CARREFOUR: Q3 2012 sales (inc. VAT): +2.1% to €22.6 bn Continued growth in emerging markets, notably Latin America, better

  CARREFOUR: Q3 2012sales (inc. VAT):+2.1% to €22.6 bn Continued growth in
  emerging markets, notably Latin America, better quarter in France 9-month
  2012 sales (inc. VAT) up 1.3% to €66.3 bn

Business Wire

BOULOGNE-BILLANCOURT, France -- October 11, 2012

Regulatory News:

Carrefour (Paris: CA)

Q3 2012 sales: €22.6 bn, +2.1%, driven notably by Latin America. The quarter
showed an improvement in France, but Southern Europe remained difficult.

  *France: Sales up 1.2%, supported by improving sales trends in hypermarkets
    and supermarkets and by petrol sales. Sales at convenience formats
    continued to grow strongly. Drive openings continued, with 164 outlets at
    the end of September (39 openings in the quarter).
  *Europe (excl. France): Sales down 2.2%, impacted by continued pressure on
    consumption in Southern Europe. Sales in Belgium grew again this quarter.
  *Latin America: Sales up 5.2% (+12.8% at constant exchange rates),
    accelerating growth in Brazil.
  *Asia: Sales growth of 12.3% (+1.1% at constant exchange rates), broadly in
    line with the previous quarter. In China, expansion offset the slowdown in
    consumption. Taiwan and Indonesia continued their solid growth.

    Q3 2012 Sales inc. VAT VENTES TTC 201 11 October 2012

9-month 2012 sales: €66.3 bn, +1.3%, supported by emerging markets, notably
Latin America, whose sales grew by 5.3% (+9.9% at constant exchange rates).

Third quarter 2012 sales inc. VAT^1

                                   Change at constant
                                                    Change at constant
                 €m       Change   exch. rates inc.     exch. rates ex. petrol
                                   petrol
                                  LFL       Total     LFL          Total
                                                                      
                                                             
France           9,985    +1.2%    +1.7%      +1.2%     -1.5%         -1.1%
Europe (excl.    5,858    -2.2%    -2.9%      -2.2%     -3.3%         -2.5%
France)
Latin America    4,517    +5.2%    +9.3%      +12.8%    +10.1%        +14.0%
Asia             2,267   +12.3%   -3.1%     +1.1%     -3.1%        +1.1%
                                                             
Group            22,627  +2.1%    +1.5%     +2.5%     +0.2%        +1.8%
                                                                      

9-month 2012 sales inc. VAT^1

                                       Change at constant   Change at constant
                    €m      Change  exch. rates inc.    exch. rates ex.
                                       petrol               petrol
                                      LFL        Total    LFL       Total
                                                              
France               28,996   -0.1%    +0.8%      -0.1%    -1.7%     -1.8%
Europe (excl.        17,280   -2.5%    -2.7%       -1.7%    -3.2%      -2.1%
France)
Latin America        13,217   +5.3%    +7.7%       +9.9%    +8.6%      +11.0%
Asia                 6,778   +10.5%   -3.3%      +0.8%    -3.3%     +0.8%
                                                              
Group                66,271  +1.3%    +0.8%      +1.5%    -0.2%     +1.0%

FRANCE

Third quarter 2012 sales inc. VAT^2

                               €m     Change  LFL     Change ex. petrol
                                                         LFL       Total
                                                              
Hypermarkets                    5,360   -0.9%    -0.3%     -3.3%     -3.4%
Supermarkets                    3,432   +2.9%    +4.0%     0.0%       +1.1%
Convenience and other formats   1,194  +5.9%   +5.0%     +3.1%     +3.8%
                                                              
France                          9,985  +1.2%   +1.7%     -1.5%     -1.1%

The calendar effect in France is estimated at -1.6% in the third quarter.

Sales in France were up 1.2%. The petrol effect was a positive 2.3%, as fuel
sales continued to benefit from the "Low Price Guarantee" launched in May in
hypermarkets.

LFL sales at Hypermarkets were broadly stable (-0.3%). Excluding petrol, LFL
sales were down 3.3%, an improvement of over 2 percentage points vs. the
previous quarter. For the third consecutive quarter, sales trends in food
improved.

LFL sales at Supermarkets were up 4.0% (stable excluding petrol) with an
increase in food sales. Sales to our franchisees continued to rise this
quarter, despite strong 2011 comparables.

The roll-out of Drive continued, with the number of outlets totaling 164 at
the end of the quarter: 39 Drive outlets were opened over the quarter.

Convenience and other formats (notably cash & carry) recorded LFL sales growth
of 5.0%. Excluding petrol, sales rose 3.1%, driven by the performance of
renovated stores. At the end of June, the convenience network included 426
City, 355 Contact, 181 Express and 15 Montagne.

EUROPE (excluding France)

Third quarter 2012 sales inc. VAT^3

                                       Change at constant   Change at constant
                     €m     Change  exch. rates inc.    exch. rates ex.
                                       petrol               petrol
                                      LFL        Total    LFL        Total
                                                               
Spain                 2,320   -3.2%    -3.8%      -3.2%    -5.4%      -4.7%
Italy                 1,327   -8.3%    -7.4%       -8.3%    -6.6%       -7.6%
Belgium               1,049   +1.5%    +2.1%       +1.5%    +2.1%       +1.5%
Other countries       1,161  +4.7%    -0.1%      +4.6%    0.0%       +4.9%
                                                               
Europe (excl.         5,858  -2.2%    -2.9%      -2.2%    -3.3%      -2.5%
France)

The calendar effect in Europe (excluding France) is estimated at -1.0% in the
third quarter. Currency effects were broadly neutral.

Sales in Europe (excl. France) fell 2.2%, marking a stabilization in trends as
compared to the previous quarter.

Spain recorded a better quarter in a context marked by an increase in VAT on
September 1, but pressure remained intense, especially on discretionary
spending.

In Italy, LFL sales ex-petrol sales were down 6.6%. Competitive pressure
intensified in the quarter in the face of a significant decrease in
consumption.

Belgium recorded LFL sales growth of 2.1%, continuing the positive trends
observed in previous quarters. All formats registered LFL sales growth.

Sales in other countries (Poland, Turkey and Romania) were broadly stable on a
LFL basis. Including expansion, they were up 4.6% at constant exchange rates.

LATIN AMERICA

Third quarter 2012 sales inc. VAT

                                  Change at constant        Change at constant
                €m     Change  exch. rates inc. petrol  exch. rates ex.
                                                            petrol
                                 LFL           Total      LFL       Total
                                                              
Brazil           3,103   +0.1%    +8.9%         +11.3%     +9.7%     +12.4%
Other            1,413  +18.4%   +10.6%        +17.0%     +11.4%    +18.1%
countries
                                                              
Latin America    4,517  +5.2%    +9.3%         +12.8%     +10.1%    +14.0%

The calendar effect in Latin America is not significant in the third quarter.
Currency effects were a negative 7.6%, mainly attributable to the depreciation
of the Brazilian real and the Argentine peso in the month of September vs. the
euro.

Sales in Latin America rose 5.2% and by 12.8% excluding currencies, marking an
acceleration over the previous quarter (+7.4%). Expansion was boosted by the
reopening of all the acquired Eki stores under the Carrefour banner in
Argentina.

In Brazil, sales excluding petrol at constant exchange rates rose 12.4%, or
+9.7% on a LFL basis. Atacadão’s sales growth continued on a tough comparable
basis in 2011. Atacadão’s sales reflect both the format’s dynamism and rising
prices for staple products. LFL hypermarket sales continued to improve.

Other countries, notably Argentina, recorded growth of 18.1%, or +11.4% on a
LFL basis (excluding petrol, at constant exchange rates).

ASIA

Third quarter 2012 sales inc. VAT^4

                 €m     Change  Change at constant exch. rates
                                  LFL                Total
                                                 
China             1,367   +13.9%   -6.1%              +0.1%
Other countries   900    +10.0%   +1.1%              +2.6%
                                                 
Asia              2,267  +12.3%   -3.1%              +1.1%

The calendar effect in Asia was not significant in the third quarter. The
13.8% appreciation of the Chinese currency contributed to a positive 11.2%
foreign exchange effect in Asia.

Sales in Asia were up 12.3%. Excluding currencies, sales rose 1.1%.

Sales in China at constant exchange rates were stable, supported by expansion
(+6.2%), in a context marked by economic slowdown.

LFL sales in Other countries were up 2.6%. Sales in Taiwan and Indonesia
continued to grow.

9-month 2012 sales inc. VAT^5

                                       Change at constant   Change at constant
                    €m      Change  exch. rates inc.    exch. rates ex.
                                       petrol               petrol
                                      LFL       Total     LFL       Total
                                                              
Hypermarkets         15,749   -2.4%    -1.7%     -2.4%     -4.0%     -4.3%
Supermarkets         9,954    +1.6%    +3.2%      +1.6%     +0.1%      +0.3%
Convenience and      3,293   +6.6%    +6.4%     +6.6%     +5.1%     +5.4%
other formats
France               28,996  -0.1%    +0.8%     -0.1%     -1.7%     -1.8%
                                                              
Spain                6,599    -3.9%    -4.6%      -3.9%     -6.3%      -5.5%
Italy                4,223    -5.0%    -4.3%      -5.0%     -4.1%      -4.8%
Belgium              3,119    +1.6%    +1.6%      +1.6%     +1.6%      +1.6%
Other countries      3,338   0.0%     -0.6%     +4.0%     -0.4%     +4.4%
Europe (excl.        17,280  -2.5%    -2.7%     -1.7%     -3.2%     -2.1%
France)
                                                              
Brazil               9,255    +0.9%    +7.0%      +8.2%     +7.9%      +9.3%
Other countries      3,962   +17.2%   +9.6%     +14.3%    +10.4%    +15.3%
Latin America        13,217  +5.3%    +7.7%     +9.9%     +8.6%     +11.0%
                                                              
China                4,275    +12.2%   -5.7%      0.0%      -5.7%      0.0%
Other countries      2,504   +7.7%    +0.6%     +2.1%     +0.6%     +2.1%
Asia                 6,778   +10.5%   -3.3%     +0.8%     -3.3%     +0.8%
                                                              
Group                66,271  +1.3%    +0.8%     +1.5%     -0.2%     +1.0%

The calendar effect over the first nine months is estimated at +0.2% at Group
level (of which -1.0% in Q3), or +0.2% in France, +0.2% in Europe, +0.4% in
Latin America and -0.4% in Asia.

EXPANSION UNDER BANNERS – Q3 2012

In the third quarter, we opened or acquired 131,000 gross sq. m, bringing to
363,000 sq. m the total of new space since the beginning of 2012. Net of
disposals or closures, the network added 72,000 sq. m in the third quarter
(48,000 sq. m since the beginning of the year).

Thousands 31       30       Openings/                                               30
of sq. m  Dec.    Juin    Store       Acquisitions Closures Transfers Disposals  Sep.
          2011     2012     enlargement                                             2012
                                                                         
France    5,078   4,939   9                       -4                -3         4,940
Europe    6,241   6,260   68                      -36                         6,292
(ex. Fr)
Latin     2,340   2,401   23                                                 2,424
America
Asia      2,636   2,673   31                      -16                         2,690
Total     16,296  16,273  131                     -56               -3         16,345
Group

STORE NETWORK UNDER BANNERS – Q3 2012

In the third quarter, we opened or acquired 176 stores for a total of 595 new
stores since the beginning of 2012 on a gross basis. Net of disposals or
closures, the network grew by 73 stores in the second quarter (174 since the
beginning of the year).

No. of       31      30                                                           30
stores       Dec.   June   Openings Acquisitions Closures Transfers Disposals  Sep.
             2011    2012                                                         2012
                                                                       
Hypermarkets 1,437  1,443  13                   -6                          1,450
France       232    220                                                   220
Europe (ex   509    517    5                    -4                          518
Fr)
Latin        335    340    4                                               344
America
Asia         361    366    4                    -2                          368
                                                                       
Supermarkets 3,010  2,985  28                   -17      450       -2         3,444
France       977    934                                1         -2         933
Europe (ex   1,866  1,866  28                   -17      449                 2,326
Fr)
Latin        150    168                                                   168
America
Asia         17     17                                                    17
                                                                       
Convenience  5,170  5,286  135                  -78      -450                4,893
France       3,285  3,301  40                   -32      -1                  3,308
Europe (ex   1,787  1,768  79                   -44      -449                1,354
Fr)
Latin        98     217    16                   -2                          231
America
Asia         0      0                                                     0
                                                                       
Cash & carry 154    158                                                   158
France       137    139                                                   139
Europe (ex   15     17                                                    17
Fr)
Asia         2      2                                                     2
                                                                       
Total        9,771  9,872  176                  -101              -2         9,945
France       4,631  4,594  40                   -32               -2         4,600
Europe (ex   4,177  4,168  112                  -65                         4,215
Fr)
Latin        583    725    20                   -2                          743
America
Asia         380    385    4                    -2                          387

                                    AGENDA
                        January 17 2013: Q4 2012 sales
                     March 7 2013: Full-year 2012 results

^1 Operations in Greece and Singapore have been reclassified as Discontinued
Activities as of January 1, 2012. Figures are pro-forma, ex. Greece and
Singapore.

^2 During the first 9 months of 2012, expansion was marked by 3 changes in
scope: the end of the franchise agreement with Coop Atlantique effective
January 1, 2012, the end of the franchise agreement with Altis effective April
6, 2012 and the integration of Guyenne & Gascogne on June 1, 2012 after the
success of the cash tender offer, with a secondary option in shares, followed
by a compulsory buyout offer.

^3 On August 8, 2012, Carrefour sold to Marinopoulos its stake in their joint
venture, Carrefour Marinoupolos, leading to the Group’s operations being
reclassified as Discontinued Activities. As of January 1, 2012, to facilitate
comparison, the Q3 2011 figures have been restated pro-forma ex. Greece.

^4 Operations in Singapore have been reclassified as Discontinued Activities
as of January 1, 2012. Figures are pro-forma, ex. Singapore.

^5 Operations in Greece and Singapore have been reclassified as Discontinued
Activities as of January 1, 2012. Figures are pro-forma, ex. Greece and
Singapore.

Contact:

Investor Relations:
Réginald Gillet, Alessandra Girolami, Matthew Mellin
+33 (1) 41 04 26 00
or
Shareholder relations:
Céline Blandineau, +33 (0) 805 902 902 (toll free in France)
or
Group Communication: +33 (1) 41 04 26 20
 
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