Groupe Casino: Update on new money equity offers

Update on new money equity offers

Paris, 17 July 2023

Casino annouces that it received on 15 July 2023 a revised offer from EP Global Commerce a.s., Fimalac and Attestor to strengthen the Group’s equity capital. A presentation of this offer has been posted on Casino’s website ().

3F Holding decided not to submit a revised offer.

The Group recalls the criteria for assessing the proposals which were made available to the public:

• Business continuity and long-term viability of the Group;
  • Integrity of the French perimeter and Group’s core business;
  • Safeguarding employment within the Group and its stakeholders;
  • Speed and certainty of execution of the restructuring scheme;
  • Compatibility of the capital structure with cash flow generation to ensure the execution of Group’s business plan and the repayment of restructured financial debts;
  • Unconditional nature of the new money equity commitments; and
  • The level of liquidity available to the Group following completion of the restructuring, which will reflect the financial robustness of the restructuring plan.
    
    
    
    
    
    

Based on these criteria, the Board of Directors, on the unanimous recommendation of its ad hoc committee comprising nearly all the independent directors, decided to continue negotiations with EP Global Commerce a.s., Fimalac and Attestor as well as the Group's creditors to reach an agreement in principle on the restructuring of the Group's financial debt by the end of July 2023.

Listing of the Casino shares and other listed securities issued by the Company, suspended today, will resume on 18 July 2023 at the opening of the market.

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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. Likewise, it does not provide and should not be treated as providing investment advice. It has no connection with the specific investment objectives, financial situation or needs of any receiver. No representation or warranty, either express or implied, is provided in relation to the accuracy, completeness or reliability of the information contained herein. Recipients should not consider it as a substitute for the exercise of their own judgement. All the opinions expressed herein are subject to change without notice.

ANALYSTS AND INVESTORS CONTACTS

Christopher WELTON – Phone number: +33 (0)1 53 65 64 17



or

+33 (0)1 53 65 24 17

PRESS CONTACTS

Casino Group – Communications Director

Stéphanie Abadie - - +33 (0)6 26 27 37 05

or

+33(0)1 53 65 24 78 -

Agence IMAGE 7

Karine Allouis – Phone number: +33(0)1 53 70 74 84 -



Laurent Poinsot – Phone number: + 33(0)6 80 11 73 52 -

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