Casino - Restructuring?

All,

Find our unchanged analysis here.

We are reviewing our position in light of the Casino's Other Offer Disclosure Request by DF King in relation to the 4.498% 2024 bonds, 3.58% 2025 Bonds, the Secured “Quantrim” 5.875% 2024 bonds and the 3.992% Perpetual Bonds in Casino Group. Bondholders are being asked to identify themselves.

We are playing through differing scenarios, that would permit Casino to avoid a Sauvegarde process.

Tomás

E: tmannion@sarria.co.uk
T: +44 20 3744 7009
www.sarria.co.uk