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The announcement distributed by directnews. The issuer is solely responsible for the content of this announcement. direct/Carrefour SA: Carrefour SA Announces 2004 Q4 Sales In 2004, our full year sales ex-currency increased 4.2% (+3.2% inc. currency) FY sales ex-France were up 8.3% In Q4, sales ex-currency increased 3.9% We continue to make progress in addressing our five key priorities for the group - Full year group sales at Carrefour including VAT, but ex-currency, rose 4.2%. On current exchange rates, sales rose 3.2% to 81.392 bn euros. - In France, we continued to strengthen our pricing position. Today almost all of our hypermarkets are either number one or number two on price in their local catchment area. As expected, our decision to accelerate our investments in price in Q4 in order to achieve price leadership as quickly as possible meant that deflationary pressures increased and the value of the average basket remained negative. However, the trend in customer transactions improved significantly, trending close to flat over the quarter versus -2.6% over the first nine months. Overall, French hypermarket like for like sales inc-petrol were slightly down at- 0.1% versus -3.6% over the first nine months. - Outside France, sales growth remained robust despite further aggressive investment in price and a challenging base for comparison. The success of our commercial strategy, based on continual and substantial price roll backs, can again be seen across all our zones in particular in the performance of Spanish hypermarkets, Greece, Portugal, Brazil, Argentina, Korea, Thailand, Indonesia and hard discount. To view the full version of this press release, paste the following link into your web browser: http://www.carrefour.com/docs/ca4t2004en.pdf Kontaktinformationen: Investor relations: David Shriver Etienne Humbert Tel : (33) 01 53 70 19 00 Shareholders information: Véronique Kretz N vert : 0805 902 902 Press relations: Christian Doléon Tel : (33) 01 40 70 11 89
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