For many years, Banque Socredo has been the top banking institution in Papeete, ahead of Banque de Polynésie (Société Générale Group) and Banque de Tahiti (Groupe BPCE), with 46% of the lending market and nearly 40.3% of the deposit market at end-December 2017.

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REGISTRATION DOCUMENT 2017

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