1 Second Supplement Dated 10 October 2016 to The

SECOND SUPPLEMENT DATED 10 OCTOBER 2016 TO THE EURO MEDIUM TERM NOTE PROGRAMME BASE PROSPECTUS DATED 8 JANUARY 2016

OF CASINO, GUICHARD-PERRACHON CASINO FINANCE

Euro 9,000,000,000 Euro Medium Term Note Programme

Due from one month from the date of original issue

Unconditionally and irrevocably guaranteed by Casino, Guichard-Perrachon in respect of Notes issued by Casino Finance

This second supplement (the “Second Supplement”) is supplemental to, and should be read in conjunction with, the Base Prospectus dated 8 January 2016 (the “Base Prospectus”) and with the First Supplement to the Base Prospectus dated 30 March 2016 (the “First Supplement”) which was approved by the Commission de Surveillance du Secteur Financier (the “CSSF”) prepared in relation to the Euro 9,000,000,000 Euro Medium Term Note Programme of Casino, Guichard-Perrachon (“Casino” or, in its capacity as issuer, an “Issuer” and Casino Finance (“Casino Finance” or an “Issuer” (together with Casino, in its capacity as issuer, the “Issuers” )) (the “Programme”). On 8 January 2016, the CSSF approved the Base Prospectus as a base prospectus for the purposes of article 5.4 of Directive 2003/71/EC as amended (the “Prospectus Directive”) and article 7 of the Luxembourg Law on prospectuses for securities dated 10 July 2005, as amended (the “Luxembourg Law”).

This Second Supplement constitutes a supplement to the Base Prospectus for the purposes of article 16 of the Prospectus Directive and article 13 of the Luxembourg Law in order to (i) incorporate by reference the French language version of the Document de Référence for the period from 1 January 2015 to 31 December 2015 (the “2015 Document de Référence”), the French language version of the Rapport Financier Semestriel for the period from 1 January 2016 to 30 June 2016 (the “Interim Report First Half 2016”) and the annual financial statements of Casino Finance for the year ended on 31 December 2015 (ii) update the section “Recent Developments” on pages 75 et seq. of the Base Prospectus as amended by the First Supplement and (iii) update the section “General Information” on pages 123 et seq of the Base Prospectus as amended by the First Supplement.

The relevant Issuer and the Guarantor accept responsibility for the information contained in this Second Supplement. The CSSF assumes no responsibility as to the economic and financial soundness of any transaction and the quality and solvency of the relevant Issuer and the Guarantor in line with the provisions of article 7(7) of the Luxembourg Law. Each of the Issuers and the Guarantor declares that, having taken all reasonable care to ensure that such is the case, the information contained in this Second Supplement is, to the best of its knowledge, in accordance with the facts and does not omit anything likely to affect the import of such information.

Save as disclosed in this Second Supplement, there has been no other significant new factor, material mistake or inaccuracy relating to information included in the Base Prospectus since the publication of this Base Prospectus. To the extent that there is any inconsistency between (a) any statements in this Second Supplement and (b) any other statement in, or incorporated by reference into, the Base Prospectus, the statements in (a) above will prevail.

Unless the context otherwise requires, terms defined in the Base Prospectus shall have the same meaning when used in this Second Supplement. The Second Supplement is available on (i) the website of the Issuer (http://www.groupe-casino.fr/en/investor- relations/bonds/) and (ii) the website of the Luxembourg Stock Exchange (http://www.bourse.lu).

TABLE OF CONTENTS

Page

DOCUMENTS INCORPORATED BY REFERENCE ...... 3 RECENT DEVELOPMENTS OF THE ISSUER ...... 9 GENERAL INFORMATION ...... 44

DOCUMENTS INCORPORATED BY REFERENCE

The section entitled “Documents Incorporated by Reference” on pages 21 et seq. of the Base Prospectus shall be replaced by the following:

“The Base Prospectus should be read and construed in conjunction with the following documents all of which are incorporated by reference in the Base Prospectus and which Casino has filed with the CSSF:

(1) the French language version of the Document de Référence for the year ended 31 December 2013 which was filed with the Autorité des Marchés Financiers on 3 April 2014 under the number D.14- 0281 (the “2013 Document de Référence”) except for the third paragraph of the section “Statement by the person responsible for the Registration Document” on page 272 and for the other information incorporated by reference on page 273;

(2) the French language version of the Document de Référence for the year ended 31 December 2014 which was filed with the Autorité des Marchés Financiers on 16 April 2015 under the number D.15- 0355 (the “2014 Document de Référence”) except for the third paragraph of the section “Statement by the person responsible for the Registration Document” on page 327 and for the other information incorporated by reference on page 328;

(3) the French language version of the Rapport Financier Annuel for the period from 1 January 2015 to 31 December 2015 (the “2015 Annual Financial Report”);

(4) the French language version of the Document de Référence for the year ended 31 December 2015 which was filed with the Autorité des Marchés Financiers on 19 April 2016 under the number D.16- 0367 (the “2015 Document de Référence”) except for the third paragraph of the section “Statement by the person responsible for the Registration Document” and for the other information incorporated by reference on page 314 ;

(5) the French language version of the Rapport Financier Semestriel for the period from 1 January 2015 to 30 June 2015 (the “Interim Report First Half 2015”);

(6) the French language version of the Rapport Financier Semestriel for the period from 1 January 2016 to 30 June 2016 (the “Interim Report First Half 2016”)

(7) the French language version of the notice of the Issuer entitled Indicateurs non-GAAP (the “APM Guidelines”);

(8) the annual financial statements of Casino Finance for the year ended on 31 December 2013;

(9) the annual financial statements of Casino Finance for the year ended on 31 December 2014;

(10) the annual financial statements of Casino Finance for the year ended on 31 December 2015; and

(11) the terms and conditions of the notes contained in the base prospectus of Casino dated 25 October 2010 (the “2010 EMTN Conditions”), the terms and conditions of the notes contained in the base prospectus of Casino dated 17 November 2011 (the “2011 EMTN Conditions”), the terms and conditions of the notes contained in the base prospectus of Casino dated 30 November 2012 (the “2012 EMTN Conditions”), the terms and conditions of the notes contained in the base prospectus of Casino dated 3 December 2013 (the “2013 EMTN Conditions”), the terms and conditions of the notes contained in the base prospectus of Casino and Casino Finance dated 1 December 2014 (the “2014 EMTN Conditions”) and together with, the 2010 EMTN Conditions, the 2011 EMTN Conditions, the 2012 EMTN Conditions and the 2013 EMTN Conditions, the “EMTN Previous Conditions”);

Free English language translations of the documents incorporated by reference in the Base Prospectus listed in paragraphs (1) to (6) are available, for information purpose only, on the Group's website.

The annual financial statements of Casino Finance are available in French language only.

Such documents shall be deemed to be incorporated in, and form part of the Base Prospectus, save that any statement contained in a document which is deemed to be incorporated by reference herein shall be deemed to be modified or superseded for the purpose of the Base Prospectus to the extent that a statement contained herein modifies or supersedes such earlier statement (whether expressly, by implication or otherwise). Any statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of the Base Prospectus.

Casino Finance does not publish interim financial statements.

The Base Prospectus and copies of documents incorporated by reference in the Base Prospectus will be published on, and may be obtained from the websites of:

(i) the Group (except the annual financial statements of Casino Finance), at the following addresses: http://www.groupe-casino.fr/IMG/pdf/Document_de_reference_2013.pdf, http://www.groupe-casino.fr/fr/wp-content/uploads/sites/5/2015/04/1604_CASINO_DRF_2014_MEL.pdf, http://www.groupe-casino.fr/fr/wp-content/uploads/sites/5/2016/03/Rapport-Financier-Annuel-2015.pdf, https://www.groupe-casino.fr/fr/wp-content/uploads/sites/5/2016/06/CASINO_DRF_2015_MEL.pdf, http://www.groupe-casino.fr/fr/wp-content/uploads/sites/5/2015/07/Rapport-financier-S1-2015.pdf, https://www.groupe-casino.fr/fr/wp-content/uploads/sites/5/2016/08/Rapport-financier-S1-2016.pdf, https://www.groupe-casino.fr/fr/wp-content/uploads/sites/5/2009/02/Groupe-Casino-Indicateurs-non- gaap_290716.pdf http://www.groupe-casino.fr/IMG/pdf/Casino_2010_Base_Prospectus.pdf http://www.groupe-casino.fr/IMG/pdf/Casino_2011_Base_Prospectus.pdf http://www.groupe-casino.fr/IMG/pdf/Casino_2012_Base_Prospectus.pdf http://www.groupe-casino.fr/IMG/pdf/Casino_2013_Base_Prospectus.pdf, and http://www.groupe-casino.fr/fr/wp-content/uploads/sites/5/2009/02/Casino-2014_Base-Prospectus.pdf

(ii) the Luxembourg Stock Exchange (including the annual financial statements of Casino Finance), at the following address:

www.bourse.lu

The Base Prospectus is available during usual business hours on any weekday (Saturdays and public holidays excepted), for inspection at the office of the Fiscal Agent or the Paying Agent.

The information set out in the documents incorporated by reference but not included in the cross-reference list, is considered as additional information, is not required by the relevant schedules of the Commission Regulation (EC) 809/2004, as amended, and not incorporated by reference.

Cross-reference list in respect of Casino: CASINO, GUICHARD-PERRACHON

Annex IX of the 2013 2014 2015 Annual 2015 Interim Interim European Regulation Document de Document de Financial Document de Report First Report First 809/2004/EC of 29 April Référence Référence Report Référence Half 2015 Half 2016 2004

2. Statutory Auditors 2.1 Names and Page 217 Page 181 Page 109 Page 194 N/A N/A addresses of Casino’s auditors for the period covered by the historical financial information 4. Information about Casino 4.1.5 Any recent events Page 27 Pages 17 to 23 Pages 3 to 17 Pages 17 to 24 Pages 3 to 11 Pages 3 to 13 particular to Casino and which are to a material extent relevant to the evaluation of Casino’s solvency 6. Organisational Structure 6.1 If Casino is part Pages 25 to 27 Pages 5 to 11; N/A Pages 4 to 11; N/A N/A of a group, a brief Pages 111 to Pages 116 to description of the 113 118 group and of Casino’s position within it 7. Trend Information 7.1 Include a Pages 4 to 11 Pages 5 to 11; Pages 100 to Pages 4 to 11; N/A N/A statement that and 27 Pages 110 and 102 Pages 115 and there has been no 140 143 material adverse change in the prospects of Casino since the date of its last published audited financial statements.

In the event that

 The statement required in Item 7.1 is included in the General Information section of the Base Prospectus on page 123.

Casino is unable to make such a statement, provide details of this material adverse change. 9. Administrative, Management and Supervisory Bodies 9.1 Names, business Pages 188 to Pages 150 to N/A Pages 153 to N/A N/A addresses and 216; Pages 152; Pages 184; functions in 219 to 225 157 to 178; Casino and an Page 180 indication of the principal activities performed by them outside Casino where these are significant with respect to Casino 9.2 Administrative, Page 216 Page 179 N/A Pages 191 and N/A N/A Management, and 192 Supervisory bodies’ conflicts of interest 10. Major Shareholders 10.1 To the extent Pages 28 to 36 Pages 179, N/A Pages 191 and N/A N/A known to Casino, and 216 250 and 251 192; Pages state whether 268 to 270 Casino is directly or indirectly owned or controlled and by whom, and describe the nature of such control, and describe the measures in place to ensure that such control is not abused 11. Financial

Information Concerning Casino’s Assets and Liabilities, Financial Position and Profits 11.1 Historical Pages 2 and 4 Pages 2 and 4 Pages 3 and 5 Financial to 17 to 12 to 14 Information Consolidated Page 71 Page 29 Page 20 Page 35 Page 16 Page 15 Income Statement Consolidated Page 72 Page 30 Page 21 Page 36 Page 17 Page 16 Statement of Comprehensive Income Consolidated Page 73 Page 31 Page 22 Page 37 Page 18 Page 17 Balance Sheet Consolidated Page 74 Page 32 Page 23 Page 38 Page 19 Page 18 Statement of Cash Flows Consolidated Pages 76 and Pages 34 and Page 24 Page 40 and Page 20 Page 19 Statement of 77 35 41 Changes in Equity Notes to the Pages 78 to Pages 36 to Pages 25 to Pages 42 to Pages 21 to 38 Pages 20 to 44 155 144 107 120 Consolidated APM Financial Guidelines Statements pages 1 to 7

11.3.1 Statutory Page 70 Page 28 Pages 108 to Pages 34 Pages 40 to 41 Pages 45 to 47 Auditors’ report 111 on the consolidated financial statements 11.5 Legal and Pages 41 and Pages 108 and Pages 12-13, Pages 112 to Pages 9, 31, Pages 11, 34, Arbitration 149 109; Pages 46 and 98-100 114; Pages 35 and 37 37, 42 and 43 Proceedings 196 and 197 211 and 212 12. Material Pages 26 and Pages 24 and N/A Pages 28 and N/A N/A Contracts 27 25 29

Non-incorporated parts of the 2013 Document de Référence, the 2014 Document de Référence, the 2015 Document de Référence, the Interim Report First Half 2015, the 2015 Annual Financial Report the Interim Report First Half 2016 are not relevant for the investors.

Cross-reference list in respect of Casino Finance: CASINO FINANCE

Annex IX of the European Regulation 2013 Annual 2014 Annual 2015 Annual 809/2004/EC of 29 April 2004 financial statements financial statements financial statements of Casino Finance1 of Casino Finance of Casino Finance 2. Statutory Auditors 2.1 Names and addresses of Casino’s Page 2 Page I Page II auditors for the period covered by the historical financial information 11. Financial Information Concerning Casino’s Assets and Liabilities, Financial Position and Profits 11.1 Historical Financial Information Income Statement Pages 7 to 8 Pages 2 to 3 Pages 2 to 3 Balance Sheet Pages 10 to 11 Pages 5 to 6 Pages 5 to 6 Notes to the Financial Statements Page 12 to 26 Pages 7 to 22 Pages 7 to 19 11.3.1 Statutory Auditors’ report on the Pages 2 to 3 Pages I to II Pages I to III financial statements 1 The page references correspond to the pages of the PDF document. The EMTN Previous Conditions are incorporated by reference in the Base Prospectus for the purpose only of further issues of notes to be assimilated (assimilées) and form a single series with Notes already issued with the relevant EMTN Previous Conditions.

EMTN Previous Conditions

2010 EMTN Conditions Pages 37 to 68

2011 EMTN Conditions Pages 36 to 67

2012 EMTN Conditions Pages 22 to 51

2013 EMTN Conditions Pages 27 to 60

2014 EMTN Conditions Pages 29 to 60

Non-incorporated parts of the base prospectuses of Casino dated 25 October 2010, 17 November 2011, 30 November 2012, 3 December 2013 and of the base prospectus of Casino and Casino Finance dated 1 December 2014 are not relevant for the investors.”

RECENT DEVELOPMENTS

The section entitled “Recent Developments” on pages 75 et seq. of the Base Prospectus shall be completed by (i) the following statement : “As of July 28st 2016, the share capital of Casino, Guichard-Perrachon was 171 319 066,38 €. From August 1st to 25th 2016, the Issuer bought back 976 250 shares under its share purchase programme with the intention to cancel them.”

and (ii) the following press releases, available on the website of the Issuer http://www.groupe- casino.fr/en/press/all-press-releases/

“The Issuer published the following press release on 14 April 2016:

Q1 2016 SALES

 Accelerated growth in France and Latin America

 In France, good performance with +2.9% growth on organic basis and +1.5% on a same-store basis - Géant Casino: +4.0%(1) of growth (same-store and organic) with positive non-food sales and continuous gains in market share

- Leader Price: continuous growth at +7.2% on organic basis and +4.5% on a same-store basis, with gains in market share

- Performance of the Group's other banners in line with Q4 2015

 In Latin America, food sales up +8.3% on organic basis with a positive inflexion in Brazil (up +5.7% in Q4 2015) - Exito (excluding Brazil): continuous accelerating growth with good performance in all countries

- GPA Food: net improvement in activity, with organic growth of +7.8%

- Via Varejo: more moderate downturn in sales - E-commerce: growth of gross merchandise volume (GMV) of +4.2% at constant exchange rates(2)

SALES TRENDS BY SECTOR

BY SECTOR Q4 2015/Q4 2014 change Q1 2016/Q1 2015 change

Q4 Total Organic Same-store Q1 Total Organic Same-store in €m 2015 growth growth growth 2016 growth growth growth France Retail 4,942 +1.5% +2.7% +1.4% 4,548 +2.8% +2.9% +1.5% Latam Retail 3,705 -14.6% +5.7% +1.3% 3,338 -13.7% +8.3% +3.7% Latam Electronics 1,286 -36.1% -14.8% -15.2% 1,090 -34.6% -12.7% -11.8% E-commerce 873 -20.1% -7.8% -7.8% 731 -18.8% -8.3% -8.3% TOTAL GROUP 10,807 -12.3% -0.2% -2.5% 9,707 -10.6% +1.5% -0.7%

In Q1 2016, taking into account the Thailand sale that took place on March 21st, and that of Vietnam, which is currently in negotiation, the Asia segment as a whole is recognised under "discontinued activities". Consolidated sales have thus been retroactively restated at 1st January 2015 to exclude these activities for all the periods presented.

As of Q1 2016, sales were 9.7 billion euros, up +1.5% on an organic basis. They were affected by a negative foreign exchange effect of -14.3% and by a positive scope effect of +0.9%.

NB: Organic and same-store changes exclude petrol and calendar effects (1) Excluding business primarily from Codim (4 hypermarkets) in Corsica (2) GMV (gross merchandise volume): sales volume including tax, figures provided by the subsidiary

. France Retail

Q4 2015/Q4 2014 change Q1 2016/Q1 2015 change

Q4 Total Organic Same-store Q1 Organic Same-store BY BANNER Total growth 2015 growth growth growth 2016 growth growth

Hypermarkets(1) 1,258 +0.3% +2.7% +2.8% 1,083 +2.9% +3.8% +3.8%

of which Géant 1,187 +0.5% +3.0% +3.0% 1,022 +2.9% +4.0% +4.0% Casino

Leader Price 673 +4.7% +7.5% +3.0% 632 +6.2% +7.2% +4.5%

Monoprix 1,127 +3.0% +2.8% +0.1% 1,050 +3.3% +2.3% -0.4%

SM Casino 797 -1.4% -0.4% 0.0% 753 +1.6% +1.9% +0.2%

Franprix 423 -3.7% -2.5% +0.1% 403 -3.5% -2.9% +0.1%

Convenience 664 +5.0% +4.7% +2.4% 628 +4.2% +3.9% +1.1% & Other(2)

o/w Convenience 335 +7.1% +5.9% +6.1% 342 +4.9% +4.2% +2.3%

FRANCE RETAIL 4,942 +1.5% +2.7% +1.4% 4,548 +2.8% +2.9% +1.5%

In France total sales were €4,548m, up +2.9% on an organic basis and +1.5% on a same-store basis in Q1 2016. Traffic was up +0.8%. Market share in France rose +0.1 pt over the last Kantar P03 period.

 At Géant Casino, whose sales continue to grow at +4.0% on a same-store basis, non-food sales are now positive and up +1.8% on a same-store basis. The banner continues to gain market share: up +0.2pt over the last Kantar P03 period.

 Leader Price posted steady sales growth of +7.2% on an organic basis and +4.5% on a same-store basis. The franchise development is growing steadily (191 stores transferred in total since Q2 2015). The banner posted an increase in market share: +0.1pt over the last Kantar P03 period.

 Monoprix posted strong performance with organic sales up +2.3%, boosted by dynamic expansion (gross opening of 80 stores since Q2 2015). Food sales were virtually stable over the quarter, and performance satisfactory for Household and Leisure on a same-store basis.  Same-store sales at Supermarchés Casino are positive. Traffic was up, driven by the new loyalty programme and the success of promotional operations. Organic growth was boosted by the opening of 5 new integrated stores and the affiliation of 6 new franchises since Q2 2015.  Sales at Franprix are positive on a same-store basis with a sequential improvement in traffic. Organic and published sales are still affected by the stores disposal requested by the French Competition Authority, transfers to other banners and franchises (in total 60 stores were transferred to franchises since Q2 2015).  Same-store figures for Proximity now include a majority of Leader Price Express stores more than one year old. Total growth is being driven by strong performance by franchises, with the opening of 306 stores since Q2 2015.

(1) Including Géant Casino and mainly the business of the four Codim stores in Corsica

(2) Other: mainly Vindémia and Cafeterias

. Latam Retail Food sales in Latin America are up compared to the previous quarter, +8.3% on an organic basis and +3.7% on a same-store basis (vs +5.7% and +1.3% respectively in Q4 2015).

 Growth at Exito Group (excluding the effect of consolidating GPA's sales) was still accelerating in Q1 2016, driven by Colombia, as well as Uruguay and Argentina.

Exito will publish its Q1 figures in full on 25 April 2016.

 Food sales in Brazil (GPA Food) improvement was marked, up +7.8% on an organic basis and +2.2% on a same-store basis. Assaí continues to enjoy very good performances with sales up +36.2% on an organic basis, driven by same-store sales and very dynamic expansion. Traffic is up on Q4 2015. Multivarejo posted stronger sales at Pão de Açúcar and at its convenience formats, with gains in market share. Extra began posting stronger sales under the first effects of its relaunched sales policy and renovations.

GPA provided a detailed report on its Q1 sales on 12 April 2016.

. Latam Electronics The decline in sales at Via Varejo slowed in Q1 2016 (-11.8% vs -15.2% in Q4 2015 on a same-store basis) due to more competitive prices and more effective promotions. The banner is continuing its closures of underperforming stores. In addition, Via Varejo is further innovating by deploying "mobile stores" and renewing its furniture line. Via Varejo provided a detailed report on its Q1 sales on 12 April 2016.

Total sales in Latin America were hit by a strong negative currency effect.

. E-commerce

Cnova's gross merchandise volume (GMV) totalled €1,138m, up +4.2% at constant exchange rates, driven by Cdiscount’s activity. In France, Cdiscount's GMV rose +18.3% with sales up +15.3%(1). Market share in France(2) rose 1.5 points in February 2016. Growth in the marketplaces remains high and their share of GMV reached 24.2% in Q1 2016 vs 16.7% in Q1 2015. Cnova provided a detailed report on its Q1 sales on 13 April 2016.

Growth Growth E-COMMERCE (CNOVA) Q1 2015 Q1 2016 at constant exchange total rates (3) GMV including tax 1,222.0 1,137.9 -6.9% +4.2% Traffic (visits in millions) 422.8 492.8 +16.6% (4) Active customers (in millions) 14.2 14.6 +3.0%

Units sold (in millions) 15.7 16.5 +5.3%

(1) Figures provided by the subsidiary (2) Technical goods market in France, source GFK (3) GMV (gross merchandise volume): sales volume including tax, figures*** provided by the subsidiary (4) Active customers at 31 March who made at least one purchase on our websites in the last 12 months

APPENDICES

Details and sales trends in Q1 2016

Organic growth is growth at constant scope of consolidation and exchange rates, excluding petrol and calendar effect, unless otherwise mentioned.

Main changes in the scope of consolidation

. Full consolidation of Disco at 1 January 2015

. Restatement of activity in Asia

Exchange rates

AVERAGE EXCHANGE RATES Q1 2015 Q1 2012 Currency effect

Argentina (EUR/ARS) 9.74466 15.95312 -38.9%

Uruguay (EUR/UYP) 27.86630 34.74340 -19.8%

Colombia (EUR/COP) (x 1000) 2.78160 3.58854 -22.5%

Brazil (EUR/BRL) 3.22363 4.30405 -25.1%

Period-end store network

FRANCE 30 Sept. 2015 31 Dec. 2015 31 March 2016 Géant Casino Hypermarkets 127 128 129 o/w French Affiliates 7 7 7 International Affiliates 10 11 12 SM Casino 440 441 445 o/w French Franchised Affiliates 60 60 64 International Franchised Affiliates 33 33 33 Monoprix 656 698 709 o/w Franchises/Affiliates 188 197 200 Naturalia 107 126 133 Naturalia franchises 3 3 4 Franprix 857 867 851 o/w Franchises 322 350 366 Leader Price 836 810 790 o/w Franchises 173 263 339 Total Supermarkets and Discount 2,789 2,816 2,795 Convenience 6,956 6,916 6,899 Other businesses (Cafeterias, Drive…) 620 621 646 Indianetc.) Ocean 135 146 149 TOTAL France 10,627 10,627 10,618

INTERNATIONAL 30 Sept. 2015 31 Dec. 2015 31 March 2016 ARGENTINA 27 27 27 Libertad Hypermarkets 15 15 15 Mini Libertad mini-supermarkets 12 12 12 URUGUAY 61 65 66 Géant Hypermarkets 2 2 2 Disco Supermarkets 29 29 29 Devoto Supermarkets 24 24 24 Devoto Express mini-supermarkets 6 10 11 BRAZIL 2,164 2,181 2,126 Extra Hypermarkets 137 137 137 Pao de Açucar Supermarkets 184 185 185 Extra Supermarkets 199 199 194 Assai (discount) 88 95 96 Mini Mercado Extra mini-supermarkets 301 311 301 Casas Bahia 715 760 745 Ponto Frio 301 254 233 Drugstores 157 157 157 + Service stations 82 83 78 COLOMBIA 1,567 1,668 1,632 Exito Hypermarkets 81 85 85 Exito and Carulla Supermarkets 153 163 163 Super Inter Supermarkets 58 58 58 Surtimax (discount) 1,169 1,248 1,214 o/w "Aliados" 1,019 1,095 1,062 Exito Express and Carulla Express mini-supermarkets 105 113 111 Othersupermarkets 1 1 1 TOTAL International 3,819 3,941 3,851

ANALYST AND INVESTOR CONTACTS

Régine Gaggioli – Tel: +33(0)1 53 65 64 17 [email protected] or +33(0)1 53 65 24 17 [email protected]

GROUP EXTERNAL COMMUNICATIONS DEPARTMENT

Aziza Bouster Tel: +33(0)1 53 65 24 78 Mob: +33(0)6 08 54 28 75 [email protected]

Disclaimer

This press release was prepared solely for information purposes, and should not be construed as a solicitation or an offer to buy or sell securities or related financial instruments. Likewise, it does not provide and should not be treated as providing investment advice. It has no connection with the specific investment objectives, financial situation or needs of any receiver. No representation or warranty, either express or implied, is provided in relation to the accuracy, completeness or reliability of the information contained herein. It should not be regarded by recipients as a substitute for the exercise of their own judgement. All the opinions expressed herein are subject to change without notice.

The Issuer published the following press release on 29 April 2016 :

Disposal of Big C Vietnam for a valuation

of 1 billion euros

Casino announces the closing of the sale of Big C Vietnam to Central Group, for an enterprise value of €1 billion1, implying 2015 multiples of 1.8x net sales, 20.4x EBITDA and 34.4x EBIT.

The proceeds to be received by the Group will amount to €920 million.

Central Group is one of the main family-owned conglomerates in Thailand with interests in real estate, department stores, retailing, hospitality and restaurants.

Casino Group has made significant investments for more than 18 years to develop its subsidiary Big C in Vietnam and to create a leading food retailer in Vietnam. Big C Vietnam consists of a network of 43 stores and 30 shopping malls and has achieved in 2015 a turnover excluding taxes €586 million.

Big C Vietnam has built strong relationships with its Vietnamese suppliers and farmers, its customers, its employees and the local authorities and communities, which allowed the development of modern retail in the country.

Central Group in partnership with Vietnamese group Nguyen Kim will continue the strategy of Big C Vietnam notably regarding sourcing of goods produced in Vietnam for Big C stores.

Casino will continue its sourcing activity of Vietnamese food products distributed in France, Brazil and Colombia.

After the disposal of its subsidiaries Big C Thailand and Big C Vietnam, the deleveraging plan of the Group reaches €4.2 billion.

ANALYST AND INVESTOR CONTACTS Régine GAGGIOLI – Tél: +33 (0)1 53 65 64 17 [email protected] or +33 (0)1 53 65 24 17 [email protected]

GROUP EXTERNAL COMMUNICATIONS DEPARTMENT Aziza BOUSTER Tél: +33 (0)1 53 65 24 78 Mob: +33 (0)6 08 54 28 75 [email protected]

1 including net financial debt as of 31 December 2015 and minority interest in joint-ventures

Disclaimer

This press release was prepared solely for information purposes and should not be construed as a solicitation or an offer to buy or sell securities or related financial instruments. Similarly, it does not give and should not be treated as giving investment advice. It has no connection with the investment objectives, financial situation or specific needs of any recipient. No representation or warranty, either express or implicit, is provided in relation to the accuracy, completeness or reliability of the information contained herein. It should not be regarded by recipients as a substitute for exercise of their own judgement. All opinions expressed herein are subject to change without notice.

This document contains certain forward-looking statements. This information is not historical data and should not be interpreted as guarantees of the future occurrence of such facts and data. These statements are based on data, assumptions and estimates that the Group believes are reasonable. The Group operates in a competitive and rapidly changing environment. It is therefore not in a position to predict all of the risks, uncertainties or other factors that may affect its business, their potential impact on its business, or the extent to which the occurrence of a risk or a combination of risks could have results that are significantly different from those included in any forward- looking statement. The forward-looking statements contained in this press release are made only as of the date hereof. Except as required by any applicable law, rules or regulations, the Group expressly disclaims any obligation or undertaking to publicly release any updates of any forward‐looking statements contained in this press release to reflect any change in its expectations or any change in events, conditions or circumstances on which any forward-looking statement contained in this press release is based.

The Issuer published the following press release on 3 May 2016 :

Exercise of the call option on the Monoprix Mandatory Convertible Bonds

Casino exercised today its call option on all of the €500m mandatory convertible bonds issued by Monoprix in December 2013, and subscribed by Credit Agricole CIB.

ANALYST AND INVESTOR CONTACTS Régine GAGGIOLI – Tél: +33 (0)1 53 65 64 17 [email protected] or +33 (0)1 53 65 24 17 [email protected]

GROUP EXTERNAL COMMUNICATIONS DEPARTMENT Aziza BOUSTER Tél: +33 (0)1 53 65 24 78 Mob: +33 (0)6 08 54 28 75 [email protected]

Disclaimer

This document contains certain forward-looking statements. This information is not historical data and should not be interpreted as guarantees of the future occurrence of such facts and data. These statements are based on data, assumptions and estimates that the Group believes are reasonable. The Group operates in a competitive and rapidly changing environment. It is therefore not in a position to predict all of the risks, uncertainties or other factors that may affect its business, their potential impact on its business, or the extent to which the occurrence of a risk or a combination of risks could have results that are significantly different from those included in any forward-looking statement. The forward- looking statements contained in this press release are made only as of the date hereof. Except as required by any applicable law, rules or regulations, the Group expressly disclaims any obligation or undertaking to publicly release any updates of any forward‐looking statements contained in this press release to reflect any change in its expectations or any change in events, conditions or circumstances on which any forward-looking statement contained in this press release is based.

The Issuer published the following press release on 12 May 2016

Intention to launch a voluntary cash tender offer on Cnova N.V. shares by Casino Group

Casino Group announces its intention to launch a voluntary cash tender offer on the outstanding shares of Cnova N.V. (“Cnova”) held by public shareholders (i.e. shares not held by Casino Group) at an offer price of US$5.50, hence a maximum consideration of US$196m. This contemplated tender offer is conditional upon, amongst others, the completion of the proposed transaction, described below, between Via Varejo and Cnova (composed of Cdiscount and Cnova Brazil).

The tender offer price would represent a 82% premium to the last unaffected share price(1).

This announcement follows the announcements made by Cnova and Via Varejo S.A. (“Via Varejo”) concerning the possible combination of Cnova Brazil with Via Varejo. Upon the completion of the transaction, Cnova would exclusively own Cdiscount. Via Varejo would merge with Cnova Brazil and would no longer be a shareholder of Cnova. Via Varejo would thus confirm its multi-channel leadership for non-food retail in Brazil.

This transaction aims at simplifying Casino Group’s structure and would allow Cnova to refocus, through Cdiscount, on E-commerce in France, a market where it has a proven leadership position and clear growth prospects.

Note to investors:

The transactions related to the project require in particular the approval of the boards of directors and independent transaction committees of Cnova and Via Varejo, as well as the board of directors of Casino. Furthermore, such transactions remain subject to definitive, binding agreements among the parties, and entry into such agreements is conditional on the completion of due diligence by the parties and on the release of Cnova’s and Cnova Brazil’s audited accounts for fiscal year 2015 (following the completion of the ongoing internal review, which has been previously disclosed by Cnova). Casino’s voluntary tender offer assumes that the transaction currently discussed between Cnova and Via Varejo is completed, and remains subject to the fulfilment of certain conditions precedent (including in particular the commitment by Companhia Brasileira de Distribuição – CBD not to tender its shares, as well as the absence of material adverse events).

In this press release, Casino cautions that there can be no assurance as to the actual timing, price or terms of the offer to the Cnova’s public shareholders that might be agreed. In any case, such an offer would not be launched before the completion of the transaction envisaged by Cnova and Via Varejo. In particular, no definitive agreement has been reached on this envisaged transaction or on the offer and there can be no assurance that Casino’s offer will be launched at all or will be launched at the terms and price disclosed in this press release. Casino does not expect to provide further information regarding the status of discussions on the potential transactions unless and until a definitive, binding agreement is reached. Such an agreement could be reached in early Q3 2016, potentially allowing to complete the merger of Cnova Brazil and Via Varejo by the end of Q3 2016 and to launch Casino’s tender offer on the outstanding ordinary shares of Cnova in Q4 2016 at the latest.

This press release does not constitute an offer to purchase, nor a solicitation to sell any securities. Investors are strongly advised to read, if and when they become available, the information materials relating to the tender offer because they will contain important information. If an offer were to be filed, Casino intends to file with the Securities and Exchange Commission (the “SEC”) a tender offer statement on Schedule TO, and Cnova intends to file in due course a recommendation statement on the

18 tender offer on Schedule 14D-9. Casino intends to file with the Autorité des marchés financiers (the « AMF ») a draft offer document and Cnova intends to file in due course a draft offer document in response including the recommendation of its Board of Directors. Any offer document and any document including a recommendation on the offer will contain important information that investors should read carefully before making any decision relating to the potential tender offer. The offer documents and other documents that Casino intends to file with the SEC or with the AMF will be made available free of charge to all investors and Cnova shareholders on www.groupe-casino.fr and www.cnova.com. These documents (and all the other offer documents filed with the SEC and the AMF) will also be made available free of charge on the SEC website (www.sec.gov) and on the AMF website (www.amf-france.org).

If an offer were to be filed and Casino Group would eventually hold together with its subsidiaries at least 95% of Cnova’s share capital, the Group reserves the right to initiate a squeeze-out procedure.

ANALYST AND INVESTOR CONTACTS Régine GAGGIOLI – Tél: +33 (0)1 53 65 64 17 [email protected] or +33 (0)1 53 65 24 17 [email protected]

GROUP EXTERNAL COMMUNICATIONS DEPARTMENT Aziza BOUSTER Tél: +33 (0)1 53 65 24 78 Mob: +33 (0)6 08 54 28 75 [email protected]

The Issuer published the following press release on 26 May 2016:

Communiqué

Le groupe Casino et la famille Baud ont conclu, le 25 mai 2016, un protocole d’accord transactionnel mettant fin à l’ensemble des actions contentieuses qui les opposaient devant les juridictions de Paris depuis 2007.

Cet accord prévoit également le rachat(1) par le groupe Casino de la participation de 50 %, détenue par la famille Baud dans la société GEIMEX, propriétaire de la marque Leader Price à l’international, et jusqu’à présent contrôlée conjointement par les deux parties.

GEIMEX a réalisé un chiffre d’affaires HT d’environ 200 millions d’euros en 2015.

Cette transaction permettra au groupe Casino de développer activement la marque Leader Price à l’international.

(1) sous condition suspensive de l’autorisation des Autorités de Concurrence.

CONTACTS ANALYSTES ET INVESTISSEURS Régine GAGGIOLI – Tél : +33 (0)1 53 65 64 17 [email protected] ou Tél : +33 (0)1 53 65 24 17 [email protected]

DIRECTION COMMUNICATION EXTERNE GROUPE Aziza BOUSTER Tél : +33 (0)1 53 65 24 78 Mob : +33 (0)6 08 54 28 75 [email protected]

Disclaimer

Ce communiqué a été préparé uniquement à titre informatif et ne doit pas être interprété comme une sollicitation ou une offre d'achat ou de vente de valeurs mobilières ou instruments financiers connexes. De même, il ne donne pas et ne doit pas être traité comme un conseil d'investissement. Il n'a aucun égard aux objectifs de placement, la situation financière ou des besoins particuliers de tout récepteur. Aucune représentation ou garantie, expresse ou implicite, n'est fournie par rapport à l'exactitude, l'exhaustivité ou la fiabilité des informations contenues dans ce document. Il ne devrait pas être considéré par les bénéficiaires comme un substitut à l'exercice de leur propre jugement. Toutes les opinions exprimées dans ce document sont sujettes à changement sans préavis.

Le présent communiqué contient des déclarations prospectives. Ces informations ne sont pas des données historiques et ne doivent pas être interprétées comme des garanties que les faits et données énoncés se produiront. Ces informations sont fondées sur des données, des hypothèses et des estimations considérées comme raisonnables par le Groupe. Le Groupe opère dans un environnement concurrentiel et en évolution rapide. Le Groupe n’est donc pas en mesure d’anticiper tous les risques, incertitudes ou autres facteurs susceptibles d’affecter son activité, leur impact potentiel sur son activité ou encore dans quelle mesure la matérialisation d’un risque ou d’une combinaison de risques pourrait avoir des résultats significativement différents de ceux mentionnés dans toute information prospective. Ces informations sont données uniquement à la date du présent communiqué. Le Groupe ne prend aucun engagement de publier des mises à jour de ces informations ni des hypothèses sur lesquelles elles sont basées, à l’exception de toute obligation légale ou réglementaire qui lui serait applicable.

The Issuer published the following press release on 6 June 2016:

Bonds public tender offer announcement

Casino launched this morning a tender offer on some of its notes maturing January 2023, February 2025 and August 2026. The indicative targeted amount of this transaction reaches 500 million euros in total. Results will be released on next Monday, June 13th. This transaction will allow the Group to reduce its gross debt and its financial costs as soon as 2016. NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION TO ANY U.S. PERSON OR IN OR INTO THE UNITED STATES (EACH AS DEFINED IN REGULATION S UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED) OR IN ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS PRESS RELEASE.

ANALYST AND INVESTOR CONTACTS Régine GAGGIOLI – Tél: +33 (0)1 53 65 64 17 [email protected] or +33 (0)1 53 65 24 17 [email protected]

GROUP EXTERNAL COMMUNICATIONS DEPARTMENT Aziza BOUSTER Tél: +33 (0)1 53 65 24 78 Mob: +33 (0)6 08 54 28 75 [email protected]

Disclaimer

This announcement does not constitute an invitation to participate in the tender offer for the Notes (the “Tender Offer”) in or from any jurisdiction in or from which, or to or from any person to or from whom, it is unlawful to make such invitation under applicable securities laws. The distribution of this announcement in certain jurisdictions may be restricted by law. Persons into whose possession this announcement comes are required to inform themselves about, and to observe, any such restrictions.

Tenders of Notes for purchase pursuant to the Tender Offer will not be accepted from Qualifying Holders in any circumstances in which such offer or solicitation is unlawful. Casino, Guichard-Perrachon does not make any recommendation as to whether or not Qualifying Holders should participate in the Tender Offer.

United States

The Tender Offer is not being made and will not be made directly or indirectly in or into, or by use of the mails of, or by any means or instrumentality (including, without limitation, facsimile transmission, telex, telephone, email and other forms of electronic transmission) of interstate or foreign commerce of, or any facility of a national securities exchange of, or to owners of Notes who are located in the United States as defined in Regulation S of the U.S. Securities Act of 1933, as amended (the “Securities Act”) or to U.S. Persons as defined in Regulation S of the Securities Act (each a “U.S. Person”) and the Notes may not be tendered in the Tender Offer by any such use, means, instrumentality or facility from or within the United States, by persons located or resident in the United States or by U.S. Persons. Accordingly, copies of this document is not being, and must not be, directly or indirectly, mailed or otherwise transmitted, distributed or forwarded in or into the United States or to any such person. Any purported offer to sell in response to the Tender Offer resulting directly or indirectly from a violation of these restrictions will be invalid, and offers to sell made by a person located in the United States or any agent, fiduciary or other intermediary acting on a non-discretionary basis for a principal giving instructions from within the United States or any U.S. Person will not be accepted.

The Issuer published the following press release on 13 June 2016:

Success of the bond public tender offer for a total amount of €537M

The bond public tender offer launched on Monday June 10th, 2016 allows Casino to buyback respectively €134.2M, €158.2M and €245.0M of bonds maturing in January 2023, February 2025 and August 2026, i.e. a cumulated nominal amount of €537.4M.

Bonds purchased by Casino in the context of this transaction will be cancelled on June 15th, 2016. Nominal amounts will then be reduced to €858.7M for bonds maturing in January 2023, €449.9M for bonds maturing in February 2025 and €613.5M for bonds maturing in August 2026.

This transaction will allow the Group to reduce its gross debt and its financial costs in France as soon as 2016.

BNP Paribas, Citigroup, Crédit Agricole Corporate and Investment Bank, Deutsche Bank, Mitsubishi IFJ Securities International, RBS, Santander and Société Générale acted as deal managers of this transaction.

ANALYST AND INVESTOR CONTACTS Régine GAGGIOLI – Tél: +33 (0)1 53 65 64 17 [email protected] or +33 (0)1 53 65 24 17 [email protected]

GROUP EXTERNAL COMMUNICATIONS DEPARTMENT Aziza BOUSTER Tél: +33 (0)1 53 65 24 78 Mob: +33 (0)6 08 54 28 75 [email protected]

Disclaimer This press release was prepared solely for information purposes and should not be construed as a solicitation or an offer to buy or sell securities or related financial instruments. Similarly, it does not give and should not be treated as giving investment advice. It has no connection with the investment objectives, financial situation or specific needs of any recipient. No representation or warranty, either express or implicit, is provided in relation to the accuracy, completeness or reliability of the information contained herein. It should not be regarded by recipients as a substitute for exercise of their own judgement. All opinions expressed herein are subject to change without notice. This document contains certain forward-looking statements. This information is not historical data and should not be interpreted as guarantees of the future occurrence of such facts and data. These statements are based on data, assumptions and estimates that the Group believes are reasonable. The Group operates in a competitive and rapidly changing environment. It is therefore not in a position to predict all of the risks, uncertainties or other factors that may affect its business, their potential impact on its business, or the extent to which the occurrence of a risk or a combination of risks could have results that are significantly different from those included in any forward-looking statement. The forward- looking statements contained in this press release are made only as of the date hereof. Except as required by any applicable law, rules or regulations, the Group expressly disclaims any obligation or undertaking to publicly release any updates of any forward‐looking statements contained in this press release to reflect any change in its expectations or any change in events, conditions or circumstances on which any forward-looking statement contained in this press release is based.

The Issuer published the following press release on 13 July 2016:

Q2 2016 SALES

 In France, continued growth and market share gains  Accelerated growth in Brazil and Colombia  Group organic growth of +3.8% in Q2 versus +1.5% in Q1 2016

 In France, sales up +1.2% on an organic basis and +0.2% on a same-store basis - Géant Casino: +2.2%(1) growth (same-store and organic) and ongoing gains in market share

- Leader Price: sales up +1.7% on an organic basis and +1.1% on a same-store basis

- Supermarchés Casino: organic growth of +3.1% and same-store growth of +1.2%, and market share gains

 In Latin America, food sales up +11.8% on an organic basis - Exito (excluding Brazil): acceleration in organic and same-store growth, led by good performances in Colombia, Uruguay and Argentina

- GPA Food: sequential improvement in activity with organic growth of +11.4% and same-store growth of +6.3%

- Via Varejo: positive sales on an organic basis (+0.3%) and same-store basis (+2.6%) after four consecutive quarters of declining revenues

- E-commerce: - Cdiscount: organic growth of +10.6% and gross merchandise volume up +12.6%

- Cnova Brazil: sharp decline in activity considering the high basis of comparison in Q2 2015 and the economic slowdown in Brazil SALES TRENDS BY SECTOR

BY SECTOR Q1 2016/Q1 2015 change Q2 2016/Q2 2015 change

Q1 Total Organic Same-store Q2 Total Organic Same-store (in € millions) 2016 growth growth growth 2016 growth growth growth France Retail 4,548 +2.8% +2.9% +1.5% 4,716 +0.1% +1.2% +0.2% Latam Retail 3,338 -13.7% +8.3% +3.7% 3,498 -11.1% +11.8% +7.1% Latam Electronics 1,090 -34.6% -12.7% -11.8% 1,092 -13.1% +0.3% +2.6% E-commerce 731 -18.8% -8.3% -8.3% 660 -19.4% -13.5% -13.5% TOTAL GROUP 9,707 -10.6% +1.5% -0.7% 9,966 -7.0% +3.8% +1.8%

In Q2 2016, sales totalled €10.0 billion, up +3.8% on an organic basis and +1.8% on a same-store basis. They were impacted by a currency effect of -8.3% related to Latin American currencies’ depreciation, and a scope effect of -1.3%.

NB: Organic and same-store changes exclude fuel and calendar effects (1) Excluding business primarily from Codim (four hypermarkets) in Corsica 23

. France Retail

Q1 2016/Q1 2015 change Q2 2016/Q2 2015 change

Q1 Total Organic Same-store Q2 Total Organic Same-store BY BANNER 2016 growth growth growth 2016 growth growth growth

Hypermarkets(1) 1,083 +2.9% +3.8% +3.8% 1,153 -0.2% +2.5% +2.2%

of which Géant 1,022 +2.9% +4.0% +4.0% 1,081 -0.6% +2.2% +2.2% Casino

Leader Price 632 +6.2% +7.2% +4.5% 641 -3.2% +1.7% +1.1%

Monoprix 1,050 +3.3% +2.3% -0.4% 1,055 +2.4% +0.7% -2.1%

Supermarchés 753 +1.6% +1.9% +0.2% 816 +1.9% +3.1% +1.2% Casino

Franprix 403 -3.5% -2.9% +0.1% 411 -3.2% -2.8% -0.6%

Convenience & 628 +4.2% +3.9% +1.1% 639 +0.6% +0.5% -1.1% Other(2)

o/w Convenience 342 +4.9% +4.2% +2.3% 349 -0.6% -1.4% -3.3%

FRANCE RETAIL 4,548 +2.8% +2.9% +1.5% 4,716 +0.1% +1.2% +0.2%

In France, the quarter was marked by unfavourable weather and a sharp decline in tourism in the North, as well as by social unrest. Total sales of €4,716 million were up +1.2% on an organic basis and +0.2% on a same- store basis in Q2 2016. Market share in France rose +0.1pt over the last Kantar P06 period.  At Géant Casino, sales continued to progress with a +2.2% same-store growth, after two years of growth in a row (+1.1% in Q2 2014 and +2.0% in Q2 2015). Customer traffic grew by +2.1% over the last year and by +6.2% over two years. Non-food sales were up +2.7%. The banner continued to gain market share: +0.1 pt over the last Kantar P06 period.  Leader Price posted sales up +1.7% on an organic basis and +1.1% on a same-store basis. Same-store data does not include the sales generated by franchised stores. The franchise network is developing rapidly, with half of the network operating as franchises as at end of Q2 2016, versus 22% as at end of June 2015.

 Monoprix saw sales rise by +2.4% overall and by +0.7% in organic terms. Expansion was dynamic, with 24 new stores opened during the quarter. Non-food sales on a same-store basis were impacted by unfavourable weather conditions and the decline in tourist activity in Paris.  Same-store sales at Supermarchés Casino increased by +1.2%. Traffic continued to improve (+1.9% on Q2 2016) thanks to the commercial actions implemented. Organic growth (+3.1%) was boosted by the opening of 5 new integrated stores and the affiliation of 6 new franchises since Q3 2015. The banner saw its market share widen by +0.1pt over the last Kantar P06 period.

 Organic sales at Franprix improved sequentially compared with Q1 2016, but were still affected by the disposal of stores requested by the French Competition Authority and transfers to other banners and franchises. As of 30 June 2016, the Mandarine concept had been rolled out to 377 stores, i.e. 44% of the network. These stores enjoyed strong growth on a same-store basis. The transformation into the new concept is continuing.

 Same-store figures for Convenience now include a majority of Leader Price Express stores open for more than one year. The franchised store network maintained its sales performance at a satisfactory level during the quarter.

(1) Including Géant Casino and business primarily from the four Codim stores in Corsica (2) Othe r: mainly Vindémia and Cafeterias

. Latam Retail Food sales in Latin America improved significantly on the previous quarter, by +11.8% on an organic basis and +7.1% on a same-store basis (versus +8.3% and +3.7% respectively in Q1 2016).

 Growth at Exito Group (excluding the effect of consolidating GPA’s sales) continued to accelerate in Q2 2016, thanks to the good performances in Colombia, Uruguay and Argentina as a result of good commercial momentum.

 Food sales in Brazil (GPA Food) improved, with growth of +11.4% on an organic basis and +6.3% on a same-store basis (versus +7.8% and +2.2% respectively in Q1 2016). o Assaí continued to enjoy very good performances, with sales up +37.6% on an organic basis, driven by same-store sales and very dynamic expansion. o Multivarejo posted positive sales in both organic and same-store terms, thanks to the performances delivered by Pão de Açúcar and the convenience formats, as well as the improvement in food sales at Extra, driven by the first effects of the revamped sales policy. GPA provided a detailed report on its Q2 sales on 12 July 2016.

. Latam Electronics Sales at Via Varejo were positive on both an organic (+0.3%) and a same-store (+2.6%) basis, marking a significant improvement on Q1 2016 thanks to implemented action plans. The banner continues its market share gains by category as well as on the market overall, thus regaining its 2013 levels of market share. Via Varejo provided a detailed report on its Q2 sales on 12 July 2016.

Total sales in Latin America were impacted by a strong negative currency effect.

. E-commerce Cnova's gross merchandise volume (GMV) totalled €1,035m, down -3.4% at constant exchange rates. Traffic was up +16.6% for the quarter. In France, Cdiscount’s GMV rose +12.6%, with sales up +10.6% on an organic basis. Growth in the marketplaces remains high and their share of GMV reached 32.4% in Q2 2016, representing a +421 bp improvement on the same period last year. Cnova Brazil reported a sharp contraction in its business considering the high basis of comparison in Q2 2015 and the economic slowdown in Brazil. The marketplace’s share amounted to 16.6%, a +774pb increase. Cnova provided a detailed report on its Q2 sales on 12 July 2016.

Growth Total E-COMMERCE (CNOVA) Q2 2015 Q2 2016 at constant exchange growth rates (1) GMV including tax 1,138 1,035 -9.0% -3.4%

Traffic (visits in millions) 380 444 +16.6% (2) Active customers (in millions) 14.7 14.3 -2.6%

Units sold (in millions) 14.6 15.6 +6.5%

***

(1) GMV (gross merchandise volume): business volume including tax, figures provided by the subsidiary (2) Active customers at 30 June who made at least one purchase on our websites in the last 12 months

APPENDICES

Details and sales trends in Q2 2016

Organic growth corresponds to growth at constant scope of consolidation and exchange rates, excluding fuel and calendar effects, unless otherwise mentioned.

Main changes in the scope of consolidation

. Full consolidation of Disco at 1 January 2015

. Restatement of operations in Asia

Exchange rates

AVERAGE EXCHANGE RATES Q2 2015 Q2 2016 Currency effect

Argentina (EUR/ARS) 9.8982 16.0503 -38.3%

Uruguay (EUR/UYP) 29.3754 35.2420 -16.6%

Colombia (EUR/COP) (x 1,000) 2.7623 3.3799 -18.3%

Brazil (EUR/BRL) 3.3981 3.9631 -14.3%

Period-end store network

FRANCE 31 Dec. 2015 31 March 2016 30 June 2016 Géant Casino Hypermarkets 128 129 130 o/w French Affiliates 7 7 7 International Affiliates 11 12 13 Casino Supermarkets 441 445 444 o/w French Franchised Affiliates 60 64 64 International Franchised Affiliates 33 33 32 Monoprix 698 709 732 o/w Franchises/Affiliates 197 200 195 Naturalia 126 133 136 Naturalia franchises 3 4 5 Franprix 867 851 853 o/w Franchises 350 366 370 Leader Price 810 790 788 o/w Franchises 263 339 402 Total Supermarkets and Discount 2,816 2,795 2,817 Convenience 6,916 6,899 6,864 Other businesses (Cafeterias, Drive, etc.) 621 646 653 Indian Ocean 146 149 161 TOTAL France 10,627 10,618 10,625

INTERNATIONAL 31 Dec. 2015 31 March 2016 30 June 2016 ARGENTINA 27 27 27 Libertad Hypermarkets 15 15 15 Mini Libertad mini-supermarkets 12 12 12 URUGUAY 65 66 69 Géant Hypermarkets 2 2 2 Disco Supermarkets 29 29 29 Devoto Supermarkets 24 24 24 Devoto Express mini-supermarkets 10 11 14 BRAZIL 2,181 2,126 2,113 Extra Hypermarkets 137 137 135 Pao de Açúcar Supermarkets 185 185 184 Extra Supermarkets 199 194 194 Assaí (discount) 95 96 97 Mini Mercado Extra mini-supermarkets 311 301 297 Casas Bahia 760 745 750 Ponto Frio 254 233 225 Drugstores 157 157 155 + Service stations 83 78 76 COLOMBIA 1,668 1,632 1,695 Exito Hypermarkets 85 85 86 Exito and Carulla Supermarkets 163 163 163 Super Inter Supermarkets 58 58 58 Surtimax (discount) 1,248 1,214 1,283 o/w “Aliados” 1,095 1,062 1,132 Exito Express and Carulla Express mini-supermarkets 113 111 104

Other 1 1 1 TOTAL International 3,941 3,851 3 904

ANALYST AND INVESTOR CONTACTS

Régine Gaggioli – Tel: +33 (0)1 53 65 64 17 [email protected] or +33 (0)1 53 65 24 17 [email protected]

PRESS CONTACTS

Casino Tél : +33 (0)1 53 65 24 78 [email protected]

IMAGE 7 Grégoire Lucas Tél : +33 (0)1 53 70 74 84 Mob : +33 (0)6 71 60 02 02 [email protected]

Disclaimer This press release was prepared solely for information purposes, and should not be construed as a solicitation or an offer to buy or sell securities or related financial instruments. Likewise, it does not provide and should not be treated as providing investment advice. It has no connection with the specific investment objectives, financial situation or needs of any receiver. No representation or warranty, either express or implied, is provided in relation to the accuracy, completeness or reliability of the information contained herein. It should not be regarded by recipients as a substitute for the exercise of their own judgement. All the opinions expressed herein are subject to change without notice.

The Issuer published the following press release on 29 July 2016:

HALF-YEAR RESULTS 2016

. Group consolidated net sales of €19.7bn, up +2.7% on an organic basis  In France: ▪ Increase in activity: growth of +0.9% on a same-store basis and +2.0% on an organic basis ▪ Further market share gains  Latam Retail: ▪ Sustained good performances in Colombia, Argentina and Uruguay ▪ Improved sales in Brazil with a stepped-up development of cash & carry and the initial results of Multivarejo's sales relaunch plan which weighed on profitability  Latam Electronics: stabilisation of activity at Via Varejo since Q2 2016  E-commerce: ▪ Cdiscount: good performance over the semester ▪ Cnova Brazil: activity still impacted by Brazil's economic environment . Group trading profit of €317m for the period  In France, significant recovery in results: trading profit of +€85m versus -€53m in H1 2015 restated  Latin America: lower results in Brazil related to the economic environment and the promotional relaunch at Extra  E-commerce: improved profitability at Cdiscount and decline at Cnova Brazil . Consolidated net profit, Group share of €2,581m, related to capital gains from the disposal of Asia

. Sharp decline in net financial debt of Casino in France(1) (€4,027m versus €8,482m in H1 2015 restated) and decision on July 28th 2016 to pay an interim dividend of €1.56 per share

In €m H1 2015 reported H1 2015 restated(2) H1 2016

Consolidated net sales 23,668 21,581 19,673

EBITDA 994 801 670

EBITDA margin 4.2% 3.7% 3.4%

Trading profit 521 388 317

Trading margin 2.2% 1.8% 1.6% Trading profit and share of profit 558 425 335 of associates Consolidated net profit, 79 79 2,581 Group share Net underlying profit (loss), 63 6 (3) Group share

Consolidated net financial debt (8,512) (8,438)(3) (6,343)

Net financial debt of Casino in France(1) (8,487) (8,482)(3) (4,027)

(1) Scope: The Casino Guichard Perrachon parent company, French businesses and wholly-owned holding companies. H1 2015 debt of Casino in France presented based on the H1 2016 scope (2) In accordance with the IFRS 5 standard and to facilitate comparison, H1 2015 accounts have been restated to reflect the impact of the disposal of operations in Thailand and Vietnam (3) Debt after reclassification of put option liabilities as financial liabilities, including net assets, Group share, that the Group decided to sell during the 2015 financial year (primarily Vietnam). The Group has reviewed in 2015 the definition of net financial debt mainly in view of net assets held for sale in connection with its debt reduction plan and debt of "minorities puts” The NFD at 30 June 2015 has been restated according to this new definition Note: Organic and same-store changes exclude fuel and calendar effects29 CER: Constant Exchange Rate Total Group sales of €19.7bn supported by good growth in activity in France and improved sales in Brazil

In first-half 2016, Group consolidated net sales totalled €19.7bn, up +2.7% on an organic basis. In France, organic sales growth stood at +2.0%. The recovery was confirmed by recurring market share gains. Géant Casino recorded steadily rising sales and the banner continued to gain market share. Leader Price enjoyed strong growth over the semester and continued its franchise network roll-out. The other banners of the Group (Casino Supermarchés, Monoprix, Franprix and Proximity) all turned in a satisfactory performance. Food retail activities in Latin America recorded strong organic growth of +10.0% over the semester, driven by improved sales in Brazil and sustained performances in Colombia, Argentina and Uruguay. Via Varejo's sales improved since Q2 2016 thanks to banner conversions, growth in mobile phone sales, an improved merchandise offering and growth in services. The banner gained market shares both in the specialist market and the overall market. In the E-commerce segment, Cdiscount achieved a satisfactory increase in sales (+13.7% on an organic basis in H1 2016). Cnova's activity in Brazil contracted, notably due to the country's economic environment.

Decrease of -2.4% in trading profit at constant exchange rates and recovery in profitability in France The year-on-year change in trading profit was impacted by the disposal of operations in Asia and currency effects. At constant exchange rates and compared to H1 2015 restated of this disposal, H1 2016 trading profit totalled €379m, decreasing by -2.4%.

In France, trading profit totalled €85m, a significant improvement (+€137m) over H1 2015 restated. Trading profit from the food retail business (€35m) rose by +€169m. Géant Casino, Leader Price and Casino Supermarkets all showed improved profitability over the period. Monoprix and Franprix banners achieved satisfactory profitability. Property development trading profit stood at €49m versus €81m in H1 2015.

Trading profit for Latam Retail (€212m) decreased by -10.9% at CER. In Brazil, Multivarejo continued commercial relaunch plans at Extra in Q2 2016. SG&A costs evolution was slower than inflation thanks to cost control plans. Multivarejo sales margin improved following the recognition of tax credits (positive effect of +250bp in Q2 2016(1)). Pão de Açucar maintained a high level of profitability and convenience registered a gradual improvement of its profitability. Assaí posted an improved operating leverage with a stable gross margin excluding the effect of tax credits. Operations in Colombia, Uruguay and Argentina all turned in a satisfactory performance.

Latam Electronics trading profit (€100m), decreased -35.1% at CER given the unfavourable basis of comparison. Gross margin was impacted by tax credits and tax changes (two of them with a positive effect of +770bp on gross margin and the third one with a negative effect of -240bp on EBITDA margin in Q2 2016(1)). The E-commerce segment posted a trading loss of -€80m in S1 2016. Cdiscount's profitability improved compared to H1 2015. Cnova Brazil's results were affected by the decrease in sales. Action plans have been implemented to reduce disruptions. The banner also launched a cost cutting plan.

(1) Information communicated by the subsidiairies

Underlying financial income and underlying net profit, Group share Net underlying financial expense stood at -€267 (compared with -€213m in H1 2015 restated). In France, financial income improved as a result of deleveraging operations. Colombia's increased debt impacted financial income within the Latam Retail segment. For E-commerce, higher interest rates in Brazil weighed on Cnova's financial income. Casino posted an underlying net loss from continuing operations, Group share of -€3m, close to the H1 2015 figure restated for the disposal of Asia. Diluted underlying earnings per share(1) stood at -€0.493 in H1 2016 (versus -€0.483 in H1 2015 restated).

Reported net profit, Group share Consolidated net profit, Group share, after taking into account a very substantial gain on asset disposals recognised under discontinued operations, came to €2,581m. Diluted consolidated earnings per share amounted to €22.565 in relation with the period’s disposals.

Financial position at 30 June 2016 Consolidated net financial debt of Casino group at 30 June 2016 stood at €6,343m (compared to €8,438m at 30 June 2015 restated) primarily as a result of the Group's delevaraging programme achieved through the disposal of activities in Asia. Net financial debt of Casino in France(2) at 30 June 2016 totalled €4,027m, also declining sharply (from €8,482m at 30 June 2015 restated). At 30 June 2016, Casino in France(2) had €6,577m in liquidity, composed of a significant gross cash position of €2,866m and confirmed undrawn lines of credit of €3,711m. Casino is rated BB+ by Standard & Poor's (stable outlook) since March 21, 2016 and BBB- (stable outlook) by Fitch Ratings.

Payment of an interim dividend The Board of Directors has decided during the meeting held on July 28th 2016 to pay an interim dividend of €1.56 per share (50% of the annual dividend paid in respect of 2015, unchanged since the last three years) for the year of 2016. The ex-date for the interim dividend will take place on November 28th 2016 for a payment on November 30th 2016.

(1) Calculation of diluted earnings per share includes the dilutive effect of the Monoprix mandatory convertible bonds and TSSDI (2) Scope: The Casino Guichard Perrachon parent company, French businesses and wholly-owned holding companies. H1 2015 debt of Casino in France presented based on the H1 2016 scope

Objectives for H2 2016

In France, the Group will pursue sales growth and profitability improvement. The Group confirms the €500m objective for the annual trading profit in France in 2016, subject to the pursuit of consumption trends.

In Latin America, the group Exito will pursue its development across various formats and countries where it operates. In Brazil, the new commercial policy will be continued on both food (GPA Food) and non-food (Via Varejo).

The first-half 2016 results presentation will be available on the Casino group corporate website (www.groupe-casino.fr).

The definitions of main non-gapp indicators will also be available on the website.

***

Consolidated net sales by segment Consolidated net sales H1 2015 restated(1) H1 2016 In €m

France Retail 9,136 9,264

Latam Retail 7,803 6,836

Latam Electronics 2,924 2,182

E-commerce 1,719 1,391

Total Group 21,581 19,673

Consolidated EBITDA by segment

EBITDA H1 2015 restated(1) H1 2016 at CER(2) H1 2016 In €m

France Retail 146 268 267

Latam Retail 459 427 340

Latam Electronics 226 156 125

E-commerce (30) (78) (62)

Total Group 801 773 670

Trading profit by segment

Trading profit H1 2015 restated(1) H1 2016 at CER(2) H1 2016 In €m

France Retail (53) 86 85

Latam Retail 299 267 212

Latam Electronics 191 124 100

E-commerce (50) (98) (80)

Total Group 388 379 317

(1) Previously published financial statements have been restated to reflect the sale of operations in Thailand and Vietnam (2) CER: Constant Exchange Rate 33

H1 2016 Results

In €m H1 2015 restated(1) H1 2016

Net sales 21,581 19,673

EBITDA 801 670

Trading profit 388 317

Trading profit and share profit of equity 425 335 associates

Other operating income and expenses 72 (533)

Operating profit (loss) 460 (217)

Net finance costs (91) (136)

Other financial income and expenses (301) (85)

Income tax benefit (expense) 54 19

Share of profit of equity associates 37 18

Profit from continuing operations, 17 (296) Group share

Profit from discontinued operations, 62 2,877 Group share

Consolidated net profit, 79 2,581 Group share

Underlying net profit, Group share 6 (3)

(1) Previously published financial statements have been restated34 to reflect the sale of operations in Thailand and Vietnam

Underlying net profit

Restated H1 2015 Restated H1 2016 In €m H1 2015 restated H1 2016 items underlying items underlying Trading profit 388 388 317 317

Other operating income 72 (72) (533) 533 and expenses Operating profit (loss) 460 (72) 388 (217) 533 317

Net finance costs (91) (91) (136) (136)

Other financial income (301) 179 (122) (85) (46) and expenses (131)

Income tax (benefit) expense 54 (110) (57) 19 (80) (61)

Share of profit of equity 37 37 18 associates 18 Net profit (loss) from continuing 159 (3) 156 (400) 407 7 operations Attributable to minority 142 7 149 (104) 114 interests 10 Group share 17 (11) 6 (296) 293 (3)

Underlying net profit corresponds to net profit from continuing operations adjusted for (i) the impact of other operating income and expenses (as defined in the “Significant Accounting Policies” section of the notes to the annual consolidated financial statements), (ii) effects of non-recurring financial items and (iii) non-recurring income tax expenses/benefits.

Non-recurring financial items include fair value adjustments to equity derivatives instruments (for example instruments as Total Return Swap and forward related to GPA shares) and effects of monetary updating of tax liabilities in Brazil.

Non-recurring income tax expense/benefits correspond to tax effects related directly to the above restatements and to direct non-recurring tax effects. In other words, the tax on underlying profit before tax is calculated at the standard average tax rate paid by the Group.

Simplified H1 2016 balance sheet

In €m H1 2015 restated H1 2016

Total non-current assets 29,231 26,393

Total current assets 13,025 13,128

Total actifs 42,257 39,521

Total equity 14,812 14,668

Non-current financial liabilities 8,884 8,106

Other non-current liabilities 3,230 3,151

Total current liabilities 15,330 13,597

Total equity and liabilities 42,257 39,521

Breakdown of net debt by segment

S1 2015 reported H1 2015 restated(1) H1 2016 En M€

France Retail (8,487) (8,482) (4,027)

Latam Retail (30) 39 (2,263)

o/w Brazil (749) (679) (1,136)

o/w Colombia 617 617 (1,194)

Latam Electronics 511 511 222

Asia (555) (555) 0

E-commerce 49 49 (275)

Total (8,512) (8,438) (6,343)

(1) Debt after reclassification of put option liabilities as financial liabilities, including net assets, Group share, that the Group decided to sell during the 2015 financial year. The Group has reviewed in 2015 the definition of net financial debt mainly in view of net assets held for sale in connection with its debt reduction plan and debt of "minorities puts” NFD at 30 June 2015 has been restated according to this new definition

ANALYST AND INVESTOR CONTACTS Régine GAGGIOLI – Tel: +33 (0)1 53 65 64 17 [email protected]

or +33 (0)1 53 65 24 17 [email protected]

PRESS CONTACT Casino Tel: +33 (0)1 53 65 24 78 [email protected]

IMAGE 7 Grégoire Lucas Tel: +33 (0)1 53 70 74 84 Mob: +33 (0)6 71 60 02 02 [email protected]

Disclaimer

The Issuer published the following press release on 9 August 2016:

CONFIRMATION OF GROUPE CASINO’S INTENTION TO LAUNCH A CASH TENDER OFFER FOR ANY AND ALL OUTSTANDING COMMON SHARES OF CNOVA N.V.

Following today’s announcement by Cnova N.V.1 (“Cnova”) and Via Varejo SA (“Via Varejo”), entities of the Casino Group, that they have entered into a binding agreement governing the reorganization of Cnova’s Brazilian subsidiary, Cnova Brazil, within Via Varejo (the “Reorganization”), Casino, Guichard-Perrachon is affirming its intention, previously announced on May 12, 2016, to launch a voluntary cash tender offer for any and all outstanding Cnova common shares at an offer price of US$5.50 (and an offer price of €4.962), following and subject to the completion of the Reorganization, which is expected to occur during the fourth quarter of 2016.

The offer price represents an 82% premium to the closing price for Cnova shares on April 27, 2016 (US$3.03), the last trading day prior to initial public reports of the potential offer.

By a separate agreement, Companhia Brasileira de Distribuçao (a minority shareholder of Cnova N.V. and entity of the Casino Group) has agreed not to tender its Cnova shares into Casino’s offer or otherwise transfer or dispose of its shares prior to settlement of the offer.

Note to investors:

In this press release, Casino cautions that there can be no assurance as to when Casino’s offer will be launched or whether it will be launched at all. The launch of Casino’s voluntary tender offer will follow completion of the Reorganization, which remains subject to the fulfilment of certain conditions precedent (including, in particular, the absence of a material adverse event prior to completion of the Reorganization).

Important Information for Investors and Security Holders:

The potential tender offer for Cnova’s outstanding ordinary shares, par value €0.05 per share, described in this press release has not commenced and may never commence. If and when the offer is commenced, Casino will file a tender offer statement on Schedule TO with the U.S. Securities and Exchange Commission (the “SEC”), Cnova will timely file a solicitation/recommendation statement on Schedule 14D-9 with respect to the offer, Casino will file a draft tender offer memorandum (projet de note d’information) with the French Autorité des marchés financiers (“AMF”) and Cnova will timely file a draft memorandum in response (projet de note d’information en réponse) including the recommendation of its board of directors, with respect to the offer. Casino and Cnova intend to mail these documents to the shareholders of Cnova to the extent permissible under applicable laws. Any tender offer document and any document containing a recommendation with respect to the offer statement (including any offer to purchase, any related letter of transmittal and other offer documents) and the solicitation/recommendation statement will contain important information that should be read carefully before any decision is made with respect to any tender offer. Those materials, as amended from time to time, will be made available to Cnova’s shareholders at no expense to them at www.cnova.com. In addition, any tender offer

1 Press release of Cnova as of August 8, 2016 available on the website of the company (http://www.cnova.com/en) 2 Estimate given for reference only on the basis of the European central bank exchange rate as of August 8, 2016 (1 € for 1.1087 US$)

38 materials and other documents that Casino and/or Cnova may file with the SEC and the AMF will be made available to all investors and shareholders of Cnova free of charge at www.groupe-casino.fr and www.cnova.com. Unless otherwise required by law, all of those materials (and all other offer documents filed with the SEC and the AMF) will be available at no charge on the SEC’s website: www.sec.gov and on the AMF’s website: www.amf- france.org.

ANALYST AND INVESTOR CONTACTS Régine GAGGIOLI – Tel : +33 (0)1 53 65 64 17 [email protected] ou +33 (0)1 53 65 24 17 [email protected]

PRESS CONTACTS

CASINO Tel : +33 (0)1 53 65 24 78 [email protected]

IMAGE 7 Grégoire Lucas Tél : +33 (0)1 53 70 74 84 Mob : +33 (0)6 71 60 02 02 [email protected]”

The Issuer published the following press release on 19 September 2016

THE CONFORAMA AND CASINO GROUPS ARE TO CREATE

A JOINT CENTRAL PURCHASING AGENCY FOR NON-FOOD PRODUCTS

WITH OPERATIONS SET TO LAUNCH FOR THE 2017 PURCHASING NEGOTIATIONS

Named “Mano”, the agency will aim to optimise for both groups purchasing in France from the main international suppliers of household appliances (both white and brown goods).

It will thus be positioned as the leader or co-leader in its areas of activity and enhance the competitiveness of the Conforama, Cdiscount, Géant, Monoprix and Casino Supermarket banners.

The Conforama and Casino Groups will each continue to independently operate their sales outlets and e-commerce sites in line with their banners' identities and their respective sales strategies.

About:

Conforama, a major player in the European household goods market, currently operates a total of 286 stores, of which 203 in France and 83 spread among Spain, Switzerland, Portugal, Luxembourg, Italy, Croatia and Serbia. The banner generated net sales of €3.5 billion in the 2016 financial year and has 13,400 employees. For more information: www.conforama.fr

Conforama press contacts:

Isabelle Hoppenot: +33 (0)1 60 95 25 62 / +33 (0)6 25 58 14 38 – E-mail: [email protected]

Rhizlène Mimoun: +33 (0)1 60 95 26 43 / +33 (0)6 25 58 95 52 – E-mail: [email protected]

Casino Group: A food and non-food retail specialist, the Casino Group generated €46.1 billion in sales in 2015 thanks to its 15,344 sales outlets, including 10,627 in France, and more than 325,820 employees worldwide.* In France, the Group has successfully implemented a multi-format, multi-brand and multi-channel model that draws on its extensive network of hypermarkets (Géant), supermarkets (Casino), urban supermarkets (Monoprix, Franprix, Leader Price) and convenience stores (Casino Shop, Vival, Spar, Leader Price Express) as well as its market-leading e-commerce site, Cdiscount. The Group is notably present in Latin America, where it is No. 1 in Brazil thanks to GPA and Via Varejo and in Colombia with Grupo Éxito.

* 2015 figures Casino Group press contacts:

Corporate Communications [email protected] Tel. +33 (0)1 53 65 24 78

Image 7 Karine Allouis – [email protected] – +33 (0)1 53 70 74 81 Simon Zaks – [email protected] – +33 (0)1 53 70 74 63

The Issuer published the following press release on September 20th 2016:

Launch of a bond public tender offer

Casino announces to have launched today a public tender offer on its notes maturing in August 2019, in January 2023 and in August 2026.

Results will be released next Wednesday, September 28th.

This transaction will allow the Group to further reduce its gross debt in France.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION TO ANY U.S. PERSON OR IN OR INTO THE UNITED STATES (EACH AS DEFINED IN REGULATION S UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED) OR IN ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS PRESS RELEASE.

ANALYST AND INVESTOR CONTACTS

Régine GAGGIOLI – Tél : +33 (0)1 53 65 64 17 [email protected] or +33 (0)1 53 65 24 17 [email protected]

PRESS CONTACTS Casino Tél : +33 (0)1 53 65 24 78 [email protected]

IMAGE 7 Grégoire Lucas Tél : +33 (0)1 53 70 74 84 Mob : +33 (0)6 71 60 02 02 [email protected]

Disclaimer

This document contains certain forward-looking statements. This information is not historical data and should not be interpreted as guarantees of the future occurrence of such facts and data. These statements are based on data, assumptions and estimates that the Group believes are reasonable. The Group operates in a competitive and rapidly changing environment. It is therefore not in a position to predict all of the risks, uncertainties or other factors that may affect its business, their potential impact on its business, or the extent to which the occurrence of a risk or a combination of risks could have results that are significantly different from those included in any forward-looking statement. The forward-looking statements contained in this press release are made only as of the date hereof. Except as required by any applicable law, rules or regulations, the Group expressly disclaims any obligation or undertaking to publicly release any updates of any forward looking statements contained in this press release to reflect any change in its expectations or any change in events, conditions or circumstances on which any forward-looking statement contained in this press release is based.

The Issuer published the following press release on September 28th 2016:

Success of the bond public tender offer for a total amount of €333m

The public bond tender offer launched on Tuesday September 20th allows Casino to buyback respectively €150.0m, €95.2m and €88.1m of the bonds maturing in August 2019, January 2023 and August 2026, i.e. a cumulated nominal amount of €333.3m.

Bonds purchased by Casino in the context of this transaction will be cancelled on September 30th, 2016. Nominal amounts will then be reduced to €850.0m for bonds maturing in August 2019, €758.0m for bonds maturing in January 2023 and €513.9m for bonds maturing in August 2026.

This operation increases the amount of bond buyback in 2016 at €978m. Taking into account the redemption of the April 2016 bond, the total outstanding amount of Casino bonds has been reduced by €1,364m in 2016 to date.

This bond tender offer has no material impact on the financial expenses in 2016 and will improve the 2017 financial result by c.€10m.

Bank of America Merrill Lynch, Commerzbank, Credit Suisse, ING, JP Morgan, Natixis and Société Générale acted as dealer managers on this transaction.

ANALYST AND INVESTOR CONTACTS

Régine GAGGIOLI – Tél : +33 (0)1 53 65 64 17 [email protected] or +33 (0)1 53 65 24 17 [email protected]

PRESS CONTACTS

Casino Tél : +33 (0)1 53 65 24 78 [email protected]

IMAGE 7 Grégoire Lucas Tél : +33 (0)1 53 70 74 84 Mob : +33 (0)6 71 60 02 02 [email protected]

Disclaimer

This document contains certain forward-looking statements. This information is not historical data and should not be interpreted as guarantees of the future occurrence of such facts and data. These statements are based on data, assumptions and estimates that the Group believes are reasonable. The Group operates in a competitive and rapidly changing environment. It is therefore not in a position to predict all of the risks, uncertainties or other factors that may affect its business, their potential impact on its business, or the extent to which the occurrence of a risk or a combination of risks could have results that are significantly different from those included in any forward- looking statement. The forward-looking statements contained in this press release are made only as of the date hereof. Except as required by any applicable law, rules or regulations, the Group expressly disclaims any obligation or undertaking to publicly release any updates of any forward looking statements contained in this press release to reflect any change in its expectations or any change in events, conditions or circumstances on which any forward-looking statement contained in this press release is based.

GENERAL INFORMATION

Paragraphs (3), (4), (8) and (15) of the section entitled “General Information” on pages 123 et seq. of the Base Prospectus shall be replaced by the following:

(3) “Except as disclosed in the section “Recent Developments” of the Base Prospectus on pages 75 et seq. of the Base Prospectus, there has been no significant change, nor any development reasonably likely to involve a significant change, in the financial or trading position or general affairs of Casino Finance since 31 December 2015 or of Casino or of the Group taken as a whole since 30 June 2016.

Except as disclosed in Item 7.1 of the cross-reference list in the section “Documents Incorporated by Reference” on page 22 of the Base Prospectus, there has been no material adverse change in the prospects of Casino or Casino Finance or of the Group taken as a whole since 31 December 2015”

(4) “Information on litigations is provided in pages 112 to 114, 212 and 214 of the 2015 Document de Référence, notes 6 and 11 to the consolidated financial statements included on pages 11, 34, 42 and 43 in the Interim Report First Half 2016 and in the section “Recent Developments” of the Base Prospectus. Except as disclosed in such documents, neither Casino nor Casino Finance nor any member of the Group is or has been involved in any other governmental, legal or arbitration proceedings including any such proceedings that are pending or threatened of which the Issuers are aware during a period covering at least the previous 12 months which may have, or have had in the recent past, significant effects on the financial position or profitability of the Group.”

(8) “For so long as Notes issued under the Programme are outstanding, the following documents will be available during usual business hours on any weekday (Saturdays and public holidays excepted), for inspection at the office of the Fiscal Agent or the Paying Agent:

(i) the statuts of Casino and Casino Finance,

(ii) the published documents de référence, the audited non-consolidated and consolidated accounts of Casino for the three financial years ended 31 December 2013 and 2014 and 2015, the audited consolidated accounts of Casino for the six-month periods ended 30 June 2015 and 30 June 2016 and the audited accounts of Casino Finance for the three financial years ended 31 December 2013 and 2014 and 2015 and the APM Guidelines,

(iii) the Final Terms for Notes that are listed on the official list of the Luxembourg Stock Exchange or any other EEA Regulated Market,

(iv) a copy of the Base Prospectus together with any Supplement to the Base Prospectus or further Base Prospectus, and

(v) all reports, letters and other documents, historical financial statements, valuations and statements prepared by any expert at the relevant Issuer’s request any part of which is included or referred to in the Base Prospectus.”

(15) “Ernst & Young et Autres at Tour Oxygène, 10-12, boulevard Vivier Merle, 69393 Lyon Cedex 03, France, and Deloitte & Associés, 185, avenue Charles de Gaulle, 92200 Neuilly Sur Seine, France (both entities regulated by the Haut Conseil du Commissariat aux Comptes and duly authorised as Commissaires aux comptes and belonging to the Compagnie Nationale des Commissaires aux Comptes de Versailles) have audited and rendered unqualified audit reports (i) on the consolidated financial statements of Casino for the years ended 31 December 2013 included in the 2013 Document de Référence, (ii) on the consolidated financial statements of Casino for the years ended 31 December

2014 included in the 2014 Document de Référence and (iii) on the consolidated financial statements of Casino for the years ended 31 December 2015 included in the 2015 Document de Référence. Ernst & Young et Autres and Deloitte & Associés have reviewed and rendered unqualified review reports (i) on the consolidated financial statements of Casino for the period from 1 January 2015 to 30 June 2015 included in the Interim Report First Half 2015 and (ii) on the consolidated financial statements of Casino for the period from 1 January 2016 to 30 June 2016 included in the Interim Report First Half 2016.”