Carrefour: Option to receive the 2011 dividend payment in shares

  Carrefour: Option to receive the 2011 dividend payment in shares

Business Wire

BOULOGNE, France -- July 03, 2012

Regulatory News:

At the Annual General Meeting held on June 18, 2012, Carrefour's (Paris:CA)
shareholders approved a €0.52 per share dividend for the 2011 financial year
and decided to offer shareholders an option to receive the dividend payment in
shares. In addition to the release published on May 30, 2012, Carrefour
provides the additional following information:

  * The issue price of the new shares to be issued has been set at 12.78 euro
    per share, representing 95% of the average opening prices quoted on NYSE
    Euronext Paris during the 20 trading days preceding the date of the Annual
    General Meeting, less the amount of the proposed dividend and rounded
    upward to the nearest euro cent.
  * The shares issued as dividend payment will carry dividend rights as from
    January 1, 2012. An application to list these new shares on NYSE Euronext
    Paris will be made. The new shares will rank pari passu with existing
    shares and will be fully fungible with existing shares already listed.
  * The maximum total number of new shares which may be issued for the purpose
    of the dividend payment in shares is 27,956,772 shares (excluding the
    option to round up), representing about 4.04% of the share capital and
    3.53% of the voting rights of Carrefour as of the Annual General Meeting
    held on June 18, 2012.

Disclaimer

This press release constitutes the information document required pursuant to
Article 212-4-4° and 212-5-5° of the French Financial Market Authority (AMF)
General Regulation and Article 13 and Annex III of the AMF Instruction number
2005-11 dated December 13, 2005 as amended.

This press release does not constitute an offer to purchase securities. This
press release and any other document relating to the payment of dividend in
shares may only be distributed or disseminated outside of France in conformity
with applicable local laws and regulations and shall not constitute an offer
for securities in any jurisdiction where such an offer would infringe
applicable laws and regulations.

The option to receive the 2011 dividend payment in shares, as described
herein, is not available to shareholders residing in any country where such
option would require registration or approval by local securities regulators.
Shareholders residing outside of France must inform themselves about, and
comply with, any restrictions which may apply under their local laws. In any
event, this option is open to shareholders residing in a Member State of the
European Union, the United States of America, Norway and Switzerland. Orders
originating from other countries would not be accepted.

For tax purposes in relation to the dividend payment in shares, the
shareholders are invited to study their personnel situation with their tax
advisor.

In making the election to receive the dividend payment in shares, shareholders
should take into consideration the risks associated with an investment in
shares.

Contact:

Investor Relations:
Réginald Gillet, +33 (1) 41 04 26 00