Saint Etienne, 25 July 2008 - Casino acquired yesterday 5.6 million voting shares representing 2.4% of CBD's share capital at a price of BR$ 22.9 per share.
This acquisition results from the exercise by Casino of the call option granted by the Diniz family in June 2005 which was reaching maturity. This transaction, representing a total cash consideration of € 51.5 million, enables Casino to increase its stake in the share capital of CBD to 35.3%.
This acquisition does not modify the co-control of CBD exercised by Casino and the Diniz Family.