DISCLAIMER

The offer of Casino Guichard-Perrachon S.A. on Cnova N.V. shares is distributed exclusively in France. Documents relating to the offer (including the draft tender offer document and the draft response document) are not to be distributed in any country other than France and not to be made available to residents of any country unless they have verified that the law of their country authorizes them to do so without any further formality or disclosure by either Casino Guichard-Perrachon S.A. or Cnova N.V.. Casino Guichard-Perrachon S.A. or Cnova N.V does not assume any responsibility for any violation by any person of any applicable legal restrictions.

Accordingly, for the reasons mentioned above, we have to limit access to information and documents contained in the web pages that follow to the sole shareholders residing in France or, under the responsibility of the viewer, in countries where viewers are authorized to access this information and documents without any further formality or disclosure by either Casino Guichard-Perrachon S.A. or Cnova N.V..

I hereby confirm that I reside in France or that I have verified that applicable law authorizes me to have access to information and documents relating to the Offer without any further formality or disclosure by Casino Guichard-Perrachon S.A. or Cnova N.V., and that I am not a resident of the United States of America.