Acquisition of Grupo BIG

The transaction will greatly benefit Brazilian consumers... We have been protecting and improving the purchasing power of our customers... » Atacadão & Carrefour have best-in-class models in, respectively, Cash & Carry and Hypermarkets » We offer the lowest prices across the food retail market Consumers 1. Carrefour Price Index Price Index as of Dec/201: 103 101 100 Atacadão Player A 107 103 100 Player B Carrefour Player A Player B making their lives easier and better » High level of services inside and outside our stores, thanks to our well-trained employees and state-of-the-art infrastructure » Fully integrated omnichannel experience through our stores, e-commerce offers, instant delivery, partnerships, unified app and loyalty program » Quality and healthy products from local and carefully selected suppliers ("Act for Food") as well as our private label or exclusive brands' SKUs 18

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