THE SMART CHOICE FOR LIVING WELL Press Release January 2015 1,001st Leader Price opens its store and launches a new local convenience banner, Leader Price Express True to its mission to give everyone access to high quality at the lowest prices, Leader Price is currently the most affordable food banner in France*. The banner has assertively expanded its store network, boasting a total of 1,001 sales outlets in France as of 31 December 2014. Leader Price is France’s first discount banner to offer drive-through service, now available at over 100 stores. To enhance its relationship with customers and meet their emerging needs, Leader Price has launched a new concept in France designed to satisfy demand for local convenience, discounts and low prices: Leader Price Express. Nearly 62% of today’s consumers shop at convenience stores and 71% appreciate their accessibility, people-scale format and extended opening hours. Based on this observation, last July Leader Price launched the pilot phase of Leader Price Express, a new banner with a unique offering and positioning. Leader Price Express has enhanced the existing Leader Price store network and strengthened its presence in local retail. The new convenience banner shares Leader Price's values: - Year-round low prices - High-quality products and a fast shopping experience - Stores with surface areas ranging from 75 to 300 square meters A simple, modern, elegant concept suited to the needs of urban shoppers - A broad, varied offering ranging from 1,180 products at small outlets to 2,900 at 300-sq.m stores - Assortments in which over 80% of items are Leader Price private-label products. Following the successful pilot launch, Leader Price has stepped up the development of Leader Price Express, which had 240 outlets in France as of year-end 2014. 1/2 *According to independent panel experts. LE CHOIX MALIN POUR VIVRE BIEN Communication Leader Price : Etienne Monségur – 06 07 81 40 38 –emonsegur@lafi-hd.fr 2/2 Leader Price, a banner committed to quality Leader Price has built a powerful image of quality and choice in the discount market since it was created in 1990. Underpinned by a focus on everyday low prices on all products, Leader Price provides a carefully selected range of high-quality items that are perfectly suited to the needs of customers, while also offering an efficient, enjoyable shopping experience. The banner has a line-up of over 3,500 items, of which 80% are Leader Price-label products, 10% Le Prix Gagnant products and 10% national brand products. All share a commitment to health, taste, products grown or made in France, safety and traceability. The banner’s partnership with French food critic and television personality Jean-Pierre Coffe demonstrates that quality is a question of choice. Mr. Coffe participates actively in the development and validation of core Leader Pricelabel products and other specific labels (regional, organic, special occasion and Italian). This partnership has developed through an in-depth process to lift Leader Price products to ever-higher levels of quality and taste. LE CHOIX MALIN POUR VIVRE BIEN Communication Leader Price : Etienne Monségur – 06 07 81 40 38 –emonsegur@lafi-hd.fr