The benefits of registered shares
When you hold directly or intermediary registered shares, you benefit from the following advantages:

• Guaranteed personalised information service
  Prior to General Meetings, we will send the following directly to your home:
  - the meeting convening notice;
  - a postal voting form including the application form for an entrance pass.
  Our shareholders’ newsletters will also be sent to you automatically.
  Finally, you will have access to a telephone helpline at CACEIS Corporate Trust, which manages the Carrefour shareholding service. A team of advisers will be at your disposal to inform you about the management of your shares, the tax rules applicable to securities and the organisation of General Meetings.

• Double voting right
  Each share that has been held in registered form for at least 2 years benefits from a double voting right.

• Preferential access to the company’s General Meetings
  The holders of registered shares are automatically invited to attend General Meetings and need not accomplish any prior formality.

• If you opt for directly registered shares, you will furthermore benefit from:
  Free management of your shares.
  The holders of registered shares do not pay any custody fees or any of the fees inherent in the day-to-day management of their securities, namely fees.
  
  Access to the Olis website : www.olisnet.com/actionnaire
  The secured Olis website (access with a login sent by the CACEIS Corporate Trust and a personalised password) allows you to check your personal data (postal address, fiscal address, bank information), to display the situation of your account and the record of your operations.

Directly registered share transfers
For directly registered share transfers, all you need to do is fill in and sign a share transfer request form and send it to your financial intermediary. Your financial intermediary will then send your request to CACEIS Corporate Trust. As soon as it receives your shares, CACEIS Corporate Trust, the company commissioned by Carrefour to manage registered share accounts, will send you the corresponding share registration certificate. CACEIS Corporate Trust will become your only contact.
A notice will also be sent to you whenever a transaction is performed on your account. On 31 December of each year, CACEIS Corporate Trust will send you a valuated portfolio statement.

The fees inherent in share transfers will be determined by your financial intermediary, whose commission rates you should consult.

For information about the time required to transfer your shares, please contact your financial intermediary. Your shares will only become definitively registered once your financial intermediary has completed the effective transfer of your shares.

Opting for intermediary registered shares
Should you wish your shares to be held as intermediary registered shares, you need not transfer your shares or change your bank.
Your intermediary registered share account can therefore be managed by any financial establishment you choose.
Your banker will have to submit a request for registration to our management company, namely CACEIS Corporate Trust, and will retain management of your shareholding account.

CACEIS Corporate Trust will register your shares as intermediary registered shares free of charge, upon receiving the application submitted by your financial intermediary.

Any shares that are held in a PEP may be held as intermediary registered shares.

Legal and tax implications
The tax treatment for bearer and registered shares is the same.

Choosing to hold shares in registered form has no tax impact, as this is not deemed a disposal for tax purposes and does not trigger any tax events with respect to capital gains tax on security disposals.

A tax form (IFU) issued in connection with the payment of dividends and, where applicable, with any share transfers that took place during the year will be sent out to you in January of the following year.

CACEIS Corporate Trust will not compute your capital gains or losses. We therefore recommend that you retain all transaction notes so as to be able to prepare your tax return.