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210 2014 Registration Document

Consolidated Financial Statements Year ended December 31, 2014

5

Notes to the Consolidated statements

FRANCE

Percent

interest used in

consolidation

Scomondis

50.0

Scycadis

50.0

Seredis

26.0

SIFO

50.0

SMD

50.0

SME

50.0

Socadis

50.0

Socadis Cavalaire

50.0

Sodibor

50.0

Sodyen

50.0

Sofidis

50.0

Solandis

34.0

Soquimdis

50.0

Sovadis

50.0

St Paul de Distribution

50.0

Sté du Dépôt Pétrolier de Nanterre

20.0

Sté Financière Geric

34.9

Tardis

50.0

Turenne

50.0

Valmendis

50.0

BELGIUM

Percent

interest used in

consolidation

Mestdagh

25.0

ITALIA

Percent

interest used in

consolidation

Consorzio Cieffea

49.9

Consorzio Proprietari Centro Commerciale

Assago

49.9

Consorzio Proprietari Centro Commerciale

Romanina

46.3

Consorzio Proprietari Centro Commerciale

Siracusa

33.3

Iper Orio SPA

49.9

Iper Pescara SPA

49.9

SCARL Shopville Le Gru

39.3

POLAND

Percent

interest used in

consolidation

C Services

30.0

ROMANIA

Percent

interest used in

consolidation

Ploiesti Shopping City

50.0

SPAIN

Percent

interest used in

consolidation

2013 Couñago Nevado

26.0

2013 Cid Otero

26.0

2013 Albadalejo Valencia

26.0

2013 Martinez Carrion

26.0

2013 Gisbert Cataña

26.0

2013 Sobas Romero

26.0

2013 Corcoles Argadoña SL

26.0

2011 Cayetano Panelles, SL

26.0

2013 Alvaro Efrem Jimenez

26.0

2013 Cordoba Rodriguez

26.0

2013 Erik David

26.0

2013 Flores Hernandez

26.0

2013 Lizanda Tortajada

26.0

2013 Nayara S.Martin

26.0

2013 Vicente Arlandis

26.0

Antonio Perez, S.L

26.0

Costasol De Hipermercados, SL

34.0

Diagonal Parking, S.C.

58.0

Glorias Parking SA

50.0

Hegervis Mataro, SL

26.0

Iliturgitana de Hipermercados, SL

34.0

JM.Marmol Supermercados. SL

26.0

J.Carlos Vazquez, SL

26.0

Luhervasan, SL

26.0

Sagrada Familia, SL

26.0

Supermercados Centeno SL

26.0

Valatroz

26.0

TUNISIA

Percent

interest used in

consolidation

Ulysse

25.0

TURKEY

Percent

interest used in

consolidation

Carrefour Sabanci Ticaret Merkezi AS

CarrefourSA

46.2