Carrefour to Divest 7% Stake in Carmila via Accelerated Book-Building

Paris, June 3, 2025 – Carrefour has announced plans to divest 7% of its stake in Carmila, equating to 9,866,421 shares. This will occur via an accelerated book-building process. The process begins immediately, with final terms to follow in a separate announcement post-completion. Settlement is expected on June 6, 2025.

This strategic move aligns with Carrefour's broader review announced in February. Despite the sale, Carrefour remains committed to being Carmila's key shareholder, maintaining a 29.8% stake. A 90-day lock-up agreement on the retained shares is in place, subject to standard exceptions.

Carmila plans to join the placement to support its share buyback initiative. The placement will not affect any existing agreements between the companies. Carmila shares are publicly traded on Euronext Paris.