Almacenes Éxito S A : Grupo Éxito NDRs_apr 2023_eng

Confidential

Disclaimer

The following material is a Presentation of general background information about Almacenes Éxito S.A. (the "Company"). The information contained herein is a summary and does not pretend to be complete information about the Company.

This Presentation has been pr epared solely for informational purposes and is not to be construed as a recommendation for investors. It has not been approved by any regulatory authority and does not constitute or form part of any offer, solicitation or invitation in any form for the subscription or acquisition of shares or any other securities, and neither this Presentation nor any information or statement contained herein shall formthe basis of or be relied upon in connection with any contract or commitment whatsoever.

This Presentation is for your information only. Certain information contained herein has been obtained from various external data sources and such information has not been independently verified and is subject to change.

The information included in this Presentation is subject to updating, completion, revision and amendment and such information may change materially. No person is under any obligation to update or keep current the information contained in the Presentation and any opinions expressed in relation thereto aresubject to change without notice.

Statements contained in this Presentation relating to the business outlook of the Company, projections of operating/financial results, growth prospects of the Company and market and macroeconomic estimates are mer ely forecasts and are based on the beliefs, plans and expectations of Management in relation to the Company's future. These expectations are highly dependent on changes in the market, Colombia, Uruguay and Argentina's general economic performance, the industry and international markets, and hence are subject to change.

This Presentation contains forward-looking statements. The words "may", "will", "would", "should", "believes", "anticipates", "wishes", "expects", "estimates", "intends", "for ecasts", "plans", "pr edicts", "projects", "targets" and similar words and expressions (or their negatives) are intended to identify these forward-looking statements. Forward-looking statements may contemplate future predictions that are merely estimates and not guarantees of future performance. Any projection, forecast, estimate or other forward-looking statement in this Presentation only illustrates hypothetical performance under specified assumptions of events or conditions and arenotreliableindicators of future results or performance.

All figures areexpressed in millions (M) or billion (B) of Colombian Pesos (COP) unless otherwisestated and expressed in long scale(COP B represent 1,000,000,000,000).

2

Section 1

Transaction Overview

Confidential