Casino group: Successful bond exchange offer CASINO :

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Casino group: Successful bond exchange offer

CASINO : SUCCESSFUL BOND EXCHANGE OFFER

After the successful issuance of a new €550m bond on May 30 th 2017, Casino announces today the results of its tender offer, launched at the same time and closed on June 6 th 2017.

Following this offer, Casino buys back respectively €153m, €153m and €60m of the bonds maturing in November 2018, August 2019 and March 2020, implying a total reduction in the notional amount of these bonds of €366m. Taking into account the difference between the purchase price and par, the total cash-out stands at €400m.

The bonds tendered in this transaction will be cancelled on June 13 th 2017.

Following this transaction, the outstanding amount of these three bonds will be reduced at €355m for the November 2018 bond, €697m for the August 2019 bond and €540m for the March 2020 bond.

This buyback, in connection with the new €550m 5-year bond issued on May 30 th 2017, smoothes the Group's bond redemptions and extends the average maturity of Casino's bond debt from 4.8 years to 5.0 years as of today. This transaction has no material impact on the Group's financial expenses.

Casino is rated BB+ stable by Standard & Poor's and Fitch Ratings.

                                                

Bank of America Merrill Lynch, BNP Paribas, Citigroup, Crédit Agricole Corporate and Investment Bank, Deutsche Bank, Mitsubishi UFJ Securities International, NatWest Markets and UBS Investment Bank acted as joint bookrunners.

ANALYST AND INVESTOR CONTACTS Régine Gaggioli - Tel: +33 (0)1 53 65 64 17 rgaggioli@groupe-casino.fr or +33 (0)1 53 65 24 17 IR_Casino@groupe-casino.fr

  PRESS CONTACTS Casino Group Tel.: +33 (0)1 53 65 24 78 Directiondelacommunication@groupe-casino.fr Stéphanie Abadie , Press relations manager Tel.: + 33 (0)6 26 27 37 05 - sabadie@groupe-casino.fr AGENCE IMAGE SEPT Simon Zaks - Tel: +33 (0)6 60 87 50 29 - szaks@image7.fr Karine Allouis - Tel: + 33 (0)6 11 59 23 26 - kallouis@image7.fr

Disclaimer

This press release was prepared solely for information purposes and should not be construed as a solicitation or an offer to buy or sell securities or related financial instruments. Similarly, it does not give and should not be treated as giving investment advice. It has no connection with the investment objectives, financial situation or specific needs of any recipient. No representation or warranty, either express or implicit, is provided in relation to the accuracy, completeness or reliability of the information contained herein. It should not be regarded by recipients as a substitute for exercise of their own judgement. All opinions expressed herein are subject to change without notice. This document contains certain forward-looking statements. This information is not historical data and should not be interpreted as guarantees of the future occurrence of such facts and data. These statements are based on data, assumptions and estimates that the Group believes are reasonable. The Group operates in a competitive and rapidly changing environment. It is therefore not in a position to predict all of the risks, uncertainties or other factors that may affect its business, their potential impact on its business, or the extent to which the occurrence of a risk or a combination of risks could have results that are significantly different from those included in any forward-looking statement. The forward-looking statements contained in this press release are made only as of the date hereof. Except as required by any applicable law, rules or regulations, the Group expressly disclaims any obligation or undertaking to publicly release any updates of any forward looking statements contained in this press release to reflect any change in its expectations or any change in events, conditions or circumstances on which any forward-looking statement contained in this press release is based.

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