Danone // 2020 Universal Registration Document

DANONE UNIVERSAL REGISTRATION DOCUMENT 2020 130 4.2 Financial statements of Danone SA, the parent company Note 14. Bonds, Other equity and Other financial debt Bonds: fixed rate/floating rate breakdown (after hedging where applicable) and changes during the period As of December 31, 2019 Changes during the period As of December 31, 2020 (in € millions) New borrowings Repayment Change in accrued interest Revaluation Fixed rate portion Bonds 13,423 1,600 (1,500) (324) 13,199 Accrued interest 62 2 64 Floating rate portion Bonds 550 (550) − Accrued interest − − Total 14,035 1,600 (2,050) 2 (324) 13,263 Breakdown by currency with interest accrued as of the reporting date As of December 31, 2020 (in € millions, except Nominal value in foreign currency in currency millions) Nominal value in foreign currency Historical value Carrying amount Bonds in euros or in currencies hedged in euros Euro 8,874 8,874 8,798 U.S. dollar 5,150 4,620 4,278 Yen 24,500 186 187 Bonds in currencies not hedged in euros None Total 13,680 13,263 Portfolio of cross-currency swaps hedging certain foreign-currency denominated bonds As of December 31, 2020 (in € millions except Nominal value in foreign currency, in currency millions) Nominal value in foreign currency Historical value in euros Euro – U.S. dollar 2,150 1,835 Euro – Yen 24,500 186 Total 2,021 In addition, as specified in Note 1 of the Notes to the financial statements of the parent company Danone, Danone Corporate Finance Services, a wholly-owned subsidiary, also carries out interest rate hedging transactions in respect of certain bonds issued by the Company.