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10 February 2016

Statement of Alain Caparros

Alain Caparros, the CEO of REWE Group, released the following statement regarding the decision taken by Germany's Minister of economic affairs regarding the merger of Kaiser’s Tengelmann with Edeka in a ministry approval process:

“This is a bad decision for the employees of Kaiser’s Tengelmann as well as for all consumers, small and medium-sized suppliers, farmers, and fair, healthy competition in the entire German food retail sector. In approving the takeover of Kaiser’s Tengelmann by Edeka, the German Minister of economic affairs ignored the anti-trust concerns expressed by the German Cartel Office. He also disregarded the serious concerns raised by the German Monopoly Commission. And German Minister Gabriel completely discounted all specific alternatives and better solutions for the future of the employees at Kaiser’s Tengelmann and for fair competition in the German food retail sector. We have repeatedly stated that we will use every legal means at our disposal to protect the interests of REWE Group in this merger process. For this reason, we will challenge the Minister's decision in the Higher Regional Court in Düsseldorf (Oberlandesgericht Düsseldorf).” The cooperative REWE Group is a leading trade and tourism group in Germany and Europe. In 2014, the company generated total external revenue of more than 51 billion euros. REWE Group, a company that was established in 1927, employs 330,000 people and operates 15,000 stores in 12 European countries. In Germany, the company's approximately 228,000 employees generated revenue of 37 billion euros in about 10,000 stores during 2014. Its sales lines comprise the supermarkets and consumer stores operated by the brands REWE, REWE CENTER, REWE CITY and BILLA and the discounter PENNY as well as the DIY stores of toom Baumarkt and B1 Discount Baumarkt. The company also operates organic supermarkets (TEMMA), innovative convenience stores (REWE To Go), the gastronomic concept “Oh Angie!” and e-commerce activities (REWE online with pickup and delivery service). The umbrella brand DER Touristik comprises the tour operators ITS, Jahn Reisen and Travelix as well as Dertour, Meier's Weltreisen and ADAC Reisen along with the business travel unit FCm Travel Solutions and more than 2,100 travel agencies (including DER Reisebüro, DERPART), the hotel chains lti hotels, Club Calimera and PrimaSol Hotels as well as the direct operator