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Investor Presentation May 2017

Q1 2017 TAKEAWAYS Continued momentum, with strong LFL and overall sales growth in Q1: • Solid sales growth in Q1 • LFL sales growth in France, solid performance of smaller formats . Further growth in Europe on the back of strong comparables Continued strong sales growth in Latin America despite slowdown in inflation and a persistently difficult economic environment • Sequential improvement in Asia, continued growth in Taiwan Target of 3% to 5% FY2017 sales growth at constant exchange rates confirmed Building on our key strengths: Relevance of our food-based model Balanced country portfolio Multi-format and omnichannel approach Carrefour Q1 2017 sales I asy Page 55

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