direct/ Carrefour SA: Third Quarter 2007 sales

Group sales + 5.5% on constant exchange rates, +5.8% on current exchange rates

· Progressively less deflation in France in a very competitive market

- Carrefour hypermarkets continued to grow market share in the Quarter thanks to our consistent and determined pricing strategy
- Food price deflation eased progressively over the period as a result of raw material price increases which have been passed on by suppliers
- Overall, sales growth was impacted by a strong negative calendar impact in the period (-2%), the impact of a poor summer on apparel and other seasonal items, and our decision to stop selling petrol at a loss to our franchisees (-1.2%)

· Growth in Europe driven by robust performance in Spain

- Like for likes in Spanish hypermarkets were driven by strong performance in food and consumer electronics
- Our multi format, single brand, strategy in Spain, delivered close to double digit like for like sales in supermarkets, annualising double digit growth in 2006
- Major efforts are underway to remedy weak sales trends in Belgium and Italy

· Continued strong trends in Growth markets*

- Growth markets grew sales overall by around 30%
- We have successfully integrated new acquisitions in Brazil and Poland

· Further acceleration of new m2 to turn the virtuous circle faster

- 12% more new space opened in Q3 2007 than in Q3 2006, of which 80% were opened in Growth markets
- Tactical acquisitions accounted for 3% to the total growth

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