Mr Bricolage — Earnings Release 2011

Aug 31, 2011

PRESS RELEASE

31 August 2011

Growth of H1 2011 results

› Turnover: €287.7 million (+0.3%) › Ordinary operating profit(1): €18.6 million (+2.1%) › Net profit, Group share(2): €7.9 million (+2.5%)

The Board of Directors of Mr Bricolage SA met on 31 August 2011 to approve the Group's audited condensed consolidated half-yearly financial statements.

€ million, at 30 June	2011	2010 adjusted 3	Change
Consolidated turnover	287.7	286.8	+0.3%
EBITDA	24.9	24.2	+2.8%
Operating profit (loss) Directly-owned Stores Network Services	18.6 (4.5) 23.6	17.8 (5.1) 23.5	+4.4% +10.8% +0.6%
Ordinary operating profit (loss)1 as % of turnover Directly-owned Stores Network Services	18.6 6.5% (4.4) 23.5	18.2 6.4% (4.8) 23.6	+2.1% +9.4% (0.7%)
Net finance expense	(4.5)	(2.3)	n/a
Share of loss of associates	(0.6)	(1.0)	+34.6%
Net profit (loss) from assets held for sale	(0.0)	(0.4)	n/a
Net profit, Group share2 as % of turnover	7.9 2.8%	7.7 2.7%	+2.5%

(1) Operating profit excluding gains (losses) on disposals and non-recurring items

(2) Net profit (loss), Group share

(3) Adjusted = the 2010 result was adjusted for the reclassification of SCI REDON in Network Services (previously in Directly-owned Stores)

Operating profit: €18.6 million, up by 4.4%

Operating profit in H1 2011 totalled €18.6 million, compared with €17.8 million in H1 2010, and included few non-recurring operational items. This increase applied to all the businesses:

Directly-owned Stores: upturn recorded

This business posted an operating loss of €4.5 million, an improvement of €0.5 million on the €5.1-million loss recorded in the first half of 2010.

With turnover virtually unchanged, this upward trend was primarily linked to the 0.5-point improvement in the gross margin.

At end-June 2011, there were 88 stores in France, including 86 Mr Bricolage stores operating 368,400 m² and two Briconautes stores operating 9,800 m².

Network Services: operating profit stable

Operating profit totalled €23.6 million, basically stable compared with H1 2010 (+0.6%). It includes a high level of investments connected to the launch of projects for networks (the 'Design by' label, store brands, information systems) and the positive development of business at the networks: opening of 24 Mr Bricolage stores (including 13 transfers from former Catena and Briconautes stores), 1 directly-owned pilot store with L'Entrepôt du Bricolage in Amphion and 5 new affiliates of the Club.

Net profit, Group share: €7.9 million, up by 2.5%

Net profit, Group share amounted to €7.9 million, compared with €7.7 million in H1 2010, an increase of 2.5%. Specifically, this includes unfavourable exchange rate effects for around €0.9 million, increased borrowing costs and a share in the loss of associates of €0.6 million.

Financial structure still robust

With €228 million of shareholders' equity and Group net borrowing totalling €176.9 million, the gearing ratio(4) was 77.6% at 30 June 2011.

Continued implementation of the plan to reduce Group debt should make it possible to bring net financial debt to around €160 million by the end of the year.

2011 objectives

The Group confirms the objectives set for 2011:

• an increase in ordinary operating profit in line with the increase in turnover,
• an investment programme totalling some €20 million, with €9 million already invested in the first half.

(4) (Net financial debt) / (shareholders' equity)

ABOUT THE MR BRICOLAGE GROUP

Mr Bricolage is the no. 1 in the local DIY market in France (586 stores) and has 56 stores in nine other countries. Its Mr Bricolage, Catena, Les Briconautes and Les Jardinautes chains combined have over 1,600,000 m² of retail space. It also has 268 affiliates. With more than 12,000 employees, the group's networks represent total annual turnover including tax of €2.1 billion.

Next press release on 9 November 2011, after market close Q3 2011 turnover

Investor and shareholder contacts Media contact

Eve JONDEAU Nicolas MEUNIER Charlène MASSON Tel: 02 38 43 21 88 Tel: 01 56 88 11 11 Tel: 01 56 88 11 11 eve.jondeau@mrbricolage.fr nmeunier@actifin.fr cmasson@actifin.fr

Mr Bricolage SA ACTIFIN ACTIFIN

www.mr-bricolage.com