Carrefour Dividend for Financial Year 2012

  Carrefour Dividend for Financial Year 2012

Business Wire

BOULOGNE-BILLANCOURT, France -- April 23, 2013

Regulatory News:

At the Annual General Meeting held today, Carrefour's (Paris:CA) shareholders
approved the proposed €0.58 per share dividend for the 2012 financial year and
decided to offer shareholders an option to receive the dividend payment in
shares.

The issue price of the new shares to be issued in consideration for the
dividend has been set at €19.62. This issue price represents 95% of the
average opening prices quoted on the regulated market of 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 ex-date is set on May 2, 2013. The shareholders may opt for the dividend
payment in cash or in new shares from May 2 to May 23, 2013 included, by
sending their request to their financial intermediaries. For the shareholders
who have not exercised their dividend payment option by May 23, 2013, the
dividend shall only be paid in cash^1.

For the shareholders who have not opted for a dividend payment in shares by
May 23, 2013, the dividend shall be paid in cash on June 7, 2013. For the
shareholders who have opted to receive the dividend in shares, settlement and
delivery of the shares will be on June 7, 2013.

If the amount of dividends for which the option is exercised does not
correspond to a whole number of shares, shareholders may choose to either
receive the rounded-up whole number of shares by paying the difference in cash
on the day they exercise the option or receive the rounded-down whole number
of shares and the balance in cash.

The shares issued as dividend payment will carry dividend rights as from
January 1, 2013. 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 20,783,827 shares (excluding additional
shares issued for rounding purposes), representing approximately 2.93% of the
share capital and 2.58% of the voting rights of Carrefour based on the total
number of shares and voting rights as of March 31, 2013.

Calendar:
April 30    Record date
May 2          Ex-date and beginning of the option period for the election of
               share dividend
May 23         End of the option period for the election of share dividend
June 4         Announcement of the result of the option period
June 7         Payment of cash dividend, settlement-delivery of share dividend
               

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 AMF n°
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 2012 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 review their personal situation with their own 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.

^1 ADR holders may be subject to different election and payment conditions and
should consult the depositary for more information.

Contact:

Carrefour
Investor Relations:
Réginald Gillet / Alessandra Girolami / Matthew Mellin, +33 (0)1 41 04 26 00
 
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