Casino Guichard-Perrachon (CO) Corporate presentation summary

Negotiation process and timeline

• Discussions initiated with Quatrim bondholders to adapt and strengthen the financial structure.

• Initial proposals exchanged between the company and the Ad Hoc Group (AHG) in late July 2026.

• Counter-proposals submitted by both parties on August 6 and 7, 2026.

Key terms of the company's August 6, 2026 proposal

• Proposes a 12-month extension of Quatrim bond maturity to January 2029, with no Day 1 repayment.

• Maintains 8.5% PIYC coupon, adjustable by 100 bps based on asset sale proceeds.

• Offers 25 bps cash commission to AHG and consenting bondholders.

• Reduces minimum liquidity threshold from €40M to €15M; Monoprix to support liquidity if needed.

• Management incentive package and TSA terms to be agreed.

Key terms of the AHG's August 7, 2026 proposal

• Offers two options: 12-month or 6-month maturity extension, with partial Day 1 repayment (€10M or €5M).

• Retains 8.5% PIYC coupon, with same adjustment mechanism as company proposal.

• Proposes higher cash commissions (50 bps) and higher conditional extension commissions (up to 300 bps PIK).

• Reduces minimum liquidity to €15M, with Monoprix support if breached.

• Management incentive package and TSA extension to be finalized.