Mr Bricolage — Earnings Release 2008

Feb 4, 2009

4 February 2009

2008 annual turnover: +5.3%

Q4 growth (at current scope): +2.5%

During 2008, Mr Bricolage SA recorded consolidated turnover of €515.3 million, up 5.3%. On a like-for-like store basis the Group performed well, in comparison to the market trend in mainland France.

In € million At current scope	31.12.08	31.12.07	Change 31.12.08 / 31.12.07
Directly-owned stores	314.4	294.01	+6.9%
Network services	201.0	195.4	+2.9%
Sales of goods	134.4	128.4	+4.7%
of which promotional sales 2	48.2	37.1	+29.8%
Sales of services	66.6	67.01	-0.6%
Total turnover, excluding tax	515.3	489.4	+5.3%
Turnover excluding promotional sales2	467.2	452.1	+3.3%

Directly-owned stores: turnover of €314.4 million, up 6.9%

Turnover at directly-owned stores grew by 6.9% over the twelve-month period on the back of the full effect of the new stores built and purchased: seven stores in 2007 (36,449 m²) and two stores in the first half of 2008 (7,500 m²).

On a like-for-like store basis, and with the positive impact of the stores transferred and/or expanded at Dax (+2,650 m²), Saint-Junien (+2,546 m²) and Balaruc (+4,151 m²), turnover was down by 0.5%.

Turnover in Q4 was basically stable (-0.3%) at current surface area and down by 2.6% on a like-forlike store basis.

At 31 December 2008 directly-owned stores consisted of 74 stores operating across the Mr. Bricolage brand in France, with a total surface area of 301,800 m² (excluding 3,081 m² in Niort which are temporarily out of operation following a fire).

Network services: turnover of €201 million, up 2.9%

Turnover at 31 December 2008 was up 2.9%, with sales of services down slightly (€66.6 million compared to €67.0 million). The sharp rise in promotional sales² reflects a sourcing decision made in 2008 (+29.8% in sales passing through the outsourced logistics platforms over the period).

Brand networks: €1,892.8 million, up 1.2% (at current surface area)

In € million - Turnover including tax	31.12.08	Change at current surface area
Total network turnover	1,892.8	+1.2%
- of which Mr. Bricolage network	1,765.7	+1.6%
- of which Catena network	127.1	-2.9%

During the year there were 25 store openings and 23 expansions, resulting in an increase of 74,400 m² in gross surface area compared to 31 December 2007: the group now consists of 527 stores covering 1,334,000 m².

At 31 December 2008, the 421 Mr. Bricolage stores and 106 Catena stores operated total retail space of 1,233,000 m² and 101,400 m² respectively.

The networks performed well (on a like-for-like store basis), in a DIY market in mainland France that has contracted by 1.1% in absolute terms over the year (source: Banque de France). Turnover including tax dipped slightly for the Mr. Bricolage network (-0.4%) and remained stable for the Catena network (+0.1%).

Outside France, the 49 Mr. Bricolage stores operating in nine countries recorded €192.5 million in turnover including tax, a 16.7% increase at current surface area and up 8.3% on a like-for-like store basis.

Improved financial structure of Mr Bricolage SA in 2008

As forecast, the Group's net debt had been cut by around 20% at 31 December 2008 compared to 31 December 2007. In particular, there was a €56 million increase in the cash position.

2009: Continuation of the policy of acquiring directly-owned stores

Mr Bricolage SA announces the completed acquisition of seven stores, representing some 24,000 m² and turnover including tax in 2008 of around €34 million. Three stores were purchased from the Huet group (Loudéac, Pontivy, Carhaix) on 8 January and three from the Wolseley group (Chaumont, Eu, Abbeville) on 30 January. The Parthenay store was purchased on 2 February 2009.

A further acquisition is scheduled to take place during the year, bringing the total number of stores purchased in 2009 to eight.

In € million At current scope	Q1			Q2		Q3			Q4
	2008	2007	Change	2008	2007	Change	2008	2007	Change	2008	2007	Change
Directly-owned stores	70.8	66.41	+6.7%	83.5	76.01	+9.9%	87.4	78.51	+11.3%	72.6	72.91	-0.3%
Network services	53.3	54.6	-2.2%	52.2	52.9	-1.3%	51.9	47.5	+9.3%	43.4	40.3	+7.7%
Sales of goods	36.8	37.5	-1.8%	34.5	35.3	-2.3%	32.8	29.4	+11.6%	30.3	26.2	+15.6%
of which promotional 2 sales	16.8	15.0	+11.6%	11.8	11.4	+3.1%	10.3	6.9	+49.7%	9.3	3.8	+148.1%
Sales of services	16.6	17.11	-3.2%	17.8	17.71	+0.6%	19.1	18.11	+5.4%	13.2	14.21	-6.9%
Total turnover, excluding tax	124.2	121.0	+2.7%	135.8	129.0	+5.3%	139.3	126.0	+10.5%	116.1	113.2	+2.5%
Turnover excluding 2 promotional sales	107.4	105.9	+1.4%	124.0	117.6	+5.5%	129.0	119.1	+8.2%	106.8	109.5	-2.5%

(1) The Immobilière Mr Bricolage business was restated in the 2007 financial statements as an "asset held for sale" following its sale to Icade on 1 January 2008.

(2) Promotional sales are sales of promotional goods passing through the outsourced logistics platforms.

ABOUT MR BRICOLAGE

Mr Bricolage is a leading French DIY retailer, with 478 stores in France and 49 stores in nine other countries. The group operates over 1,330,000 m² of retail space across the Mr. Bricolage and Catena under the Mr. Bricolage and Catena brands, and has 11,000 employees worldwide. Its turnover for the full-year 2008 reached approximately €1.89bn.

Next press release: 2008 annual results Tuesday, 24 February, after market close

Investor and Shareholder contacts Press contact

Mr Bricolage SA ACTIFIN ACTIFIN Eve JONDEAU Nicolas MEUNIER Julie DEROUCH Tel: +33 (0)2 38 43 21 88 Tel: +33 (0)1 56 88 11 11 Tel: +33 (0)1 56 88 11 11 eve.jondeau@mrbricolage.fr nmeunier@actifin.fr jderouch@actifin.fr

www.mr-bricolage.fr/groupe