Investor Presentation May 2017

CHINA: INTEGRATION OF SUPPLY CHAIN SUPPORTING MULTIFORMAT ROLL-OUT (2/2) INTEGRATION AND OPTIMIZATION OF LOGISTICS BEIJING/TIANJIN DC 40 stores December 2015 SHENYANG DC 30 stores July 2016 WUHAN DC 35 stores October 2015 CHENGDU DC 42 stores May 2015 KUNSHAN DC 60 stores July 2014 GUANGZHOU DC 31 stores May 2016 % of goods supplied by our distribution centers: 2017 target: 80% Increase in assortment: +20% in small- and mid-sized cities starting in 2016 Development of convenience and E-commerce formats INVESTOR PRESENTATION May 2017 | 34

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