Press

OFFER PRICE: an amount in euros equivalent to U.S. $ 5.50 per ordinary shares

Tendering shareholders will receive an amount in euros per tendered ordinary share equivalent to U.S. $5.50 per ordinary share, calculated by using the WM/Reuters index spot exchange rate for euros per U.S. $ at 5:00 p.m. (Paris time) on the business day following the closing of the offer, rounded down to the nearest thousandth euro, provided that the global amount paid under each tender order will be rounded down to the nearest lesser euro cent.

OFFER PERIOD: The timetable of the offer will be set out by the Autorité des marchés financiers (the French Market Authority (“AMF”)) pursuant to the AMF General Regulations

This press release relative to the tender offer, the draft of which was filed with the AMF on December 6, 2016, has been prepared by Casino Guichard-Perrachon and published in accordance with Article 231-16 of the AMF General Regulations.

THIS OFFER AND THE DRAFT INFORMATION MEMORANDUM REMAIN SUBJECT TO THE AMF’S REVIEW

Copies of the draft information memorandum are available on the websites of the AMF (www.amffrance.org) and of Casino Guichard-Perrachon S.A. (http://old.groupecasino.axome.cc) and may be obtained free of charge from:

Casino, Guichard-Perrachon S.A.
1 Cours Antoine Guichard – 42000 SaintÉtienne,
France
JPMorgan, Chase Bank, N.A.
14 place Vendôme – 75001 Paris
France
Pursuant to Article 231-28 of the AMF General Regulations, information relating in particular to the legal, financial and accounting characteristics of Casino Guichard-Perrachon S.A. will be filed with the AMF and made available to the public no later than on the day preceding the opening of the Offer.

Casino’s Board of Directors, at a meeting held today, looked into the process made by its Brazilian affiliate CBD to evaluate potential strategic alternatives involving Via Varejo, its electronic goods and furniture business.

The Board approved CBD’s decision to continue prioritizing the development of the food business – hypermarkets, supermarkets and convenience stores, cash & carry – and to launch the process of disposal of Via Varejo.

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.