Mr Bricolage — Earnings Release 2009

Sep 1, 2009

PRESS RELEASE

1 September 2009

First-half 2009 results Operating profit: €13.0 million Net profit, Group share: €6.9 million

Turnover raise of 3.7 % in a challenging market

Operating profit : €13.0 million (against €14.0 million in H1 2008)

Performance resulted mainly from declining sales of services in Network service business.

Excluding divested businesses, net profit, Group share of €6.9 million (against €8.2 million in H1 2008)

In € million, at current scope	H1 2009	H1 2008	Change
Turnover excluding promotional sales1	269.5 239.3	260.0 231.4	+ 3.7% + 3.4%
Operating profit from Directly-owned stores from Network services	13.0 (5.2) 18.7	14.0 (4.9) 19.8	- 7.3% - 7.1% - 5.5%
Ordinary operating profit2 from Directly-owned stores from Network services	12.8 (5.0) 18.3	13.5 (5.3) 19.7	- 5.3% + 5.7% - 7.3%
Profit befor tax3	10,8	11,4	- 5.7%
Share of profit (loss) of associates	0	0.7	N/A
Net profit, Group share from continuing operations as % of turnover	6.9 2.6%	8.2 3.2%	- 15.8%
Net profit of businesses held for sale	0	14.14	N/A
Net profit, Group share	6.9	22.2	N/A

(1) Promotional sales are sales of promotional goods passing through the outsourced logistics platform

(2) Ordinary operating profit = operating profit excluding gains (losses) on disposals and non-recurring items

(3) Profit before tax, share of profit of associates and businesses held for sale

(4) Resulting from €14 million gain recorded on the sale of Immobilière Mr Bricolage to Icade

Directly-owned stores' operating profit

The steps taken to boost sales - which advanced by 1.2% on like-for-like store basis in a market contracting by 3.1% in the half-year, on Bank of France figures - squeezed the gross margin by 0.7 point, explaining the reduction in this activity's operating profit.

At end-June 2009, there were 81 Directly-owned stores in France, with 331,485 m² in surface area. This followed the inclusion of eight new stores into the Group scope.

Network services' operating profit

With turnover declining by 3.7% in the period, the operating profit at Network services totalled €18.7 million, having decreased by €1.1 million. Savings made in personnel expenses (€0.6 million) only partly made up for sales of services' negative impact on operating profit (-€1.7 million), due primarily to the fall in the goods purchased by stores. This activity's half-year operating profit thus equalled a 13.7% margin in economic turnover, against 14.5% in the same period a year earlier.

Half-year net profit, Group share (from continuing operations)

Net profit, Group share from continuing operations includes a near-zero contribution from associates due to the sharp commercial slowdown in Bulgaria and pre-opening expenses in Serbia. The figure totalled €6.9 million, compared with €8.2 million for the first six months of 2008.

Still solid capital structure

The Group's net debt on 30 June 2009 equalled €127.9 million, compared with €99.8 million at 31 December 2008, after adding the financing of 2009's acquisitions and applying the reduction in supplier payment times. With €198.4 million in equity, gearing(5) worked out at 64.4%.

On 30 July 2009, the Group obtained the green light to extend maturity of the €150 million syndicated credit signed on 30 July 2008 by a year, to 30 July 2014. The unanimous approval from the banking pool reflects the renewed confidence of the Group's financial partners in its future.

2009 Outlook

The total 2009 consolidated operating margin is around 5%, after a significant improvement of in Directly-owned stores and a deterioration of in Network services.

In addition, the share of profit of associates is set to be near zero in 2009, impacted by the sharp reduction in Bulgaria's positive contribution to profits and pre-opening expenses in Serbia and Albania.

(5) Net debt / equity.

ABOUT MR. BRICOLAGE (FIGURES AT 30 JUNE 2009)

Mr. Bricolage is a leading DIY retailer in France with 477 points of sale and 50 stores in 9 other countries. The Group operates over 1,381,000 m² of retail space under the Mr. Bricolage and Catena brands.

Its full-year 2008 turnover was €1.89 billion and it employs nearly 11,000 people around the world.

Next press release: third-quarter 2009 turnover Wednesday 28 October, after the stock market close

Investor and shareholder contacts Press contact

Mr.Bricolage SA: Actifin Actifin Eve Jondeau Nicolas Meunier Charlène Masson Tel: + 33 (0) 238 432 188 Tel: + 33 (0) 156 881 111 Tel: + 33 (0) 156 881 111 eve.jondeau@mrbricolage.fr nmeunier@actifin.fr cmasson@Actifin.fr

www.mr-bricolage.fr/groupe