Colruyt N.V.

Major Shareholding Notification • Nov 2, 2017

Etn. Fr. COLRUYT NV

Limited liability company Edingensesteenweg 196 – 1500 Halle Company number: 0400.378.485

Publication of a transparency notification

(Article 14, first paragraph, of the Law of 2 May 2007 on disclosure of major holdings)

Summary of the notification

Pursuant to article 14 of Law of 2 May 2007 on disclosure of major holdings, Colruyt Group and its controlling shareholder Korys have submitted a notification to the FSMA.

This transparency notification dated 27 October 2017 indicates that, by virtue of the acquisition of Colruyt treasury shares by Colruyt Group (cf press release issued on 31 October 2017) Korys and Colruyt Group now hold a total of 50,04% of the voting rights of the company.

The previous transparency notification of 19/12/2016 indicated that Korys and Colruyt Group (Colruyt family and relatives and Sofina, shareholders acting in concert, not included) held 48,6% of the total number of shares of the company. Following recent acquisitions of Colruyt treasury shares by Colruyt Group, Korys and Colruyt Group (Colruyt family and relatives and Sofina, shareholders acting in concert, not included) hold a total of 75.026.893 Colruyt shares as per 27 October and thus jointly represent 50,04% of the total number of shares issued by the company. Korys and Colruyt Group have therefore crossed a threshold of a multiple of 5%.

This limited notification does not affect the existing agreement to act in concert between the Colruyt family and relatives, Korys, Colruyt Group and Sofina.

Content of the notification

The notification dated 27/10/2017 contains the following information:

• Reason for the notification: Crossing of the threshold by Korys and Colruyt Group.
• Notification by: persons acting in concert
• Person(s) subject to the notification requirement:

KORYS NV, Guido Gezellestraat 126 - 1654 Huizingen Etn. Fr. Colruyt NV, Edingensesteenweg 196 - 1500 Halle

• Transaction date: 27/10/2017
• Threshold that is crossed (in %): the statutory threshold of 50%.
• Denominator: 149.935.894
• Notified details:

Voting rights	Previous notification	After the notification
	# of voting rights	# of voting rights		% of voting rights
Holders of voting rights		Linked to securities	Not linked to securities	Linked to securities	Not linked to securities
Korys NV	68.569.298	68.728.746	0	45,84 %	0
Etn. Fr. Colruyt NV	4.300.386	6.298.147	0	4,20 %	0
TOTAL	72.869.684	75.026.893	0	50,04 %	0 %

• Entire chain of controlled undertakings through which the holding is effectively held.
• o Etablissementen Fr. Colruyt NV is controlled by Korys NV, which in turn is controlled by Stichting Administratiekantoor Cozin.
• o Korys NV is controlled by Stichting Administratiekantoor Cozin.
• Additional information:

Following the recent purchase of treasury shares by Colruyt Group Korys and Colruyt Group (the family shareholders and relatives and Sofina, acting in concert, not included) have crossed a 50% threshold.

Miscellaneous

This press release may be consulted on the website of Colruyt Group via the link https://www.colruytgroup.com/en/notifications

Contact person:

Kris Castelein, Secretary of the Board of Directors T +32 2 363 55 45 investor@colruytgroup.com

About Colruyt Group

Colruyt Group operates in the food and non-food distribution sector in Belgium, France and Luxembourg with approximately 540 own stores and over 600 affiliated stores. In Belgium this includes Colruyt, OKay, Bio-Planet, Cru, Dreamland, Dreambaby and the affiliated stores Spar and Spar Compact. In France, in addition to Colruyt stores, there are also affiliated Coccinelle, CocciMarket and Panier Sympa stores. The group is also actively involved in the foodservice business (supply of food products to hospitals, company canteens and catering businesses) in Belgium (Solucious). The other activities comprise the sale of fuel in Belgium (DATS 24), printing and document management solutions (Symeta) and the production of green energy (Eoly). The group employs over 29.000 employees and recorded a EUR 9,4 billion revenue in 2016/17. Colruyt is listed on NYSE Euronext Brussels (COLR) under ISIN code BE0974256852.