Colruyt : obtains approval of the Belgian Competition Authorities to join Belgian fashion retailer ZEB.

PRESS RELEASE- Halle (Belgium), 22 August 2014 - Occasional information

On 21 June 2014, Colruyt Group signed an agreement to acquire an interest in the

Belgian fashion retailer ZEB. The Belgian Competition Authorities authorised on 14

August 2014 the execution of this agreement.

Following this authorisation, ZEB management and Colruyt Group completed the first step in their transaction on 22 August 2014. Hence, Colruyt Group acquires a 40% interest with a call option to increase its stake to 50% before the end of 2014. Colruyt Group and the management also agreed on put and call options that provide Colruyt Group with the possibility to gain control over ZEB over a ten year period.

Colruyt Group's entry into ZEB fits with the group's ambition to respond to the consumer's need in the different stages of his life cycle through adapted store concepts.

For journalists: Chris Tournicourt / Nathalie Roisin via 02/363 55 45.

For financial journalists and analysts: Marc Hofman, CFO Colruyt Group, or Liesbeth

Nuelant, Investor Relations, via 02/363 55 45 or via investor@colruytgroup.com.

ZEB is the leading multi-brand fashion retailer in Belgium. Today, the group operates 47 stores and an e-shop. ZEB sells more than 40 brands such as Diesel, Jack&Jones, Mango, Vero Moda, Only, Hilfiger, etc. Customers can find in the stores a broad range at attractive prices. The ZEB stores are characterised by their modern and special loft style, which makes every visit particularly enjoyable. ZEB's customer-oriented and cross-channel approach puts the customer in the centre of its activity.
The group employs about 380 employees, and realises a revenue of more than EUR 60 million and a net profit of about EUR 2 million. In recent years, ZEB realised an annual revenue increase of 20%. ZEB intends to expand to 70 stores in the foreseeable future.

Colruyt Group operates in the food and non-food distribution sector in Belgium, France and Luxembourg with about 470 own stores and over 500 affiliated stores. In Belgium this includes Colruyt, OKay, Bio-Planet, Dreamland, Dreambaby and the affiliated stores Spar and Eurospar. In France, in addition to approximately 70 Colruyt stores, there are also affiliated, independent Coccinelle, CocciMarket and Panier Sympa stores. The group is also actively involved in the foodservice market (supplying food products to hospitals, company canteen kitchens, catering businesses) in France (Pro à Pro) and in Belgium (Solucious). The other activities include the sale of fuels (DATS 24), digital print and document management solutions (Symeta) and the production of green energy. The group employs over 27.000 employees and recorded EUR 8,7 billion revenue in 2013/14. Colruyt is listed on NYSE Euronext Brussels (COLR) under ISIN code BE0974256852.

distributed by