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Overview of activities, risk factors

2.2 Presentation of Danone

DANONE

REGISTRATION DOCUMENT 2015

14

Top 10 countries in terms of sales

Year ended December 31

2015

United States

11%

France

10%

China

7%

Russia

7%

United Kingdom

6%

Indonesia

6%

Argentina

6%

Mexico

5%

Spain

5%

Germany

4%

The evolution of this ranking compared to last year should be read

taking currency fluctuations into account, especially their high

volatility on emerging markets.

Top 10 customers

In 2015, Danone's top 10 customers worldwide (of which five are

French) accounted for approximately 18% of its consolidated sales;

the top five customers represented approximately 12% of its con-

solidated sales.

Europe

CIS & North America

ALMA