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Total Q2 Sales: Solid organic sales growth, up +2.6% ex petrol and calendar

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July 16th, 2015 2 100.0 102.6 105.1 104.2 (0.3) (1.2) 1.7 0.9 2.5 0.6 Q2 2014 LFL ex petrol ex calendar Store openings / closures Q2 2015 organic ex petrol ex calendar Acquisitions / Disposals Q2 2015 at constant fx rates ex petrol ex calendar

Forex Calendar Petrol Q2 2015

at current fx rates

Total Q2 Sales: Solid organic sales growth,

up +2.6% ex petrol and calendar

 Q2 2015 consolidated sales: €21.4bn, up +2.6% on an organic basis ex petrol and ex calendar  In Q2, Carrefour’s sales were impacted by an unfavorable 1.2% petrol impact and a -0.3%

calendar effect which were partially offset by a positive +0.6% currency effect

Change in Q2 2015 sales

+2.6%

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July 16th, 2015 3 100.0 102.9 105.3 105.0 (1.6) 2.0 0.9 2.4 1.3 0.0 H1 2014 LFL ex petrol ex calendar Store openings / closures H1 2015 organic ex petrol ex calendar Acquisitions / Disposals H1 2015 at constant fx rates ex petrol ex calendar

Forex Calendar Petrol H1 2015

at current fx rates

Total H1 Sales: +2.9% organic growth

ex petrol and calendar

 H1 2015 consolidated sales: €42.3bn, up +2.9% on an organic basis ex petrol and ex calendar  In H1, Carrefour’s sales were impacted by an unfavorable 1.6% petrol impact, partially offset by a

positive +1.3% currency effect

Change in Q2 2015 sales

+2.9%

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July 16th, 2015 4 100.0 103.8 2.3 1.5 Q2 2014 LFL Store openings / closures Q2 2015 organic 100.0 101.1 0.9 0.2 Q2 2014 LFL Store openings / closures Q2 2015 organic

Total Q2 Sales: Continued organic growth in

France and International Markets

France:

o Organic sales up +1.1% ex petrol ex calendar

o Ex petrol total sales up +5.5% and total sales up +3.3% (including a -2.2% petrol impact)

International:

o Organic sales up +3.8% ex petrol ex calendar

o Total sales up +5.0% (including a -0.4% petrol impact)

France International

Change in Q2 2015 organic sales ex petrol, ex calendar*

+1.1% +3.8%

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July 16th, 2015 5 100.0 100.7 0.5 0.2 Q2 2014 LFL Store openings / closures Q2 2015 organic 100.0 101.1 0.9 0.2 Q2 2014 LFL Store openings / closures Q2 2015 organic

France: Solid organic growth

on strong comparables

 Overall French organic sales up +1.1% ex petrol ex calendar; growth in all formats on the back of strong comparables, illustrating the dynamism of our multi-format model

 Hypermarkets: LFL sales up 0.5% and organic sales up 0.7% ex petrol ex calendar; third consecutive year of overall Q2 growth; LFL food sales up

 Supermarkets: LFL up +1.2% and organic sales up +1.0% ex petrol ex calendar on a high comparable base

 Growth in convenience and other formats: organic sales up +2.5% ex petrol ex calendar

Total France

* Q2 2015 calendar effect is estimated at -0.2% for France overall, -0.3% for hypermarkets and neutral for supermarkets. Petrol had a -2.2% impact overall in France with a -1.4% impact at hypermarkets and supermarkets.

Change in Q2 2015 organic sales ex petrol, ex calendar*

Hypermarkets Supermarkets +1.1% +0.7% +1.0% 100.0 101.0 (0.2) 1.2 Q2 2014 LFL Store openings / closures Q2 2015 organic

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July 16th, 2015 6 100.0 99.8 (0.4) 0.2 Q2 2014 LFL Store openings / closures Q2 2015 organic

Other European countries:

Resilient organic sales, solid growth in Spain

 Broadly flat organic sales in other European countries (-0.2% ex petrol ex calendar)

 Strong LFL growth in Spain: +2.8% LFL ex petrol ex calendar with positive food and non-food  Ex petrol ex calendar LFL sales down 5.0% in Italy cycling over strong promotional campaign

related to the World Cup in Q2 2014

 LFL sales flat in Belgium on the back of tough comps

Change in Q2 2015 organic sales ex petrol, ex calendar*

* Q2 2015 calendar effect is estimated at -0.3% for the other Europe countries as a whole (-0.4% in Spain, -0.5% in Italy and +0.1% in Belgium). Petrol had a -0.6% impact overall, -1.6% in Spain and -0.1% in Italy.

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July 16th, 2015 7 100.0 114.6 10.7 3.9 Q2 2014 LFL Store openings / closures Q2 2015 organic

Latin America: Continued strong performance

 Continued strong growth in Brazil; overall ex petrol and ex calendar organic growth of +11.4% in spite of a strong comparable base of 10.0% in 2014; growth in all formats

 Argentina: +25.9% organic growth excluding calendar

Change in Q2 2015 organic sales ex petrol, ex calendar*

* Q2 2015 calendar effect is estimated at -0.6% in Latin America (-0.5% in Brazil). Petrol had a -0.4% impact overall.

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July 16th, 2015 8 100.0 91.4 (9.2) 0.6 Q2 2014 LFL Store openings / closures Q2 2015 organic

Asia: Growth in total sales;

continued roll-out of action plans in China

 China: Ex calendar organic sales down 11.4% in a persistently slowing consumption environment; roll-out of our action plan continues

 Further ex calendar LFL sales growth in Taiwan (+2.1%) supported by store renovations and multi-format development

 Total sales in Asia benefited from a significant positive currency effect of +21.6%

Change in Q2 2015 organic sales ex calendar*

* Q2 2015 calendar effect is estimated at -0.1% in China (neutral for Asia overall). No petrol sales in Asia.

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July 16th, 2015

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Key takeaways

 Carrefour showed continued momentum, posting a strong performance in Q2 and H1 2015

 Carrefour’s fundamentals continued to improve under the effect of our action plans

 The Q2 2015 numbers underscore the relevance of our food-based, increasingly multi-format and multi-local model

 Staying the course on our operational priorities in 2015:

o Action plans in all countries to improve the offer, price image and shopping experience

o Accelerate multi-format, multi-channel roll-out

o Implement structural projects such as supply chain and IT in France, evolution of our model in China

o Enhance the attractiveness of our sites

o Accelerate store remodelings

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