Carrefour initiates the disposal of 7% of Carmila’s share
capital through an accelerated book-building

Paris, June 3, 2025 – Carrefour announces its intention to sell 7% of Carmila’s share capital, representing
9,866,421 shares in Carmila, through a private placement by way of an accelerated book-building process (the
“Placement”).

The book-building process will start immediately following the release of this announcement and the final terms of
the Placement will be determined after the end of the book-building process and will be announced in another press
release together with the results of the Placement. The settlement and delivery of the Placement is expected to take
place on June 6, 2025.

The Placement takes place in the context of the strategic review underway at Carrefour as announced last February.

Carrefour reiterates its confidence in Carmila’s management and strategy and confirms its intention to remain
Carmila’s reference shareholder. After this Placement, Carrefour will own c. 29.8% of Carmila’s share capital,
representing 41,948,933 shares, and has agreed to a 90-day lock-up on this stake from the settlement and delivery
date of the Placement, subject to certain customary exceptions. This Placement will not result in any change to
existing partnerships, mandates and service agreements between the two companies.

Carmila has indicated its intention to participate in the Placement to complete its ongoing share buyback program.

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Carmila’s shares are admitted to trading on the regulated market of Euronext in Paris (ISIN code: FR0010828137).
Further information about Carmila can be found at www.carmila.com.

This press release is for information purposes only and does not constitute an offer or solicitation to purchase shares.
This sale of shares constitutes an offer reserved for qualified investors as provided for by Article L.411-2-1° of the
French Monetary and Financial Code.



About the Carrefour Group
With a multi-format network of over 15,000 stores in more than 40 countries, the Carrefour Group is one of the world’s
leading food retailers. In 2024, Carrefour generated €94.6 billion in revenue. Its network of integrated stores employs over
300,000 people, who contribute to making Carrefour the global leader in the food transition for all, providing high-quality,
accessible, and affordable food every day. In total, more than 500,000 people work under the Carrefour banner
worldwide. For more information, visit www.carrefour.com, or find us on X (@news_carrefour) and LinkedIn (Carrefour).


Contact

Investor Relations
Sébastien Valentin, Andrei Dragolici and Mathilde Novick Tel: +33 (0)1 64 50 82 57
Shareholder Relations Tel: 0 805 902 902 (toll-free in France)
Group Communication Tel: +33 (0)1 58 47 88 80


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Disclaimer
This announcement is an advertisement and not a prospectus within the meaning of Regulation (EU) 2017/1129 of
the European Parliament and of the Council of June 14, 2017, as amended (the “Prospectus Regulation”).

With respect to the member states of the European Economic Area (the “Member States”), no action has been or will
be taken in order to permit a public offer of the securities which would require the publication of a prospectus in one
of such Member States. In Member States, this announcement and any offer if made subsequently are directed
exclusively at persons who are “qualified investors” within the meaning of Article 2(e) of the Prospectus Regulation.

In France, the offer and sale of Carmila’s shares will be carried out through an offer to the benefit of qualified
investors, as defined in Article 2(e) of Prospectus Regulation and in accordance with article L.411-2, 1° of the French
Monetary and Financial Code and other applicable French laws and regulations. The offering will not be open to the
public in France.

In the United Kingdom, this announcement is directed only at, and any offer if made subsequently is directed only at,
persons who are “qualified investors” within the meaning of Article 2(e) of the Prospectus Regulation as it forms part
of the domestic law of the United Kingdom by virtue of the European Union (Withdrawal) Act 2018 who are (i)
investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005 (as amended, the “Order”), (ii) persons referred to in Article 49(2) (a) to (d) of the Order (high
net worth entities, non-registered associations, etc.) or (iii) other persons to whom this announcement may be
lawfully communicated (all persons together being referred to as Relevant Persons). In the United Kingdom, Carmila’s
shares are available only to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such
shares will be engaged in only with Relevant Persons. Any person in the United Kingdom who is not a Relevant Person
must not act or rely on this announcement or any of its contents.

This announcement does not constitute or form a part of any offer or solicitation to purchase or subscribe for
securities in the United States. Securities may not be offered or sold in the United States unless they are registered
under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or exempt from registration thereunder.
Carmila’s shares have not been and will not be registered under the Securities Act and may only be re-offered or
resold pursuant to an exemption from, or in a transaction not subject to, the registration required by the Securities
Act. Neither Carrefour, nor any of its shareholders or affiliates intend to register any portion of the proposed offering
in the United States or to conduct a public offering of securities in the United States.

The shares have not been and will not be offered, sold or acquired in Australia, Canada or Japan. The information
contained in this press release does not constitute an offer of securities in Australia, Canada or Japan. This
announcement may not be published, forwarded or distributed, directly or indirectly, in Canada, Australia or Japan.

The distribution of this announcement into certain jurisdictions may be restricted by law. No action has been taken by
Carrefour that would permit an offering of Carmila’s shares or possession or distribution of this announcement in any
jurisdiction where action for that purpose is required. Persons into whose possession this document or other
information referred to herein comes should inform themselves about and observe any such restrictions. Any failure
to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

Any investment decision to buy Carmila’s shares must be made solely on the basis of publicly available information
regarding Carmila. Such information is not the responsibility of Carrefour and has not been independently verified by
Carrefour.




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