Carrefour

M&A Activity • Jan 24, 2014

PRESS RELEASE Boulogne-Billancourt, January 24, 2014

Carrefour moves forward with its project to create a company for shopping malls adjacent to its hypermarkets in Europe

Following the announcement on December 16, 2013 that they had entered into exclusive negotiations, Carrefour today signed a binding agreement with Klépierre to acquire 127 shopping centers adjacent to its hypermarkets in Europe.

The transaction is subject to approval by the relevant regulatory authorities. It should close in the first half of 2014.

About Carrefour Group

The world's second-largest retailer and the biggest in Europe, Carrefour Group employs 357,000 people. Present in 34 countries with nearly 10,000 stores, Carrefour posted total 2013 sales of €100.2 billion. A multi-local, multi-format and multi-channel retailer, Carrefour is a partner to everyday life. It serves more than 12 million customers daily throughout the world, offering a wide variety of products and services at the right price. For more information: www.carrefour.com