Casino, Guichard-Perrachon SA

Legal Proceedings Report • Jan 12, 2024

Very strong support from Casino Group's shareholders and creditors meeting as classes of parties affected by the draft accelerated safeguard plans

Paris, 12 January 2024

Aurélia Perdereau, Hélène Bourbouloux and Frédéric Abitbol, in their capacity as judicial administrators of Casino, have transmitted to Casino Group the results of the vote of all classes of affected parties on the draft accelerated safeguard plans of Casino and certain of its subsidiaries1, details of which are set out in the Appendix to this press release.

The results of the votes of the creditors grouped into classes of parties affected at Casino level are as follows:

• RCF and TLB creditors not benefiting from the elevation mechanism (class n°1) voted in favor of the plan with 100% of the votes cast ;
• RCF creditors benefiting from the elevation mechanism (class n°2) voted in favor of the plan by 100% of the votes cast ;
• EMTN, high yield and treasury bonds creditors (class n°3) voted in favor of the plan by 68.55% of the votes cast ;
• The creditors under the guarantee granted by Casino to the beneficial owners of the Quatrim high yield bond issue (class no. 4) voted in favor of the plan by 95.84% of the votes cast ;
• Casino's sole creditor in class 5 (GPA, in respect of a guarantee granted in its favor) abstained from voting on Casino's proposed accelerated safeguard plan ;
• Creditors holding perpetual subordinated notes (class no. 6) voted in favor of the plan by 75.62% of the votes cast ; and
• Casino shareholders (class no. 7) voted in favor of the plan by 98.87% of the votes cast.

Out of the 17 classes of affected parties of the relevant Casino subsidiaries, 16 classes approved the draft accelerated safeguard plans by the required majority (more than 2/3). Green Yellow Holding, the sole creditor in class no. 2 of Casino Participations France under a guarantee granted in its favor, voted against the adoption of Casino Participations France's draft accelerated safeguard plan.

¹ Casino Finance, Distribution Casino France, Casino Participations France, Quatrim, Ségisor, and Monoprix SAS

Appendix

Result of the vote of the classes of affected parties on the draft accelerated safeguard plans

1. Casino, Guichard-Perrachon

Class no. 1 (TLB and RCF creditors not benefiting from the elevation mechanism)

Result of votes cast

Voting rights	Total votes cast		IN FAVOR		AGAINST
3,311,376,854.57 euros	3,145,458,877.50 euros	94.99%	3,145,458,877.50 euros	100%	0.00 euro	0%

Class no. 2 (RCF creditors benefiting from the elevation mechanism)

Result of votes cast

Voting rights	Total votes cast		IN FAVOR		AGAINST
891,303,615.26 euros	891,303,615.26 euros	100%	891,303,615.26 euros	100%	0.00 euro	0%

Class no. 3 (creditors holding EMTN and high-yield bonds and Treasury bond)

Result of votes cast

Voting rights	Total votes cast		IN FAVOR		AGAINST
2,470,422,939.58	1,805,715,084.08	73.09%	1,237,787,165.50	68.55%	567,927,918.58	31.45%
euros	euros		euros		euros

Class no. 4 (creditors in respect of the guarantee granted by Casino to the beneficial owners of the Quatrim high-yield bond issue)

Result of votes cast

Voting rights	Total votes cast		IN FAVOR		AGAINST
574,425,354.17 euros	523,490,600.00 euros	91.13%	501,730,450.00 euros	95.84%	21,760,150.00 euros	4.16%

Class no. 5 (unsecured creditor - GPA)

Result of votes cast

Voting rights	Total votes cast		IN FAVOR		AGAINST
1.00 euro	0.00 euro	0%	0.00 euro	0%	0.00 euro	0%

Class no. 6 (creditors holding perpetual subordinated notes)

Voting rights	Total votes cast		IN FAVOR		AGAINST
1,384,663,350.00 euros	774,535,162.12 euros	55.94%	585,761,073.13 euros	75.62%	188,837,407.73 euros	24.38%

Class no. 7 (existing shareholders)

Result of votes cast

Number of shares comprising the share capital as of 20 December 2023: 108,426,230

Voix valablement exprimées
IN FAVOR % AGAINST %
116,366,767 actions	98.87%	1,328,240 actions	1.13%

2. Casino Finance

Class no. 1 (TLB and RCF creditors not benefiting from the elevation mechanism) Result of votes cast

Voting rights	Total votes cast		IN FAVOR		AGAINST
2,092,111,342.05 euros	1,956,695,537.80 euros	93.53%	1,956,695,537.80 euros	100%	0.00 euro	0%

Class no. 2 (RCF creditors benefiting from the elevation mechanism)

Result of votes cast

Voting rights	Total votes cast		IN FAVOR		AGAINST
891,303,615.26 euros	891,303,615.26 euros	100%	891,303,615.26 euros	100%	0.00 euro	0%

Class no. 3 (creditors holding high-yield bonds issued by Quatrim)

Result of votes cast

Voting rights	Total votes cast		IN FAVOR		AGAINST
398,963,253.33 euros	363,586,863.55 euros	91.13%	348,473,498.21 euros	95.84%	15,113,365.34 euros	4.16%

3. Casino Participations France

Class no. 1 (creditors holding high-yield bonds issued by Quatrim)

Result of votes cast

Voting rights	Total votes cast		IN FAVOR		AGAINST
574,425,354.17 euros	523,490,600.00 91.13% euros		501,730,450.00 95.84% euros		21,760,150.00 euros	4.16%

Class no. 2 (unsecured creditor - Green Yellow Holding)

Voting rights	Total votes cast		IN FAVOR		AGAINST
1.00 euro	1.00 euro	100%	0.00 euro	0%	1.00 euro	100%

Class no. 3 (holders of rights under the subordination agreement)

Result of votes cast

Voting rights	Total votes cast		IN FAVOR		AGAINST
4,156,003,552.05	3,992,691,097.73	96.07%	3,992,691,097.73	100%	0.00 euro	0%
euros	euros		euros

4. Distribution Casino France

Class no. 1 (TLB and RCF creditors not benefiting from the elevation mechanism)

Result of votes cast

Voting rights	Total votes cast		IN FAVOR		AGAINST
1,859,879,903.84 euros	1,732,160,724.30 euros	93.13%	1,732,160,724.30 euros	100%	0.00 euro	0%

Class no. 2 (RCF creditors benefiting from the elevation mechanism)

Result of votes cast

Voting rights	Total votes cast		IN FAVOR		AGAINST
873,351,155.94 euros	873,351,155.94 euros	100%	873,351,155.94 euros	100%	0.00 euro	0%

Class no. 3 (creditors holding high-yield bonds issued by Quatrim)

Result of votes cast

Voting rights	Total votes cast		IN FAVOR		AGAINST
170,532,666.67 euros	155,411,399.14 euros	91.13%	148,951,349.32 euros	95.84%	6,460,049.82 euros	4.16%

5. Monoprix

Class no. 1 (TLB and RCF creditors not benefiting from the elevation mechanism)

Result of votes cast

Voting rights	Total votes cast		IN FAVOR		AGAINST
340,393,108.61 euros	331,877,547.96 euros	97.50%	331,877,547.96 euros	100%	0.00 euro	0%

Class no. 2 (RCF creditors benefiting from the elevation mechanism)

Voting rights	Total votes cast		IN FAVOR		AGAINST
711,271,972.46 euros	711,271,972.46 euros	100%	711,271,972.46 euros	100%	0.00 euro	0%

Class no. 3 (creditors holding high-yield bonds issued by Quatrim)

Result of votes cast

Voting rights	Total votes cast		IN FAVOR		AGAINST
213,165,833.33	194,264,248.93	91.13%	186,189,186.65	95.84%	8,075,062.28	4.16 %
euros	euros		euros		euros

6. Quatrim

Class no. 1 (creditors holding high-yield bonds issued by Quatrim)

Result of votes cast

Voting rights	Total votes cast		IN FAVOR		AGAINST
574,425,354.17 euros	523,490,600.00 euros	91.13%	502,769,616.67 euros	96.04%	20,720,983.33 euros	3.96%

Class no. 2 (holders of rights under the subordination agreement)

Result of votes cast

Voting rights	Total votes cast		IN FAVOR	AGAINST
4,156,003,552.05 euros	3,992,691,097.73 euros	96.07%	3,992,691,097.73 euros	100%	0.00 euro	0%

7. Ségisor

Class no. 1 (TLB and RCF creditors not benefiting from the elevation mechanism)

Result of votes cast

Voting rights	Total votes cast		IN FAVOR		AGAINST
382,897,235.21 euros	369,410,576.27 euros	96.48%	369,410,576.27 euros	100%	0.00 euro	0%

Class no. 2 (RCF creditors benefiting from the elevation mechanism)

Result of votes cast

Voting rights	Total votes cast		IN FAVOR		AGAINST
41,619,360.47 euros	41,619,360.47 euros	100%	41,619,360.47 euros	100%	0.00 euro	0%

Class no. 3 (creditors holding high-yield bonds issued by Quatrim)

Voting rights	Total votes cast		IN FAVOR		AGAINST
49,032,723.57 euros	44,684,952.87 euros	91.13%	42,827,514.98 euros	95.84%	1,857,437.89 euros	4.16%

This press release was prepared solely for information purposes and should not be construed as a solicitation or an offer to buy or sell securities or related financial instruments. Likewise, it does not provide and should not be treated as providing investment advice. It has no connection with the specific investment objectives, financial situation or needs of any receiver. No representation or warranty, either express or implied, is provided in relation to the accuracy, completeness or reliability of the information contained herein. Recipients should not consider it as a substitute for the exercise of their own judgement. All the opinions expressed herein are subject to change without notice.

ANALYSTS AND INVESTORS CONTACTS

***

Christopher WELTON - cwelton.exterieur@groupe-casino.fr - Tel: +33 (0)1 53 65 64 17 or IR\_Casino@groupe-casino.fr - Tel: +33 (0)1 53 65 24 17

PRESS CONTACTS

Groupe Casino – Communications Director

Stéphanie Abadie – sabadie@groupe-casino.fr - Tel: + 33(0)6 26 27 37 05 or directiondelacommunication@groupe-casino.fr - Tel: + 33(0)1 53 65 24 78

Agence IMAGE 7

Karine Allouis - kallouis@image7.fr - Tel: +33 (0)6 11 59 23 26 Laurent Poinsot - lpoinsot@image7.fr - Tel: + 33(0)6 80 11 73 52 Franck Pasquier - fpasquier@image7.fr - Tel: + 33(0)6 73 62 57 99