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Consolidated Financial Statements as of December 31, 2015

Notes to the Consolidated Financial Statements

Percent

Percent

interest used in

interest used in

FRANCE

consolidation FRANCE

consolidation

Digital Media Shopper

100.0 Lapalus

100.0

Diplo

99.96 Le Courtemblet

100.0

Distrival

100.0 Le Phenix

100.0

Dorel

99.9 Les Tasseaux

51.0

Ecalhan

51.0 Les Vallees

51.0

ED Franchise

100.0 Logidis

100.0

EPG

66.0 Logisticadour

100.0

Erteco

100.0 Ludis

100.0

Erteco France

100.0 LVDIS

100.0

Faldis

99.9 Maison Joannes Boubee

100.0

Favicar

100.0 Market Pay

100.0

Fct Master Credit Card 2013

60.0 Market Pay Tech

100.0

Financiere Rsv

100.0 Matolidis

100.0

Finifac

100.0 Maximoise De Creation

51.0

Forum Developpement

100.0 Melgven Distribution

100.0

Gamacash

100.0 Menudis

100.0

Geilerop

100.0 Michel Hochard

100.0

Genedis

100.0 Monteco

100.0

Gernimes

100.0 Montel Distribution

100.0

GIE Carrefour Personal Finance Services

57.5 Morteau Distribution

100.0

GM Carrefour

100.0 Mpf Podiroux

100.0

Grandvins-privés.com

100.0 Mph Distri

99.9

Guilvidis

99.9 Newmag

100.0

Guyenne & Gascogne

100.0 Nosael

51.0

GVTIMM

51.0 Nova.Dis

100.0

Hauts De Roya

100.0 On Line Carrefour

100.0

Hermes

100.0 Ooshop

100.0

Hyparlo

100.0 OPCI Kart CRF

100.0

Hyperadour

100.0 PRM

100.0

Hypermarchés De La Vezère

50.0 Pasdel

99.9

Immauffay

51.0 Phivetol

100.0

Immo Artemare

51.0 Ploraudis

100.0

Immo Bacqueville

51.0 Profidis

100.0

Immobiliere Carrefour

100.0 Profidis et Cie

99.9

Immobiliere Erteco

100.0 Prolacour

100.0

Immocyprien

51.0 Ressons

51.0

Immodis

100.0 Saint Hermentaire

100.0

Immodivine

51.0 Sainte Victoire Distribution

100.0

Immoloubes

51.0 Sam Prospective

90.0

Immotournay

51.0 Samad

100.0

Interdis

100.0 Selima

100.0

Kergalys

100.0 Seloja

51.0

La Baudrière

51.0 Sigoulim

51.0

La Croix Vignon

51.0 Société Des Nouveaux Hypermarchés

100.0

La Gersoise

51.0 Sodico

100.0

Lalaudis

99.0 Sodimob

100.0

Lann Kerguen

51.2 Sodimodis

100.0

2015 REGISTRATION DOCUMENT

219