At the request and after dialogue with the AFCN, Electrabel, a subsidiary of ENGIE, announced on Friday that it has decided to revise the agenda of the scheduled revisions of the Tihange 2 and Doel 4 nuclear units and to adapt the end date for the revision currently taking place on Tihange 3.

These revisions represent the equivalent of more than 7 additional cumulative non-operating months in 2018 for an equivalent of a second generation unit (ca.1GW), with no impact on 2019. The impact of these revisions is a shortfall of around 250 million euros at group EBITDA and net recurring income group share.

ENGIE has immediately decided to put in place a specific action plan to reduce the effects of this new revision agenda on the 2018 financial performance. Moreover, taking into account the good commercial dynamics of the group activities and the good performance of the gas midstream and renewable hydroelectric power generation activities in France, the Group is confident in its ability to significantly offset the impact of the nuclear unavailability.

At the latest, at first half financial results publication on July 27, the Group will be able to clarify and comment in more detail the financial impact resulting from these measures.

About ENGIE

We are a global energy and services group, focused on three core activities: low-carbon power generation, mainly based on natural gas and renewable energy, global networks and customer solutions. Driven by our ambition to contribute to a harmonious progress, we take up major global challenges such as the fight against global warming, access to energy to all, or mobility, and offer our residential customers, businesses and communities energy production solutions and services that reconcile individual and collective interests. Our integrated - low-carbon, high-performing and sustainable - offers are based on digital technologies. Beyond energy, they facilitate the development of new uses and promote new ways of living and working. Our ambition is conveyed by each of our 150,000 employees in 70 countries. Together with our customers and partners, they form a community of imaginative builders who invent and build today solutions for tomorrow.2017 turnover: 65 billion Euros. Listed in Paris and Brussels (ENGI), the Group is represented in the main financial (CAC 40, BEL 20, Euro STOXX 50, STOXX Europe 600, MSCI Europe, Euronext 100, FTSE Eurotop 100, Euro STOXX Utilities, STOXX Europe 600 Utilities) and extra-financial indices (DJSI World, DJSI Europe and Euronext Vigeo Eiris - World 120, Eurozone 120, Europe 120, France 20, CAC 40 Governance). To learn more : www.engie.com

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Engie SA published this content on 18 June 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 18 June 2018 07:22:01 UTC