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125

2014 Registration Document

Comments on 2014 fiscal year

4

Q1 Gross Sales for 2015

Variation of first quarter 2015 sales

Change at current

exchange rates

inc. petrol

Change at constant

exchange rates

inc. petrol

LFL

inc. petrol

LFL

ex calendar

ex petrol

France

+3.6%

+3.6%

(0.7)%

+2.5%

Hypermarkets

(0.3)%

(0.3)%

(0.4)%

+2.1%

Supermarkets

(2.6)%

(2.6)%

(2.1)%

+2.5%

International

+8.4%

+4.5%

+2.5%

+2.2%

Other European countries

+2.2%

+2.1%

+0.6%

+0.9%

Spain

(1.2)%

(1.2)%

(1.1)%

+0.3%

Italy

+6.4%

+6.4%

(0.2)%

(1.0)%

Belgium

(0.2)%

(0.2)%

+1.9%

+2.1%

Latin America

+18.7%

+16.4%

+13.0%

+12.5%

Brazil

+13.6%

+13.0%

+9.1%

+8.4%

Asia

+6.6%

(9.5)%

(10.2)%

(11.3)%

China

+4.2%

(11.8)%

(12.8)%

(14.0)%

GROUP TOTAL

+6.2%

+4.0%

+1.0%

+2.3%

Expansion under banners – First quarter 2015

In Q1 2015, Carrefour opened or acquired 670,000 gross sq. m. Net of disposals and closures, the network added 630,000 sq. m in the quarter.

Thousands of sq m

Dec 31, 2014

Openings/Store

enlargements

Acquisitions

Closures/Store

reductions

Total Q1

2015 change

March 31, 2015

France

5,189

1

578

(10)

569

5,758

Europe (ex France)

5,753

59

(29)

30

5,783

Latin America

2,173

3

3

2,176

Asia

2,757

18

(13)

5

2,762

Others

(1)

761

10

10

771

GROUP

16,633

91

578

(52)

617

17,250

(1) Maghreb, Middle East and Dominican Republic.