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ENGIE - Unavailability of Doel 3 and Tihange 2 - Press Release May 13 2015

Mercredi 13 Mai 2015 à 11:30

PR Newswire/Les Echos/

Press release
May 13, 2015

The Group adjusts its range for 2015 net recurring income Group share,
following the review of the period of unavailability of Doel 3 and Tihange 2

Electrabel, GDF SUEZ's subsidiary, announced today that the period of
unavailability of Doel 3 and Tihange 2 Belgian nuclear plants is reviewed to
November 1st, 2015 in accordance with its transparency obligations. This update
follows the details communicated by the Federal Agency for Nuclear Control in
the context of the review process about the reactor vessels of Doel 3 and
Tihange 2.

The impact from the outage of these two plants on the net recurring income
Group share is estimated at approximately EUR 40 million per month.

The Group adjusts accordingly its range for 2015 net recurring income Group
share(1) by EUR 0.15 billion, corresponding to four additional months of
outage, with a range between EUR 2.85 and 3.15 billion(2), assuming average
weather conditions in France. This target is based on estimated ebitda and
current operating income(3) respectively between EUR 11.55 and 12.15 billion
and EUR 6.65 and 7.25 billion.

In addition, the Group

* a net debt/EBITDA ratio less than or equal to 2.5x and an "A"
category rating;
* a 2015 dividend with a 65-75% pay-out(4), with a minimum of 1
euro per share, payable in cash. The Board of Directors has decided upon the
principle of an interim dividend of EUR 0.50 per share for FINANCIAL year
2015 that will be paid on October 15, 2015.

Appendix : Electrabel press release dated May 13, 2015


ENGIE develops its businesses (power, natural
gas, energy services) around a model based on responsible growth to take up
today's major energy and environmental challenges: meeting energy needs,
ensuring the security of supply, combating climate change and optimizing the
use of resources. The Group provides highly efficient and innovative solutions
to individuals, cities and businesses by relying on diversified gas-supply
sources, flexible and low-emission power generation as well as unique
expertise in four key sectors: independent power production, liquefied natural
gas, renewable energy and energy efficiency services. GDF SUEZ employs 152,900
people worldwide and achieved revenues of EUR 74.7 billion in 2014. The Group
is listed on the Paris, Brussels and Luxembourg stock exchanges and is
represented in the main international indices: CAC 40, BEL 20, DJ euro Stoxx
50, Euronext 100, FTSE Eurotop 100, msci Europe, ASPI Eurozone, Euronext Vigeo
Eurozone 120, Vigeo World 120, Vigeo Europe 120 and Vigeo France 20.

Press contacts: Investor relations contact:
Tel. France: +33 (0)1 44 22 24 35 Tel.: +33 (0) 1 4422 6629
Tel. Belgium: +32 (0)2 510 22 76 70 Email: ir@engie.com
Email: engiepress@engie.com

Twitter: ENGIEgroup

(1) Net income excluding
restructuring costs, MtM, impairments, disposals, other non-recurring items and
associated tax impacts and nuclear contribution in Belgium. This target assumes
average weather conditions in France, full pass through of supply costs in
French regulated gas tariffs, restart of Doel 3 and Tihange 2 as of November
1st, 2015, no significant regulatory and macro-economic changes, commodity
price assumptions based on market conditions as of December 31st, 2014 for the
non-hedged part of the production, and average foreign exchange rates as
follows for 2015 : EUR/$ : 1.22, EUR/BRL : 3.23.
(2) The initial range based on a
restart on July 1st 2015 was between EUR 3.0 and 3.3 billion
(3) Including share
in net income of associates
(4) Based on net recurring income, Group share

Tour T1 - 1 place Samuel de Champlain - Faubourg de l'Arche - 92930
Paris La Défense cedex - France Tel + 33(0)1 44 22 00 00


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