2017 Business Overview Afl

Lille European Metropolitan Area - Five Cails Planning & Development Area Metropolitan Lille European

2017 BUSINESS THE BANK FOR OVERVIEW LOCAL AUTHORITIES AFL . 2017 BUSINESS OVERVIEW AFL . 2017 BUSINESS OVERVIEW EDITORIAL C O N T E N T S Brest Metropolitan Area - Brest aerial tramway © Matthieu La Gall - Brest Area Metropolitan Brest

2017 WAS THE AGENCE FRANCE LOCALE GROUP’S THIRD YEAR IN BUSINESS.

During this year, 50 new local authorities joined the AFL Group. As a result, it had 223 shareholders at December 31, 2017. 04 In the course of 2017, €556 million in credit was granted, bringing A WORD FROM THE CHAIRMEN outstanding loans to €1.6 billion at the year’s end. Moreover, business on the financial markets continued, giving AFL a broader 05 AGENCE FRANCE LOCALE investor base.

08 On the strength of these successes, Agence France Locale is KEY FIGURES FOR 2017 now doing more than ever with local authorities to finance their investments in the best possible conditions. We are delighted to 10 AFL IN BRIEF see the emergence of the facilities we have helped finance, and we

are very proud of their diversity. Since 2015, AFL has financed 11 the construction of stadiums, schools, waste disposal sites, and HIGHLIGHTS OF 2017 sports complexes; the transformation of brownfields; and the 14 development of sociocultural spaces, childcare facilities and more. FINANCING Some of them are featured in these pages. 16 We are proud to have become a leading bank for our VALUES AND COMMITMENTS members, and we are eager to welcome more members and 18 fund new projects. AFL GROUP’S ANNUAL PERFORMANCE

Olivier Landel, 20 Chief Executive Officer of Agence France Locale – Société Territoriale MEMBER LOCAL AUTHORITIES

Yves Millardet, Chairman of the Executive Board of Agence France Locale AFL . 2017 BUSINESS OVERVIEW PAGE 03 AFL . 2017 BUSINESS OVERVIEW PAGE 04 SOCIÉTÉ A WORD FROM TERRITORIALE THE CHAIRMEN

BOARD OF DIRECTORS AT DECEMBER 31, 2017 Agence France Locale is a story of the creation This is more than a precaution. By preparing of a bank dedicated to finance investment by for the future and diversifying resources, when French local authorities. And now it is a reality, a local authority becomes a shareholder in an entity rooted in the landscape of financing the Agence France Locale Group, it makes a JACQUES RICHARD public investment. commitment to its territory and to its citizens, PÉLISSARD BRUMM and joins in an ambitious approach. Chairman Vice-Chairman There were 11 of them when the charter was The Agence France Locale Group serves only its signed on October 22, 2013; and by the end members. Every day, it supports all of the local of 2017, there were 223 local authorities as authorities - of every size and type - in their PAYS DE LA DEPARTMENT DEPARTMENT shareholders, ambassadors of this unique projects and their financing, in line with their LOIRE OF L’ESSONE OF SAVOIE REGION Dominique Luc Berthoud model, of this powerful tool for decentralization expectations. Laurent Dejoie Echaroux Vice-Chairman in Vice-Chairman in and for their financial autonomy. Vice-Chairman in charge of Finance charge of Finance charge of Finance Jacques Pélissard

REGIONS More than a bank, all local authorities that Mayor of Lons-le-Saunier

DEPARTMENTS Chairman of the Board of Directors are our members, and those that will be in the DEPARTMENT of Agence France Locale - Société Territoriale OF SEINE- future, expect Agence France Locale to strive for SAINT-DENIS exemplary banking relationship based on Stéphane Richard Brumm Troussel mutual understanding, transparency and Vice-chairman of the city of Lyon Chairman fairness. in charge of finance Chairman of the Supervisory Board of Agence France Locale MUNICIPALITY MUNICIPALITY THE EUROPEAN Choosing to be a shareholder of your own bank OF CONCHES- METROPOLIS METROPOLIS OF GRENOBLE means taking control. It means being a player EN-OUCHE Hakim Sabri OF GREATER OF LILLE Jérome Pasco Deputy Mayor in NANCY Michel Colin in your financial and economic environment. Deputy Mayor charge of finance Pierre Boileau Vice-Chairman in Vice-Chairman, Finance charge of Finance In an increasingly constrained environment in which investment must be preserved to ensure excellent public service, our representatives, our LYON STRASBOURG MUNICIPALITY METROPOLIS MUNICIPALITIES METROPOLITAN EUROPEAN OF OF shareholders, have decided to go on their own. AREA METROPOLITAN ROQUEFORT- TOULOUSE Karine AREA SUR-SOULZON Sacha Briand Dognin-Sauze Caroline Barrière Bernard Sirgue Vice-Chairman in Vice-Chairman in Vice-Chairman in charge Mayor charge of Finance charge of Digital and of monitoring budgetary Innovation and financial matters

GENERAL MANAGEMENT

OLIVIER Managing STÉPHANE Deputy Managing YVES Deputy Managing LANDEL Director LE HO Director MILLARDET Director

Municipality community of DRAGA - Intercommunity waste disposal site at Bourg-Saint-Andéol AFL . 2017 BUSINESS OVERVIEW PAGE 05 AFL . 2017 BUSINESS OVERVIEW AGENCE FRANCE LOCALE

SUPERVISORY BOARD AT DECEMBER 31, 2017

RICHARD JACQUES

BRUMM PÉLISSARD - Espace Thiers Area Nancy Metropolitan Greater Chairman Vice-Chairman

LARS VICTOIRE FRANÇOIS NICOLAS MÉLANIE ANDERSSON AUBRY DROUIN FOURT LAMANT Founder of Member of the Chairman Deputy Managing Managing Director, Kommuninvest Executive Committee of ETIFINANCE Director of Services of of Icade in charge of ACOFI Gestion Établissement Public Finance, Legal, and territorial (EPT) - Information Systems Plaine Commune

OLIVIER DANIEL ROLLON LANDEL LEBÈGUE MOUCHEL- General Delegate Chairman of the BLAISOT of France Urbaine Observatory on Prefect and Chief Executive Corporate Social Officer of Agence Responsibility France Locale - (ORSE, Observatoire Agence France Locale has had Société Territoriale sur la Responsabilité Sociétale des Entreprises) rapid growth on the local authority financing market, which makes it a particularly effective financing tool today, specifically for infrastructure projects like Espace Thiers. THE EXECUTIVE BOARD This choice combines the required control of financial costs, since its products are competitive, with YVES ARIANE THIÉBAUT PHILIPPE MILLARDET CHAZEL JULIN ROGIER the promotion of solidarity among Chairman of Head of Risk, Chief Financial Chief Credit Officer the Executive Board Compliance and Officer Control local authorities, because of the way it operates.

Pierre Boileau, Vice-Chairman in charge of Finance of the Greater Nancy Metropolitan Area AFL . 2017 BUSINESS OVERVIEW AFL . 2017 BUSINESS OVERVIEW PAGE 08

KEY FIGURES FOR 2017

50 LOCAL AUTHORITIES THAT BECAME SHAREHOLDERS IN 2017 €722.4 M NEW LOAN COMMITMENTS €11,000 SMALLEST LOAN AMOUNT Downtown development © Mairie de Combloux €40 M LARGEST LOAN AMOUNT

LOAN CONTRACTS 142 SIGNED We chose Agence France Locale ESTIMATED for several reasons. First, of course, MARKET for the lending terms it offered. 4% SHARE Second, for the model it represents in terms of free administration of local authorities. And, lastly, for the open 107 and communicative relationship we LOCAL AUTHORITIES have.Their speed, the quality of their HAVE BORROWED EMPLOYEES advisory, and their professionalism are FROM AFL 25 the other reasons we decided to work with AFL.

Jean Bertoluzzi, Mayor of Combloux AFL . 2017 BUSINESS OVERVIEW AFL . 2017 BUSINESS OVERVIEW PAGE 10

AFL IN BRIEF

Bagnères-de-Luchon - Renovation of thermal baths © Mairie de Luchon Bagnères-de-Luchon PERCENTAGE OF THE TOTAL POPULATION OF FRANCE LIVING IN A COMMUNITY WHOSE 31% LOCAL AUTHORITY IS A MEMBER OF AGENCE FRANCE LOCALE GROUP

62 3.71 NUMBER OF RESIDENTS IN MILLIONS, THE NUMBER OF OF BATHELÉMONT RESIDENTS IN REGION PAYS (MEURTHE-ET-MOSELLE), DE LA LOIRE, THE MOST THE SMALLEST POPULOUS COMMUNITY COMMUNITY WHOSE LOCAL WHOSE LOCAL AUTHORITY IS To accompany this project which AUTHORITY IS AN AFL GROUP A MEMBER OF THE AFL GROUP MEMBER responds to environmental and economic issues, the Luchon Mayor’s Office and the management of the thermal bath • 1 region are pleased to announce their • 2 local authorities with special status 223 • 6 departments partnership with Agence France • 11 metropolitan areas NUMBER OF SHAREHOLDER Locale, which was chosen for the • 4 urban communities LOCAL AUTHORITIES OF • 14 suburban communities lending conditions it offered and AGENCE FRANCE LOCALE • 23 municipality communities the values of the agency which is • 4 local government agencies AT DECEMBER 31, 2017 • 168 municipalities clearly on the side of local authorities.

Louis Ferré, Mayor of Luchon AFL . 2017 BUSINESS OVERVIEW PAGE 11 AFL . 2017 BUSINESS OVERVIEW PAGE 12

JANUARY MAY SEPTEMBER AFL reaches €1 billion disbursed loans. The second annual Agency Day and AFL partners with Agglopolys - a — general meeting of shareholders: suburban community of Blois - for THE AFL launches its ECP and adds on to its reappointment of the members of the financing of the Salle du Jeu de 2023 bond by €250 million and makes the Board of Directors of AFL-ST. Paume museum. a private placement of $100 million. — HIGHLIGHTS AFL makes its first 30-year loan for the reconstruction of the OCTOBER OF 2017 FEBRUARY Weissenburger and Saint-Exupéry schools in Noyon (60). 14th capital increase. French Polynesia joins the AFL Group. — — — New €500 million bond issue with The Saône et Loire Department signs on. Philippe Rogier, Chief Credit Officer of 2024 maturity. AFL, is appointed to the scientific and — technical committee of the Observatory The Municipality of Bathelémont, the Group’s smallest shareholder with 62 on Local Finance and Public JUNE residents, signs on. Management (OFGPL, Observatoire 13th capital increase. — des finances et de la gestion publique — Easing of conditions for entry into the locales). Jacques Pélissard is appointed capital of the AFL Group (payment in — Chairman of the Board of Directors five installments). AFL finances the restoration of Stade of AFL-Société Territoriale. du Hameau, a multi-use stadium in Pau. — The Department of Seine-Saint- NOVEMBER Denis signs on. Agence France Locale becomes a MARCH partner of Association nationale 12th capital increase. des pôles d’équilibre territoriaux et — JULY ruraux et des Pays (ANPP). The City of Toulouse signs on. The AFL Group achieves 200 local One out of two French metropolitan authority members. areas is a member of the AFL Group. DECEMBER Agence France Locale adds €250 AUGUST million to its 2024 bond issue. APRIL Agence France Locale becomes — Agence France Locale closes out The AFL’s new website goes live. partner of the Association of Regional Administrative Students 2017 with an outstanding loan (AEATF, Association des élèves volume of €1.7 billion. administrateurs territoriaux). Les Voivres - The restaurant is converted for accessibility - The restaurant Les Voivres AFL . 2017 BUSINESS OVERVIEW AFL . 2017 BUSINESS OVERVIEW PAGE 14

FINANCING

A FULL RANGE OF FINANCING SOLUTIONS — THE BANKING PRODUCTS OFFERED BY AGENCE FRANCE LOCALE MEET ALL OF ITS SHAREHOLDERS’ NEEDS IN TERMS OF BOTH FLEXIBILITY AND SIMPLICITY. La traversée de Beynac © Municipality of et Cazenac

The infrastructure project, LONG-TERM SHORT TERM led by the Municipality of LOAN FACILITY Beynac-et-Cazenac, was driven by a threefold objective: to protect, secure, and beautify. The Municipality of Beynac- et-Sazenac appreciated how quickly and easily Agence France LONG TERM Locale handled their case. With LOANS WITH LOAN borrowing costs among the PROGRESSIVE BRIDGE lowest on the market, it was able CASH to complete the project in line OUTFLOWS with projections.

Alain Passerieux, Mayor of Beynac-et-Cazenac AFL . 2017 BUSINESS OVERVIEW PAGE 15 AFL . 2017 BUSINESS OVERVIEW PAGE 16

BECOMING A VALUES AND SHAREHOLDER COMMITMENTS

MEMBERSHIP CAPITAL SIGNATURE OF GENERAL THE AGENCE FRANCE LOCALE GROUP IN FOUR POINTS (DELIBERATION CONTRIBUTION SHAREHOLDERS’ MEETING VOTE) (SHARES) AGREEMENT A mission of Proof of the local world’s 1 general interest 3 responsibility

Since 2017, after removing the Initial Capital Contribution (ICC) minimum threshold, the Société Territoriale has been providing with more flexibility A bank demonstrating A principle of fairness in in shareholding conditions for local authorities by authorizing the ICC 2 the autonomy of 4 financing local authorities payment in five installments. local authorities as as shareholders shareholders

BEING A SHAREHOLDER THE FIVE COMMITMENTS OF AGENCE FRANCE LOCALE

Becoming a shareholder in the To support local authorities’ investment, the bank Agence France Locale Group is must be a simple, agile tool that is easy to use. Agence France Locale has been designed and an individual process, unique to driven by groups of elected officials to simplify and Committed to the long-term Actively committed to improving financing development of territories in the French local authority world each local authority marked by its secure their access to financing, thereby ensuring history and ambitions; and at the that their projects are successful. same time, a joint endeavor with the objective of a fairer and more transparent financing. Aware of the responsibility of banks Transparent in its rules in the economy and products

Simple, robust, and rapid in its operation AFL . 2017 BUSINESS OVERVIEW PAGE 17 AFL . 2017 BUSINESS OVERVIEW PAGE 18

ANNUAL PERFORMANCE 2017 FINANCIALS OF THE AFL GROUP MAIN ITEMS OF THE CONSOLIDATED FINANCIAL STATEMENTS (IFRS STANDARDS)

Consolidated figures under IFRS. The reduction in operating expenses was mainly due to the decrease in administrative expenses 2017 2016 down to €3.8 million compared to €5.2 million in Financial performance for the 2017 Cash, central banks and issuing institute 420,351 57,929 2016 due to the completion of AFL’s initial financial year shows another strong Available-for-sale securities (AFS) 363,554 357,646 construction phase. Restated for a reversal of a Loans and receivables 1,430,829 892,227 improvement, with positive gross provision for tax risk, administrative expenses Debt securities 2,335,802 1,259,073 operating income of €156k at decreased by €326k. Personnel costs increased to Equity 120,968 98,518 December 31, 2017, compared €4.8 million in 2017, compared to €4.4 million in Net banking income 10,722 9,254 to -€2.1 million at December 31, 2016. 2016, due to the last new hires made at year-end Net interest margin 6,552 4,705 2016, finalizing the operating teams. General operating expenses (details below) 8,653 9,503 Gross operating income 156 - 2,105 The 2017 financial year produced a negative net This improvement is the consequence of: Net profit - 423 - 3,352 result of -€423k compared to -€3.4 million in the - an increase in net banking income to €10.7 previous financial year. million compared to €9.3 million at December In thousands of Euro 31, 2016; and - a reduction in operating expenses to €8.7 million DETAILS OF OPERATING EXPENSES (IFRS STANDARD) compared to €9.5 million as at December 31, 2016. 2017 2016 Two important factors contribute to the increase in the net banking income in 2017: Total operating expenses of which : 8,653 9,503 - income from the progressive creation of the loan Employee expenses 4,835 4,384 portfolio up to €6.3 million; and Administrative expenses of 3,831 5,239 - the realization of capital gains on the disposal of which: 1,621 2,444 available-for-sale securities amounting to €4.5 • Information system 68 166 million from the management of the liquidity • Advisory 220 310 reserve. • Legal fees and rating 200 55 • Custodian services 232 261 • Promotion 110 763

In thousands of Euro AFLAFL .. 2017RAPPORT BUSINESS D’ACTIVITÉ OVERVIEW 2016 AFL . 2017 BUSINESS OVERVIEW PAGE 20 249 LOCAL AUTHORITIES AS AFL SHAREHOLDERS AT APRIL 30, 2018 Auvergne-Rhône-Alpes Ain (01) Finistère (29) Municipality of Pont d’Ain, Municipality Community of Rives de l’Ain - Brest Metropolitan Area, Municipality of Brest, Municipality of Pays du Cerdon, Municipality of Sainte-Euphémie, Municipality of Thil Lesneven, Suburban Community of Morlaix, Municipality of Plouzané, Municipality of Plouvorn Allier (03) Ile-et-Vilaine (35) Municipality of Domérat, Municipality of Saint-Marcel-en-Marcillat Municipality of Baillé, Municipality of Ferré Ardèche (07) Morbihan (56) Municipality of Aubenas, Municipality of Bourg-Saint-Andéol, Municipality of Saint-Avé Municipality of Chirols, Municipality Community of Rhône aux Gorges de l’Ardèche, Municipality of Saint-Just-d’Ardèche Centre-Val de Loire Loir-et-Cher (41) Drôme (26) Suburban Community de Blois - Agglopolys, Municipality of Vendôme Municipality Community of Val de Drôme Loiret (45) Isère (38) Municipality Community of Plaine du Nord Loiret, Municipality of Gidy Municipality of Bourgoin-Jallieu, Municipality of Grenoble, Municipality of Saint-Pierre-d’Entremont Corse Loire (42) Municipality of Monacia-d’Aullène Municipality of Boën-sur-Lignon, Municipality of Bourg-Argental, Grand Est Municipality of Saint-Sauveur-en-Rue, Municipality of Saint-Jean- Bonnefonds, Municipality of Usson-en-Forez Ardennes (08) Municipality Community of Ardenne Rives de Meuse, Puy-de-Dôme (63) Municipality of Aubrive Clermont Auvergne Metropolitan Area, Municipality of Clermont- Ferrand, Municipality of Teilhède, Municipality of Pontaumur, Aube (10) Municipality of Puy-Saint-Gulmier, Municipality of Youx Municipality Community of Portes de Romilly-sur-Seine Rhône (69) Meurthe-et-Moselle (54) Municipality of La Mulatière, Lyon Metropolitan Area, Municipality Municipality of Anthelupt, Municipality of Bathelémont, Municipality Community of Pays Mornantais, Municipality Community of La Vallée du Community of Bassin de Pompey, Municipality of Bauzemont, Garon, Municipality of Villeurbanne Municipality of Bernécourt, Municipality of Bezange-la-Grande, Municipality of Bonviller, Municipality of Bures, Municipality of Crion, Savoie (73) [member department] Municipality of Flainval, Greater Nancy Metropolitan Area, Municipality Municipality of Challes-les-Eaux, Suburban Community of Grand of Hénaménil, Municipality of Juvrecourt, Municipality of Maixe, Chambéry, Municipality of Corbel, Municipality of La Motte-Servolex, Municipality of Montigny-sur-Chiers, Municipality of Mouacourt, Municipality of Pont-de-Beauvoisin Municipality Community of Moselle et Madon, Municipality of Parroy, Lannion is getting the most out Haute-Savoie (74) Municipality of Richardménil, Municipality of Sionviller, Municipality of of its AFL membership, obtaining Annemasse - Les Voirons Suburbs, Municipality of Combloux, Virecourt, Municipality of Waville, Municipality of Xures Municipality of Étrembières, Municipality of Saint-Julien-en-Genevois Meuse (55) [member department] especially competitive financing Département de la Meuse Bourgogne-Franche-Comté Moselle (57) sources that are among the best Côte-d’Or (21) Suburban Community of Val du Fensch, Municipality of Collonges-lès-Premières, Municipality of Grosbois-en- offers on the market for our Municipality of Metz Montagne, Municipality of Izier, Municipality of Longvic, Municipality Municipality of Morhange Community of La Plaine Dijonnaise, Municipality of Tart-l’Abbaye category, as emphasized by the Municipality Community of Warndt Doubs (25) consulting firm that is guiding us Suburban Community of Grand Besançon, Municipality of Huanne- Bas-Rhin (67) through the management of our Montmartin, Municipality of Rigney Strasbourg European Metropolitan Area Jura (39) Haut-Rhin (68) debt. Municipality of Lons-le-Saunier Municipality Community of Sundgau Municipality Community of the Guebwiller Region Saône-et-Loire (71) [member department] Municipality of Wittenheim Paul Le Bihan, Municipality of Chalon-sur-Saône, Municipality of Cressy-sur-Somme, Municipality of Huningue Mayor of Lannion Urban Community of Creusot Montceau, Municipality of Mâcon Vosges (88) Bretagne Suburban Community of Epinal Municipality of Les Voivres Côtes-d’Armor (22) Community of Lannion Bords du Léguer: development of the Sainte-Anne sociocultural space and the water system © P. Iglesias - City of Lannion du Léguer: development of the Sainte-Anne sociocultural space and water system © P. Bords AFL . 2017 BUSINESS OVERVIEW AFL . 2017 BUSINESS OVERVIEW PAGE 22

Hauts-de-France Pyrénées-Atlantiques (64) Municipality of Guéthary, Municipality of Oloron-Sainte-Marie, Municipality Aisne (02) [member department] of Pau, Suburban Community of Pau Béarn Pyrénées, Municipality of Saint- Nord (59) Etienne-de-Baigorry Municipality of Anzin, Municipality of Attiches, Vienne (86) Municipality of Aulnoy-lez- Valenciennes Urban Community of Grand Poitiers Municipality Community of Coeur de l’Avesnois, Municipality of Cysoing, Municipality of Croix, Urban Community of Dunkerque, Municipality of Occitanie Genech, Municipality of Landas, Municipality of Mons-en-Pévèle, Municipality of Montrécourt, Municipality Community of Pévèle Carembault, Ariège (09) [member department] Municipality of Raimbeaucourt, Municipality of Sailly-lez-Lannoy, Aveyron (12) Municipality of Saint-Saulve, Municipality of Saulzoir, Municipality of Thun Municipality of Roquefort-sur-Soulzon l’Evêque, Suburban Community of Valenciennes Metropolitan Area, Gard (30) Municipality of Waziers, Lille European Metropolitan Area Municipality of Comps, Municipality Community of Pont du Gard, Oise (60) Municipality of Roquemaure, Municipality of Saint-André d’Olérargues, Municipality of Grandvilliers, Municipality of Noyon, Municipality Municipality of Valliguières, Municipality of Vénéjan Community of Pays Noyonnais, Municipality of Plailly Haute-Garonne (31) Pas-de-Calais (62) Municipality of Aussonne, Municipality of Bagnères-de-Luchon, Municipality Urban Community of Arras, Municipality of Carvin, Municipality of Community of Les Coteaux du Girou, Municipality of Flourens, Municipality Merlimont, Municipality of Rang-du-Fliers of Roquesérière, Municipality of Toulouse, Toulouse Metropolitan Area Somme (80) Gers (32) Municipality of Amiens, Suburban Community of Amiens Metropolitan Area Municipality of Condom Île-de-France Hérault (34) Seine-et-Marne (77) Municipality of Pomérols Sète agglopôle méditerranée Municipality of Balaruc-les-Bains Municipality of Bernay-Vilbert, Municipality of Chelles Hautes-Pyrénées (65) Essonne (91) [member department] Municipality Community of Adour Madiran, Municipality of Pujo Municipality of Brunoy, Municipality of Grigny Pyrénées-Orientales (66) Hauts-de-Seine (92) Municipality of Pollestres Municipality of Gennevilliers Tarn-et-Garonne (82) Seine-Saint-Denis (93) [member department] Municipality Community of Quercy Caussadais Municipality of Blanc-Mesnil, Municipality of Clichy-sous-Bois, Territorial Public Establishment of Est Ensemble, Municipality of Montfermeil, Pays de la Loire (member region) Municipality of Montreuil, Municipality of Livry-Gargan, Territorial Public Establishment of Plaine Commune, Municipality of Saint-Denis Loire-Atlantique (44) Municipality of Ancenis, Municipality of Loireauxence, Municipality of Val-de-Marne (94) Nantes, Nantes Metropolitan Area, Municipality of Rezé, Municipality of Municipality of Bry-sur-Marne, Municipality of Créteil, Municipality of Saint-Nazaire, Municipality of Les Sorinières, Municipality of Vertou Nogent-sur-Marne, Municipality of Vincennes, Territorial Public Establishment of Paris-Est-Marne et Bois, Territorial Public Establishment of Maine-et-Loire (49) Grand-Orly Seine Bièvre Municipality of Beaucouzé, Municipality of Épieds, Municipality of Saint- Augustin-des-Bois, Municipality of Saumur Val-d’Oise (95) Municipality of Bessancourt, Municipality of Gonesse, Municipality of Saint- Sarthe (72) Brice-sous-Forêt, Suburban Community of Val Parisis Municipality Community of Huisne Sarthoise Vendée (85) Normandie Municipality of Saint-Hilaire-de-Riez Calvados (14) Municipality of Giberville Provence-Alpes-Côte d’Azur We needed a loan to complete Eure (27) Alpes de Haute-Provence (04) the financing plan for our new Municipality of Evreux, Municipality Community of Pays de Conches, Municipality of Mison Municipality Community of Roumois Seine, Municipality of Conches-en- Alpes-Maritimes (06) sports facility. After a broad call Ouche, Municipality of Vernon, Municipality of Thuit-de-l’Oison, Municipality Suburban Community of Cannes Pays de Lérins of Saint-Pierre-des-Fleurs, Municipality of Saint-Pierre-du-Bosguérard for tenders, AFL’s submission, Bouches du Rhône (13) Manche (50) Aix-Marseille Provence Metropolitan Area, Municipality of Marseille, asmeasured by the loan criteria Municipality of Cherbourg-en-Cotentin Municipality of Puy-Sainte-Réparade Orne (61) Var (83) defined by our city, was better Municipality of Alençon, Urban Community of Alençon Municipality of Gonfaron, Municipality Community of Pays de Fayence, Longvic - Sports Facility Véronique Pecqueux-Rolland Longvic - Sports Facility Véronique than its competitors’, saving us Seine-Maritime (76) Municipality of Roquebrune-sur-Argens, Municipality of Seillans Rouen Normandy Metropolitan Area, Municipality of La Feuillie Vaucluse (84) nearly €30,000. Moreover, we Municipality of Pertuis Nouvelle-Aquitaine share the unifying values of the Dordogne (24) Réunion (974) Suburban Community of Territoire de la Côte Ouest social and solidarity economy. Municipality of Bergerac, Municipality of Beynac-et-Cazenac, Suburban Community of Grand Périgueux, Municipality of Peyrignac, Municipality of Vitrac Overseas communities Gironde (33) Overseas Community of Saint-Pierre-et-Miquelon Jose Almeida, Municipality of Bordeaux, Bordeaux Metropolitan Area, Municipality of Overseas Community of French Polynesia Mayor of Longvic Bouscat, Municipality of Marcillac, Municipality of Peujard Landes (40) Municipality of Biscarosse, Municipality of Saint-Martin-de-Seignanx Lot-et-Garonne (47) Municipality of Saint-Maurin THE BANK FOR LOCAL AUTHORITIES

TRANSPARENCY SIMPLICITY DIVERSIFICATION

EFFICIENCY SAFETY

You are a local authority

STÉPHANE LE HO LAURENCE LEYDIER Deputy Chief Executive Officer of Agence France Locale Director of Local Société territoriale Authority Relations 04 81 11 29 37 04 81 11 29 37 [email protected] [email protected]

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THIEBAUT JULIN ROMAIN NETTER Chief Financial Officer Director of Medium- and Long-Term Financing 04 81 11 29 33 04 81 11 29 40 [email protected] [email protected]