Ivry, September 11, 2017

Information regarding the store disposal process initiated in relation to the Darty acquisition

The French Competition Authority issued on September 11, 2017 a notice regarding the conditions for fulfilling the commitments given under the terms of Decision 16-DCC-11 of 27 July 2016 in relation to Fnac's exclusive takeover of Darty.

Fnac Darty was required to dispose of six stores before July 31, 2017. To date, three stores have been sold to buyers approved by the French Competition Authority.

In the case of two of the three stores that have not yet been sold, Fnac Darty has submitted a buyer, in accordance with its commitments, to the French Competition Authority, who did not approve it. As far as the third store is concerned, Fnac Darty asked for an extension of the delay granted to fulfil its commitments, which the Authority refused. In this context, the Board of the French Competition Authority decided to start proceedings to verify the conditions under which the Group is honouring its commitments. This decision will not affect its final assessment in the matter. Fnac Darty is exploring several options in order to rapidly reach a solution.

CONTACTS

ANALYSTS / INVESTORS

Stéphanie Constand

stephanie.constand@fnacdarty.com

+33 (0)1 55 21 18 63

PRESS

Alexandre André

alexandre.andre@fnacdarty.com

+33 (0)1 55 21 54 46

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About Fnac Darty

Operating in ten countries, Fnac Darty is a European leader in the retail of entertainment and leisure products, consumer electronics and household appliances. At the end of June 2017, the group had a multi-format network of 689 stores, including 473 in France, and is ranked France's second most visited e-commerce site (more than

13.6 million unique visitors per month) with its two retail websites: fnac.com and darty.com. A standard-setting omni-channel retailer, Fnac Darty posted pro-forma revenues of €7.4 billion in 2016.

Fnac Darty SA published this content on 11 September 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 11 September 2017 15:08:07 UTC.

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