Investor Presentaiton

Jawoll's history Mr Dieter Stern opens the first Jawoll store in Soltau COMPANY HISTORY Consolidation of distribution between the four partners Acquisition and Integration of a small chain (HAFU) Introduction of a new ERP 1985 1987 2000 2007 2008 2009 2012 2014 Association of local retailers under the Jawoll brand Ingo Stern and Ralf Hartwich take over the business Progressed integration of Jawoll stores & expanded DC capacity Jawoll becomes part of B&M. JAWOLL KEPT GROWING... 56 . 48 49 50 24 45 41 42 182 36 27 163 2 155 154 141 143 146 113 105 1 2007 2008 2009 2010 2011 2012 2013 Net sales (€m) Own stores FY 2015 FY 2016 11 months ending March 2015 ...AND GENERATING HEALTHY MARGINS • . Jawoll has consistently generated healthy EBITDA margins since 2007. Jawoll operates in OOT retail parks and stand-alone stores, usually near mainstream hypermarkets and specialist retailers. The Jawoll brand enjoys strong recognition in its catchments through extensive marketing activity over many years. Jawoll benefits from a loyal and experienced team of 1,200 colleagues. 1 Years 2007 to 2013 are December Year-ends and German GAAP 2 FY15 (11 months) and FY16 are March Year-ends and IFRS June 2016 - Germany Analyst and Investor Day 14

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