Press

Paris, 4th November, 2016 – Monoprix is holding a Day for investors and financial analysts today in Paris.

The day will be animated by Regis Schultz, Chairman of Monoprix, and his team.

Live webcast and replay:

• The event commences at 09:30 in Paris on 4th November, 2016. It can be watched on a live webcast at the following address: http://edge.media-server.com/m/p/pqopvhsr/lan/en
• The presentations will be available for download on the website and a replay will be made available under the above mentioned webcast link.

In France, growth in food sales and in gross sales under banners and market share gains
Faster increase in food sales in Brazil and sustained good performance in Colombia
Total Group sales up +6.7%, highest growth in 13 quarters

In France: gross sales under banners up +1.4% in food

• Géant Casino : sustained growth in food sales, up +1.8% (+7.5% over two years) and market share gains
• Supermarchés Casino: ongoing improvement in sales (+4.5% on an organic basis and +2.8% on a same-store basis) and growth in traffic (+2.4% on a same-store basis), market share gains
• Monoprix: continued organic growth (+0.8%) with a strong expansion drive
• Franprix: traffic positive on a same-store basis (+2.6%) thanks to the success of renovated stores

In Latin America: food sales up +13.2% on an organic basis and +8.2% on a same-store basis; very favorable currency effect

• Exito (excluding Brazil): good organic and same-store performance
• GPA Food: strong growth (+8.3% on a same-store basis) driven by the recovery of food sales at Extra hypermarkets and supermarkets and by Assaí, which recorded double-digit growth in traffic
• Via Varejo: continued sales growth (up +2.0% on a same-store basis) and maintenance of marketshare at a level comparable to highest historical records

E-commerce:

• Cdiscount France: net sales growth of +5.6% and marketplaces’ GMV up +19%
• Cnova Brazil: marked decline in activity

A replay service will be available two hours after the call by dialing: +33 1 72 00 15 00 – Pin code: 30 37 13#

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.

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.

AMSTERDAM, August 23, 2016, 23:35 CEST — Cnova N.V. (NASDAQ and Euronext Paris: CNV; ISIN: NL0010949392) (“Cnova” or the “Company”) today filed a Transaction Statement on Schedule 13E‐3 with the U.S. Securities and Exchange Commission in connection with the previously announced reorganization of the Company’s Brazilian subsidiary, Cnova Comércio Eletrônico S.A., within Via Varejo S.A.

The Transaction Statement and the exhibits to the Transaction Statement, including a preliminary supplemental information statement, contain relevant information about this reorganization.

The Transaction Statement and the exhibitsthereto are available to investorsthrough the SEC’s EDGAR filing system, at www.sec.gov, and the preliminary supplemental information statement is also available on the website of Cnova, www.Cnova.com.

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.

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 (€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