Investor Presentaiton

Margin comparison bm (% of FY16 net sales) Jawoll 34.3% Gross Margin 37.9% Mix effect: Jawoll sells more Non-Grocery items than B&M • Property (5.5%) (18.6%) Store costs (20.6%) • Staff (11.1%) • Marketing (2.5%) • 15.8% Store Contribution 17.3% Indirect Store overheads (1.5%) (4.0%) Transport & Distribution (3.9%) (1.8%) Central overheads (4.1%) . 10.0% Adjusted EBITDA¹ 9.3% 1 Adjusted EBITDA excluding pre-opening costs bm June 2016 - Germany Analyst and Investor Day Relatively modest Store estate Includes one-off investments ahead of growth 24 24

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