Watch the videos about Link 2024

Message from Jean-Sébastien Blanc

Hello everyone.

Why an employee share ownership plan?

We are all experiencing a major transformation in the energy market and ENGIE is playing a very important role in this energy transition.

We have made a commitment to be net zero carbon by 2045, which is a particularly ambitious goal.
We will achieve it with, and thanks to you all the 97,000 Transition Makers in the Group who are taking action on a daily basis to make the energy transition a reality.

By participating in Link 2024 plan, you can be part of this strategy in another way and benefit from the value you contribute to create.

Why Invest in ENGIE?

Investing in ENGIE means investing in a world leader that benefits from an integrated industrial model with four businesses.
And you know, we have unique solutions to offer and to propose to our customers.
The initial results of our strategy are excellent and our financial situation is extremely solid.

What is Link 2024?

Link 2024 is a unique opportunity for you to become an ENGIE shareholder on preferential terms.
It is a simple offer that allows you to participate by choosing the formula best suited to your expectations, your budget, and your sensitivity to risk.

You can choose between two formulas: Link classic and Link multiple.

The subscription period is open from June 6 to June 27.
It is very important not to miss these dates.

One last important piece of information for you.

We’ll have this type of operations every two years, which will give you the opportunity to become an ENGIE shareholder on preferential terms.

In conclusion, as you have understood, ENGIE is a leader of the energy transition.

Let's invest together for energy and for the future of our planet.

Video: understanding Link 2024

Through Link, you can invest in ENGIE shares on preferential terms. And build your savings at the same time!

Two options are available to you: Link Multiple and Link Classic.


Let’s take a look at the benefits of each option.

With Link Multiple:
- You are guaranteed to recover all your personal contribution in euros
- You receive a minimum return of 3% per year.
- Yes, it’s a minimum! If the ENGIE share price evolves favourably, you will benefit from the multiple effect and performance of above 3% per year

Protect your capital in euros and enjoy guaranteed minimum performance with Link Multiple! In return, you waive the discount on the share price, any dividends attached to your shares and part of the possible increase in the share price on exit.

To learn all about Link Multiple, watch the video on the Link website.

With Link Classic:
- You will receive a discount of 20% on the share price
- ENGIE will match your contribution up to €500
- Any dividends attached to your shares are reinvested and increase the value of your investment.

The value of your investment changes with the share price, both upwards and downwards It is not guaranteed and therefore there is a risk of capital loss. However, you should be aware that the discount, the matching contribution and any potential dividends act as a “shock absorber” in the event of a fall in value!

Note that if you participate in Link in a country outside the Euro zone, your investment in foreign currency will be converted into euros to acquire ENGIE shares. At the end of the lock-in period, the amount you receive in foreign currency may be affected favourably or unfavourably by the fluctuation of exchange rates.

You can choose to invest in one or both of the options!


Your investment in Link Multiple and Link Classic is locked in for five years, except in the event of early release.


How can you subscribe?
You can make your reservation online from 6 to 27 June 2024 on the website https://link.engie.com/2024. Simply log on using the username that was sent to you by email.

Important: The share price, called the reference price, will be set on September 23, 2024, after the subscription period.

Between 26 and 30 September 2024, you will have the opportunity to cancel your subscription.

Join Link, the ENGIE employee shareholding offer!

Watch this video to find out more about Link Multiple

With Link Multiple, you are guaranteed to receive a minimum return of 3% per year at the end of the lock-in period or in the event of early release. This return may be higher if the ENGIE share price is favourable.

Below are more details on how this return is calculated.

Depending on how the share price evolves during the lock-in period, you will receive an increase corresponding to the highest amount between:
- a guaranteed minimum return of 3% per year on your personal contribution; and
- a return equal to the Multiple, times the protected average increase of the ENGIE share price, times the number of FCPE shares subscribed.


What is the protected average increase?

The calculation involves comparing the average ENGIE share price over 5 years with the reference price, which will be known on 23 September 2024.
This average is calculated using 60 monthly recordings of the share price made on a fixed date.
Two situations are possible each month:
- The share price recorded is higher than or equal to the reference price: it is this price that is recorded.
- The share price recorded is lower than the reference price: in this case, instead of the actual price, the reference price is used. This is why we talk about a protected average.

The difference between the average of these recordings and the reference price is the "protected average increase".

On vesting or in the event of early release, you will receive your personal contribution, plus the higher amount between
- A guaranteed return of 3% per annum, or
- A return equal to the Multiple, times the average protected increase, times the number of FCPE shares subscribed to in the Link Multiple form.

Note that if you participate in Link in a country outside the Euro zone, your investment in foreign currency will be converted into euros to acquire ENGIE shares. Note that the guarantee offered by Link Multiple does not cover foreign exchange risk. At the end of the lock-in period, the amount you receive in foreign currency may be affected favourably or unfavourably by the fluctuation of exchange rates.

Would you like to invest?

You have from 6 to 27 June 2024 inclusive to reserve your shares on the website https://link.engie.com/2024 using the username sent to you by email.

Join Link, the ENGIE employee shareholding offer!