Carrefour: Launch of a Share Buyback Program for €500 Million

MASSY, France–(BUSINESS WIRE)–Regulatory News:

In line with Carrefour’s capital allocation policy aiming at achieving an efficient balance between capex, acquisitions and return to shareholders, and as announced on April 21, 2021, Carrefour has signed a cash share buyback mandate with an investment service provider for a maximum amount of €500m. The purchase period will start on 7 May 2021 and end, at the latest, on 26 November 2021.

The shares so repurchased will be held by Carrefour with a view to their future cancellation.

This operation falls within the framework of Carrefour’s share buyback program¹, as authorized by the General Meeting of shareholders of 29 May 2020 and valid until 28 November 2021, and if applicable, subject to the approval of the 20^th resolution put to the shareholders’ vote at the General Meeting to be held on 21 May 2021.

About Carrefour Group

With a multi-format network of some 13 000 stores in more than 30 countries, the Carrefour Group is one of the world’s leading food retailers. Carrefour recorded gross sales of €78.6 billion in 2020. It has more than 320,000 employees who help to make Carrefour the world leader in the food transition for everyone, providing everybody with access to high-quality, affordable food every day, in all locations.

For more information, visit www.carrefour.com, or find us on Twitter (@GroupeCarrefour) and LinkedIn (Carrefour).

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¹ See section 8.2.3 of the 2020 Universal Registration Document

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