Book size: 1500; Registration: Reg S Only; Comments: EUR500m 9.75yr cpn fxd 3.875% at 99.273, yld 3.968%. Spread: MS+ 128bps. DBR 2.6 08/15/35 +132 bps / 99.590 / HR 96%. MWC: B+20. Clean-Up Call: 75%. Par Call:3m. LEI: 549300B8P6MUJ1YWTS08;

Reoffer: 9.75yr: MS+128bp / 99.273 / 3.968% Benchmark: 9.75yr: DBR 2.6 15-Aug-35 +132bp / 99.590 / HR 96% Final Books: >€1.5bn Launched: 9.75yr: €500m @ MS+128bp - Books closed €2.8bn (pre-rec, good at guidance) Guidance: 9.75yr: MS+135bp area - Books north of €2.9bn IPTs: 9.75yr: MS+165bp area Issuer: Carrefour S.A. Ticker: CAFP Country: FR Issuer LEI Code: 549300B8P6MUJ1YWTS08 Issuer Rating: BBB (stable) (S&P) Expected Issue Rating: BBB (S&P) Format: Reg S (Cat2) Bearer Dematerialised Form Size: €500m Ranking: Senior Unsecured Coupon: 3.875% Fixed (Annual, Act/Act, ICMA), Short first coupon (December 2026) Reoffer: MS+128bp / 99.273 / 3.968% Benchmark: DBR 2.6 15-Aug-35 +132bp / 99.590 / HR 96% Settlement Date: 05-Mar-26 (T+5) Maturity Date: 05-Dec-35 (9.75 years) Documentation: EMTN / French Law / MWC (B+20) / No Change of Control / Clean-Up Call 75% / 3m Par Call / €100k+100k Listing: Euronext Paris Global Coordinators: BNP Paribas (B&D), BofA Securities, Crédit Agricole CIB, Société Générale Use of Proceeds: General Corporate Purposes, including the refinancing of existing debt Sustainability Performance Targets (SPTs): SPT for Group Greenhouse Gas (GHG) emissions reduction (scope 1 and 2, in tCO2eq.) (KPI 1): 50% reduction by 31 December 2030 compared to 2019 levels SPT for Number of suppliers committed to a climate strategy (scope 3) (KPI 2.b): Reach 150 suppliers committed to a climate strategy by 2030 Step Up Mechanism: +25bp from the next coupon payment date, i.e. 05-Dec-31, up to the Maturity Date if one or two of the SPTs is not met (i.e. 5 coupons potentially impacted) Target Observation Date: 31-Dec-30 (KPI 1 & 2.b) SLB Framework & SPO: Available on the website of the issuer: https://www.carrefour.com/en/finance/debt-and-rating Second Party Opinion: S&P Global Clearing System: Euroclear France ISIN: FR0014016QK5 Target Market: MiFID II and UK MiFIR professionals & ECPs-only. Manufacturer target market (MiFID II product governance and UK MiFIR product governance rules) is eligible counterparties and professional clients only (all distribution channels). No PRIIPs or UK PRIIPs key information document ("KID") has been prepared as the Notes are not available to retail in EEA or the United Kingdom. Selling Restrictions: As documented in the EMTN Programme Advertisement: The issuer's Base Prospectus and any supplements will be available at www.amf-france.org and/or on the website of the issuer https://www.carrefour.com/en/finance/debt-and-rating and the Final Terms when published will be available on the Euronext Paris Stock Exchange at www.amf-france.org TOE: 15.20 UKT / 16.20 CET FTT: 15.45 UKT / 16.45 CET

General Corporate Purposes, including the refinancing of existing debt