Carrefour - 2017 Registration Document

5 CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2017 Notes to the Consolidated Financial Statements CARREFOUR | 2017 REGISTRATION DOCUMENT 287 FRANCE Percent interest used in consolidation SOVAL 100 STELAUR 99.9 STENN 100 STORYDIS 100 SUPER AZUR 100 SUPERADOUR 100 SUPERDIS 96.5 TOP CONSO OPCO 100 TOP CONSO PROPCO 100 TOP CORRECTION OPCO 100 TOP CORRECTION PROPCO 100 TROTTEL 50 UNIVU 100 VAN K 100 VEZERE DISTRIBUTION 50 VIZEGU 90.1 GERMANY Percent interest used in consolidation CARREFOUR PROCUREMENT INTERNATIONAL AG & CO. KG 100 ARGENTINA Percent interest used in consolidation BANCO DE SERVICIOS FINANCIEROS SA 60 INC SA 100 BELGIUM BELGIUM Percent interest used in consolidation Percent interest used in consolidation BRUGGE RETAIL ASSOCIATE 100 CAPARBEL 100 CARREFOUR BELGIUM 100 CARREFOUR FINANCE 100 CARUM 100 DE NETELAAR 100 DRIVE 1 100 DRIVE 2 100 ECLAIR 100 FILUNIC 100 FIMASER 60 GROSFRUIT 100 HALLE RETAIL ASSOCIATE 100 FIRST IN FRESH 100 HEPPEN RETAIL ASSOCIATE 100 MARKET A1 CBRA 100 MARKET B2 CBRA 100 MARKET C3 CBRA 100 MARKET D4 CBRA 100 MARKET E5 CBRA 100 MARKET F6 CBRA 100 ORTHROS 100 ROB 100 SCHILCO 100 SOUTH MED INVESTMENTS 100 STIGAM 100 VANDEN MEERSSCHE NV 100 BRAZIL Percent interest used in consolidation ATACADAO DISTRIBUICAO COMERCIO E INDUSTRIA SA 72 BANCO CSF SA 36.6 BSF HOLDING SA 36.6 CARREFOUR COMMERCIO E INDUSTRIA LTDA 72 CMBCI INVESTIMENTOS E PARTICIPAÇÕES LTDA 72 COMERCIAL DE ALIMENTOS CARREFOUR SA 72 IMOPAR PARTICIPCOES E ADMINISTRACAO IMOBILIARIA LTDA 72 PANDORA PARTICIPACOES LTDA 72 RIOBONITO ASSESSORIA DE NEGOCIOS LTDA 72 TROPICARGAS TRANSPORTES LTDA 72 VERPARINVEST SA 72 CHINA Percent interest used in consolidation BEIJING CARREFOUR COMMERCIAL CO., LTD 55.0 BEIJING CHAMPION SHOULIAN COMMUNITY CHAIN STORES CO., LTD 100 BEIJING CHUANGYIJIA CARREFOUR COMMERCIAL 100 BEIJING REPRESENTATIVE OFFICE OF CARREFOUR SA 100 CARREFOUR (CHINA) CONVENIENCE STORE INVESTMENT CO., LTD 100 CARREFOUR (CHINA) MANAGEMENT & CONSULTING SERVICES CO., LTD 100 CARREFOUR (SH) E-COMMERCE CO., LTD 100 CARREFOUR (SH) SUPPLY CHAIN CO., LTD 100 CARREFOUR (SHANGHAI) INVESTMENT MANAGEMENT AND CONSULTING SERVICES CO., LTD 100 CHANGCHUN CARREFOUR COMMERCIAL CO., LTD 100