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Investor Presentation May 2017

CONVENIENCE ESSENTIAL DAILY NEEDS WITH EXTENDED SHOPPING HOURS 相 CONVENIENCE • Format in constant evolution, adapting to changing social and consumption trends • On top of generalist stores, multiple tests of specialized convenience concepts across countries (organic stores, etc.) • Last 2 countries to launch convenience format: Brazil and China, well received by consumers 6,500 Average SKUs 7,075 stores 255 Average Sqm 12€ Average basket (Italy) INVESTOR PRESENTATION May 2017| 58

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