Rallye : Results of the global tender offer launched by Rallye on its unsecured debt

RALLYE

Results of the global tender offer launched by Rallye on its unsecured debt

Paris, February 11, 2021 - Rallye announces today the results of the global tender offer on its unsecured debt launched on January 22, 2021 (the "Tender Offer") (see Rallye's press release dated

22 January 2021) and extended until 10 February 2021 at 5:00 p.m. (Paris time), the purchase price of which has been set at 20% of the amount of the claim (see Rallye's press release dated 5 February 2021). Therefore, the discount rate applicable to the repurchased claims amounts to 80%.

Consequently and subject to the fulfillment of the conditions precedent set out below:

− Rallye will acquire a total amount of unsecured debt of approximately € 182.8m for a total repurchase price of approximately € 36.6m reducing the total amount of its unsecured debt by approximately € 146.2m; and

−

the total amount of unsecured debt purchased under the Tender Offer is allocated between the various instruments according to the breakdown set out in the Annex.

It is furthermore reminded that completion of the Tender Offer is, inter alia, subject to (i) the approval by the Paris Commercial Court of the amendment to the Rallye's safeguard plan in order to authorize the effective completion of the Tender Offer and the setting up of the financing of the Tender Offer (see Rallye's press release dated 22 January 2021) and (ii) the availability of the proceeds of the new financing.

In the coming days, Rallye will file a request with the Paris Commercial Court to amend its safeguard plan.

As an indication, it is anticipated that the settlement of the Tender Offer will occur at the beginning of April 2021.

Distribution of this document in some jurisdictions may be restricted by law. Those in possession of this document are required to obtain information themselves and to comply with all legal and regulatory restrictions

________________________________________________________________________________

Press contact:

Citigate Dewe Rogerson

Aliénor MIENS + 33 6 64 32 81 [e-mail] Annelot Huijgen [phone]

Annex

Breakdown of Rallye's unsecured debt acquired under the Tender Offer

Claims secured by shares

in subsidiaries other than

Casino

Initial Pre-Tender	Amount acquired under	Post-Tender Offer
Offer amount	the Tender Offer	amount
€ 117,388,033	€ 29,347,007	€ 88,041,026
€ 72,619,684	€ 6,259,814	€ 66,359,870
€ 498,243,036	€ 26,274,116	€ 471,968,920
€ 380,555,201	€ 23,920,613	€ 356,634,588
€ 89,995,487	€14,224,010	€75,771,477
€ 218,293,768	€ 39,074,583	€ 179,219,185
€ 5,075,180	€ 1,842,956	€ 3,232,224
€ 58,793,576	€ 10,000,000	€ 48,793,576
€ 133,166,690	-	€ 133,166,690
€ 223,551,297	€ 31,288,250	€ 192,263,047
Commercial claims	€ 1,213,092	€ 596,401	€ 616,691
TOTAL	€ 1,798,895,044	€ 182,827,750	€ 1,616,067,294
Total purchase price	€ 36,565,550

(ISIN

Debt instruments

2022

Notes

FR0012017903)

2020 EMTN Notes (ISIN CH0341440326)

2021 EMTN Notes (ISIN FR0011801596)

2023 EMTN Notes (ISIN FR0013257557)

2024 EMTN Notes (ISIN CH0398013778)

Non-Dilutive Notes 2022

(ISIN FR0013215415)

Exchangeable Notes (ISIN FR0011567908)

CommercialPapers

(ISIN FR0125661951, ISINFR0125557555,

FR0125613697,

FR0125510067,

FR0125512758,

FR0125500134,

FR0125629693)ISIN ISIN ISIN ISIN ISIN

Unsecured claimsbanking

2