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Successful Completion of Exchange Offer

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Successful Completion of Exchange Offer

Casino today successfully completed its offer, launched on 26 January, to exchange its notes due 2012 and 2013.

In exchange, Casino issued new notes in an amount of €888 million due February 2017 and paying interest equivalent to the Mid-Swap rate plus a spread of 135 bps.

The exchange offer was highly successful, with qualifying holders tendering around €1.5 billion in notes, or almost twice the maximum acceptance amount.

It has reduced debt repayments due 2012 and 2013 by, respectively €440 million and €354 million, thereby improving the Group’s debt profile and lengthening maturities.

The offer was managed by BNP Paribas, Calyon, JP Morgan, Natixis, RBS and Société Générale.

Saint-Etienne, 3 February 2010

Press Contacts
Caroline Simon, +33 (0)1 53 70 74 65, caroline.simon@image7.fr
Karine Allouis, +33 (0)1 53 70 74 81, kallouis@image7.fr

Investors Contacts
Nadine COULM, +33 (0)1 53 65 64 17, ncoulm@groupe-casino.fr
Aline NGUYEN, +33 (0)1 53 65 64 85, anguyen@groupe-casino.fr

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