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Investor Presentation May 2017

2016 NET SALES AND RECURRING OPERATING INCOME BY REGION NET SALES RECURRING OPERATING INCOME (in €m) 2015 2016 Organic growth ex petrol ex calendar Variation at current exch. rates 2015 2016 Variation at constant exch. rates Variation at current exch. rates France 36,272 35,877 -0.9% -1.1% 1,191 1,031 -13.4% -13.4% Other European countries 19,724 20,085 +2.2% +1.8% 567 712 +25.7% +25.5% Europe 55,996 55,962 +0.3% -0.1% 1,758 1,743 -0.8% -0.9% Latin America 14,290 14,507 +16.2% +1.5% 705 711 +3.7% +0.9% Asia 6,659 6,176 -3.8% -7.3% 13 -58 n/a n/a Emerging markets 20,949 20,683 +9.6% -1.3% 718 653 -7.0% -9.0% Global functions -31 -45 n/a n/a TOTAL 76,945 76,645 +3.0% -0.4% 2,445 2,351 -3.2% -3.8% INVESTOR PRESENTATION May 2017 | 42

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