CARREFOUR : RELEASE

Regulatory News:

Carrefour (Paris:CA) announces that Atacadão S.A., the parent company of all the activities of Carrefour in Brazil (Grupo Carrefour Brasil), filed yesterday with the Brazilian Securities Commission (CVM) a draft preliminary prospectus in the context of the previously-announced project to list its shares on the Novo Mercado. The draft prospectus notably contains historical financial information related to Grupo Carrefour Brasil. A summary of the main information is set forth below.

BRL million1

2014

2015

2016

Q1 2016

Q1 2017

Net sales

34,812

39,217

44,957

10,472

11,227

Adjusted EBITDA2

2,358

2,867

3,381

683

729

EBIT

1,781

2,281

2,655

511

545

Net income

737

985

1,363

182

199

Net income Group share

528

766

1,174

136

161

Such historical information and other data about our Brazilian operations will be available in Portuguese on the website of the CVM.

This press release does not constitute an offer of securities for sale in Brazil. Atacadão S.A. has filed with the Brazilian Securities Commission (CVM) a request for registration of an initial public offering of shares. Any such public offering of shares shall take place, should market conditions permit to do so, by means of the offering documents to be released in compliance with the Brazilian securities regulation, including Portuguese language Prospectuses. Investors must carefully read the Prospectuses, especially the "Risk Factors" section of Atacadão’s Prospectuses and Reference Form, prior to making any investment in Atacadão's shares, if and when any offering takes place.

This press release is not intended for publication or distribution, directly or indirectly, in or into the United States. This press release does not constitute an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration. Securities of Atacadão have not been, and will not be, registered under the US Securities Act.

1 Group reference exchange rates EUR/BRL: 3.12 for 2014, 3.67 for 2015, 3.82 for 2016, 4.29 for Q1 2016 and 3.35 for Q1 2017

2 Adjusted for logistics depreciation and amortization, holding costs and non-recurring items

View source version on businesswire.com: http://www.businesswire.com/news/home/20170523006668/en/

Investor relations:Mathilde Rodié, Anne-Sophie Lanaute, Louis Igonet+33 (0)1 41 04 28 83orShareholder relations+33 (0)805 902 902 (n° vert en France)orGroup press relations:France: [phone]Brazil: [phone]