Jeronimo Martins — M&A Activity 2016

Apr 28, 2016

Jerónimo Martins SGPS, S.A.

Relevant Fact

Jerónimo Martins, SGPS, S.A. (the Company) hereby informs that it has received an offer from Sociedade Francisco Manuel dos Santos B.V. to acquire 100% of its wholly owned subsidiary Monterroio – Industry & Investments B.V. (Monterroio), for a total consideration of 285 million euros.

Monterroio is the Company's sub-holding for manufacturing and services businesses comprising its subsidiaries JMD – Distribuição de Produtos de Consumo, Lda. and Jerónimo Martins – Restauração e Serviços, S.A. as well as the stakes in Unilever Jerónimo Martins, Lda. (45%), Gallo Worldwide, Lda. (45%), Hussel Ibéria – Chocolates e Confeitaria, S.A. (51%) and Perfumes e Cosméticos Puig Portugal – Distribuidora, S.A. (27.545%).

The Board of Directors will analyse the offer and assess the interest of the Company in considering a possible transaction.

Any relevant developments will be disclosed to the market in due course.

Lisbon, April 28, 2016