Acquisition of Grupo BIG

1 A unique opportunity to enhance and expand our ecosystem ATACADÃO Carrefour bain Carrefour express A compelling strategic rationale .com Carrefour banco carrefour property Carrefour market 2 An operation benefiting all stakeholders C++ Maxi ATACADO GRUPO BIG BIG BIG Nacional b bompreço Super bompreço Sam's CLUB TodoDia Preço baixo perto de você. ✓ Strong geographic complementarity between the two players, with combined revenues of ~R$100bn ✓ Addition of a high-growth potential format with Sam's Club ✓ Larger variety of products and services to more customers at even more competitive prices ✓ Additional investments and job creation across the country with store conversions and expansion 3 ✓ Attractive enterprise value of R$7.0bn (pre-IFRS16) Attractive value creation ✓ Significant annual synergies expected to reach R$1.7bn three years after closing 5

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