FRANCE – Deterioration in like-for-like sales as action plan launched
- Hypermarket LFL sales down -4.4% ex-petrol and ex-calendar, partly due to initial impact of action plan: new commercial mix with fewer promotions
- Convenience formats deliver continued outperformance with a 17% LFL growth at stores under Carrefour banners

WESTERN EUROPE – Resilient performance in a negative environment
- Spain: Hypermarket sales LFL ex-petrol and ex-calendar down -3.7%, improving on -4.9% in Q2; encouraging resilience in food sales
- Belgium: Further confirmation of recovery with sales up +2.6% LFL ex-petrol, ex-calendar
- Italy: Persistently tough environment, repositioning of commercial offer underway in supermarkets

EMERGING MARKETS – Continued solid growth
- Latin America: Solid growth with +9.9% increase, ex-currency and ex-calendar
- Asia: Growth of +4.0% ex-currency and ex-calendar, driven by expansion in China
- Other Europe: -3.6% sales decline, mainly due to Greece

CARREFOUR PLANET – Roll-out on track
- 50 Planet stores in Europe open at end of September; unchanged objective of 82 stores by year end

UPDATED FULL-YEAR GUIDANCE
- 2011 Current Operating Income guidance broadened from “around -15%” to a range of -15% to -20% vs. restated 2010, ex-DIA

Lars Olofsson, Chairman and CEO of Carrefour, declared:
“Carrefour posted broadly stable sales in the third quarter in worsening economic conditions, notably impacting discretionary spending. Our sales continued to grow in emerging markets, with a solid performance in Latin America, particularly Brazil, and continued expansion in China. Overall, in Western Europe, our sales held up reasonably well. In France, where our like-for-like sales declined, we started to decisively implement our action plan (“Reset”) to rebuild momentum in our hypermarkets. Faced with an increasingly uncertain environment, we are, as a matter of prudence, broadening the range of our 2011 Current Operating Income guidance to a decline of 15% to 20%.