Terms of subscription

Who can take part?

  • All employees (or persons who belong to a category of persons eligible to join the PEG pursuant to Article L.3332-2 of the French Labour Code) who have an employment contract on 17th June 2026 with a company that is part of the ENGIE PEG and have been on that contract for at least three months, whether consecutive or not, since 1st January 2025.
  • All employees working in the shared services common to GRDF SA and ENEDIS SA, and whose gas distribution key for their department is not zero.
  • Retired employees of companies that are part of the ENGIE PEG and still have holdings in the PEG on 17th June 2026. Retired employees do not benefit from the matching contribution.

Terms and conditions of entry for retired employees
Retired employees may invest by bank transfer and/or by using their assets from their EGEPARGNE MONETAIRE FCPE under ENGIE’s Group Savings Plan (PEG).

What are the payment methods?

Five payment methods are available.

You can make your personal contribution:

By allocating all or part of your profit-sharing bonus and/or share bonus
as applicable
By reallocating available assets
from the "EGEPARGNE MONETAIRE" FCPE within the ENGIE PEG (Group Savings Plan), up to the ceiling, which is equal to 25% of your gross annual remuneration for 2026
In cash
debited from your bank account1 in a single payment
1 The amount will be debited on 13th July 2026.
In cash
In 6 monthly instalments3
debited from your bank account
3 The first payment will be debited on 13th July 2026.

What amount can you invest?

You are free to choose the amount you wish to invest in LINK, within the following limits:

At least: Your personal contribution must be at least €10.

At most:

  • All of your voluntary payments into all the employee savings plans (Company Savings Plan (PEE), Inter-company Savings Plan (PEI), Group Savings Plan (PEG)), except for the collective company retirement savings plans (PERCOL), during 2026 must not exceed 25% of your gross annual remuneration for 2026 (including allowances, bonuses, etc.).
  • A specific additional limit also applies to subscribing by reallocating available assets from the Fund "ÉGEPARGNE MONETAIRE": the amount of your reallocation must not exceed the equivalent of 25% of your gross annual remuneration for 2026.
  • The two ceilings referred to above are separate. Please note that if you choose to pay for your subscription by credit card, the amount is limited to €500.

Simulate my investment

How to use your profit-sharing bonus and/or share bonus to invest in LINK 2026?

Between March and May 2026 (depending on your entity):

Period of pre-allocation of your profit-sharing bonus and/or share bonus to LINK
During this period, you can allocate all or part of your profit-sharing bonus and/or share bonus to LINK 2026. The pre-allocated amounts were then temporarily invested in the "LINK FRANCE RELAIS 2026" FCPE within the ENGIE PEG.

From 3rd to 17th June 2026:

Subscription period for LINK
If I received a profit-sharing bonus and/or share bonus this year and I pre-allocated all or part of it to the "LINK FRANCE RELAIS 2026" fund with a view to subscribing to LINK 2026:

I still want to use my profit-sharing bonus and/or share bonus to invest in LINK

I don't have to do anything

I intend to use the entire pre-allocated amount:
I don't have to do anything, the total amount pre-allocated to "LINK FRANCE RELAIS 2026" will be automatically invested in LINK 2026.

I only intend to use part of the pre-allocated amount:
I log on to https://link.engie.com/2026, click on "Subscribe to LINK 2026" and indicate the final amount I wish to allocate to the offer.
If you reduce the amount of your LINK 2026 subscription4, the pre-allocated sums that will not be used for LINK 2026 will be reallocated to the “EGEPARGNE MONETAIRE” FCPE.

Subscribe to LINK 2026

I no longer wish to use my profit-sharing bonus and/or share bonus to invest in LINK

I indicate my intention on the subscription website

I indicate my intention by clicking on "Subscribe to LINK 2026". The amount previously invested in the "LINK FRANCE RELAIS 2026" FCPE will be reallocated to the "EGEPARGNE MONETAIRE" FCPE within the ENGIE PEG.

However I decide to allocate my profit-sharing bonus and/or share bonus, I can use another means of payment to subscribe to LINK 2026.

4 N.B.: in such a case, these sums will be subject to the provisions of the PEG applicable to investments of profit-sharing bonuses and share bonuses in funds other than LINK 2026. For example, where applicable, these sums (which will not benefit from the LINK 2026 matching contribution) may benefit from the matching contribution provided for in the agreement concluded within your company. The holdings will be inaccessible for the duration stipulated in the ENGIE PEG (except in the case of an early release provided for by law) but can be moved to other FCPEs within the ENGIE PEG.

Simulate my investment

What happens in the event of an over-subscription?

In accordance with the decisions of the Board of Directors of 5th November 2025 and the Chief Executive Officer of 18th February 2026, the total number of shares offered under LINK 2026 is limited by a double ceiling consisting of:

  • a maximum of 8 million shares, including the matching contribution (the Total Share Ceiling);
  • and the cost of LINK 2026 (overall cost of the discount and the matching contribution) limited to 37.5 million euros (the Total Euro Ceiling). The Total Euro Ceiling comprises a sub-pool (Euro Sub-Pool) corresponding to the costs of the matching contribution, the discount on the employer's matching contribution and the discount linked to the matched personal contribution. The Euro Sub-Pool is limited to 22 million euros. N.B.: if the Total Euro Ceiling is not reached, the unused amount will be added to the Euro Sub-Pool, thereby potentially avoiding a reduction in the amount in the sub-pool.
As soon as the Subscription Price has been determined, the Total Share Ceiling will be converted into euros on the basis of the Subscription Price. In the event that subscription applications lead to at least one of these ceilings being exceeded, the subscription applications will be reduced in accordance with the following terms and conditions:

If several ceilings are exceeded, including the Euro Sub-Pool, the reduction can be made for each ceiling, simultaneously or successively

The amount of the ceiling will be divided by the number of participants in order to ascertain an average amount in euros to be allocated to each participant (the Average Sum Allocated);

  • All applications for an amount that is lower than or equal to the Average Sum Allocated will be allocated in full;
  • All applications for an amount higher than the Average Sum Allocated will be allocated, initially, up to the level of the Average Sum Allocated;
  • Thereafter, the amount above the Average Sum Allocated will be reduced proportionally by applying an allocation rate that is determined on the basis of the amount still to be allocated in relation to the amount requested that exceeds the Average Sum Allocated.

If several payment methods are used, the reduction will be made according to the following order of priority:

  1. reallocation of assets from the "EGEPARGNE MONETAIRE" FCPE
  2. direct debit (one or six instalments) or credit card
  3. sums from the profit-sharing bonus and
  4. sums from the share bonus.
The sums from the incentive and/or profit-sharing bonus allocations that are not invested in LINK will be invested in the “EGEPARGNE MONETAIRE” FCPE mutual fund.

How to take part?

Take part in just a few clicks:

  1. Click on "Subscribe to LINK 2026"
  2. When you log in for the first time, to generate your password:

    • Click on “First login?”

    • Enter your work email address

    • Click on the link in the email that will be sent to your work email address
  3. Choose your password
  4. Log in with your username and chosen password
  5. Make your choices and do not forget to confirm them!
Subscribe to LINK 2026

How long is the lock-in period?

Your investment in LINK 2026 is locked in for 5 years, i.e., until 29th July 2031 inclusive , except in the event of early release.

In what cases is an early release possible?

They are defined by French law (Article R. 3324-22 of the French Labour Code) and there are 13 such cases (as at 1st January 2025 - any other case determined by regulation at a later date will automatically apply):

  1. Marriage or conclusion of a civil partnership agreement (PACS);
  2. Birth or adoption of a third child and any subsequent children;
  3. Divorce, separation or dissolution of a civil partnership agreement (PACS), where an agreement or judgement provides for the habitual residence in the employee’s household of at least one child (sole or shared custody);
  4. Disability of the employee, his/her children, spouse or civil partner;
  5. Termination of employment contract or term of office as an elected officer in the company;
  6. Creation or takeover of a company, under certain conditions, by the employee, his or her spouse or civil partner or children;
  7. Acquisition or extension of the main residence, repairs to the main residence in the event of a natural disaster;
  8. Over-indebtedness;
  9. Death of the employee, spouse or civil partner;
  10. Domestic violence committed against the employee, which has been reported or gave rise to legal proceedings;
  11. Energy renovation work at your primary residence;
  12. The employee, his/her spouse or partner (civil partnership agreement) is acting as a family caregiver;
  13. Purchase of a vehicle for yourself.