Colruyt N.V.

Major Shareholding Notification • May 9, 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

Etn. Fr. Colruyt NV has received a transparency notification dated 5 May 2017 indicating that Sofina NV now holds, by virtue of the acquisition of shares of 4 May 2017, 5,19% of the voting rights of the company. Sofina NV has therefore crossed the threshold of 5%.

On 4 May 2017 Rebelco NV (a 100% subsidiary of Sofina NV) merged with Sofina NV. As a result of this transaction, Sofina NV comes to possess the Colruyt shares previously held by Rebelco NV.

For the updated notification of holdings from the reference shareholders acting in concert - the Colruyt family, Sofina and Colruyt Group - we refer to the transparency notification of 19/12/2016 published on our website www.colruytgroup.com.

The company has no knowledge of any other agreements between shareholders.

Content of the notification

Sofina's notification dated 05/05/2017 contains the following information:

• Reason for the notification: Acquisition or transfer of securities carrying voting rights, or voting rights
• Notification by: A person that notifies alone
• Person(s) subject to the notification requirement: Sofina NV, Industrielaan 31, 1000 Brussel
• Transaction date: 04/05/2017
• Threshold that is crossed (in %): the statutory threshold of 5%
• Denominator: 149.935.894
• Notified details:

Voting rights	Previous notification	After the transaction
	# 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
Sofina NV		7.780.000		5,19%
Rebelco NV	7.780.000
	TOTAL	7.780.000	0	5,19%	0,00%

• Additional information:

As a result of the merger by absorption of Rebelco NV by Sofina NV on 4 May 2017, Sofina NV now directly holds the 7.780.000 Colruyt shares which it formerly held indirectly through Rebelco, its 100% subsidiary.

This merger by absorption does not affect the agreement to act in concert with Korys NV and the other shareholders of Colruyt, with which it continues to act in concert.

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 525 own stores and over 500 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 approximately 70 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. The group employs over 29.000 employees and recorded a EUR 9,1 billion revenue in 2015/16. Colruyt is listed on NYSE Euronext Brussels (COLR) under ISIN code BE0974256852.