Investor Presentation May 2017

STABLE ASSET COSTS AS A PERCENTAGE OF SALES ASSET COSTS (in €m) ASSET COSTS +2.8% 2016 2,509 at constant exch. rates 2015 2,505 (as a % of net sales, ex. petrol) Stable 2016 3.6% 2015 3.6% INVESTOR PRESENTATION May 2017 | 41

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