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Press release

3 MARCH 2011

2010 Results
Solid growth in sales and current operating income Net income impacted by significant one-off charges Proposed spin-off of 100% of DIA and of 25% of Carrefour Property

(€m) Sales excl. VAT Current operating income Net income from recurring operations, Group share

2009 restated 85,366 2,720 343

2010 90,099 2,972 382

Var. 5.5% 9.3% 11.3%Solid 2010 results despite significant one-off charges
Solid growth in sales: +5.5% to €90,099m (+1.4% ex. petrol and at constant exchange rates), driven by our growth markets Current operating income: €2,972m, up 9.3%, boosted by the positive results of our Transformation Plan. The underlying growth in current operating income was 11.5% (1) Operating profit: €1,836m, up 10.8%, impacted bynon-recurring charges of €1,137m

Success of our Transformation Plan
Purchasing gains (€330m) and cost savings (€580m) above our initial targets Successful launch of Carrefour Planet pilot stores Behind plan on inventory reduction (-0.1 day vs. target of -2 days) Moving ahead on banner convergence in Europe

Mixed results in our markets
France: improvement in operating margin of 50 bp (+24 bpexcl. positive impact from the CVAE tax), market share gains on a like-for-like basis despite a slowdown in sales in H2 Europe: restructuring and turnaround in Belgium, refocused activities in the North of Italy, continuing costsavings notably in Spain, and solid recovery in Poland Latin America: solid growth in sales driven by Argentina and Atacadao in Brazil. Lower profitability in Brazil Asia:confirmation of strong performance in China, recovery in Taiwan and strategic partnership in Indonesia to accelerate growth

2011 priorities and objectives – New momentum
Transformation Plan : o Sustained pace of Carrefour Planet roll-out o Strong development of Carrefour-branded products and continuation of the roll-out of our winning concepts under the Carrefour banner o 2011 targets (excl.Dia): cost savings of €480m, purchasing gains of €225m and 2-day inventory reduction Acceleration of expansion in 2011 with 800 store openings, notably in growth markets Sales and Current operating income increase in 2011
(1) Adjusted for CVAE in France (+€90m), Belgium labour disruption (-€40m) and a one-off accounting charge of €54m
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Press release

3 MARCH 2011

Two projects tosupport our strategy and maximize value creation
Proposed spin-off of 100% of Dia to focus on the Carrefour brand Proposed spin-off of 25% spin-off of Carrefour Property to optimize the potential of our real estate portfolio

Lars Olofsson, CEO and Board member of Carrefour, declared: "Carrefour achieved solid sales and operating profits in 2010 despite significant one-off charges, notably inBrazil. Current operating income, while slightly below our target, grew faster than sales, reflecting Carrefour's success in reducing its operating costs and achieving purchasing gains, two key pillars of our Transformation Plan. In 2011, we will inject new momentum. We will continue executing our Transformation Plan with determination and add two more growth engines: we will accelerate the developmentof the Carrefour brand and, following the convincing results of our pilot stores, we will roll out Carrefour Planet hypermarkets in five European countries. We will also propose to our shareholders to spin off 100% of Dia and 25% of Carrefour Property. This will allow us to concentrate on the Carrefour brand and crystallize the embedded value of our real estate portfolio. Carrefour is well on itsway to completing its transformation, becoming the preferred retailer and maximizing value creation for its shareholders."

At its 1st March 2011 meeting, the Carrefour Board of Directors examined and approved the 2010 consolidated financial statements. Those statements are currently being audited. The Board decided to propose to shareholders at the next AGM, to be held on June 21, a dividend...