It is the Largest Transaction of the Group

Regarding the purchase of the 30 Makro stores, Alexandre Bompard, chairman of the Board of Directors and CEO of the Carrefour Group, said: "This transaction is the most important movement of the Carrefour Group in Brazil, since the acquisition of Atacadão in 2007. This highlights our commitment to the expansion of our growth formats and is in line with the transformation plan of Carrefour 2022. The wholesale model has been a major contributor to Carrefour's growth in recent years, especially in Brazil. With this transaction, we will expand our presence in the Brazilian market, the second largest market for the Group, after France." Noël Prioux, CEO of The Carrefour Brasil Group, added: "This transaction is a growth accelerator for Carrefour Brasil. With this acquisition, Atacadão will strengthen its geographical presence and further consolidate its national presence. This acquisition, along with the pace of organic growth with 20 Atacadão stores opened in 2019, will represent an acceleration equivalent to one and a half years of expansion, marking an important advance for the Carrefour Brasil Group."