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This consensus has been collated from estimates submitted by analysts to Delhaize Group, during the period from March 23 to April 6, 2016, using a standard template. The figures above are provided by Delhaize Group for information purposes only. The research material from which the figures are drawn is the sole responsibility of the analysts concerned. Delhaize Group does not endorse the research in any way and accepts no liability in respect of it. In particular, Delhaize Group makes no warranty or representation as to the accuracy of the research, the reasonableness of any assumptions or projections or the likelihood of achieving the figures set out above. Delhaize Group has not commented on or verified any individual estimates, nor does it intend to do so in the future. Delhaize Group shall not be liable for any errors in the content of the research material, or for any action taken in reliance thereon, or on the figures above. The inclusion of any information above does not imply any endorsement of, or concurrence with, the same on the part of Delhaize Group. It should be noted that estimates are, by definition, forward looking and are therefore subject to risks and uncertainties which are subject to change at any time and which may materially affect eventual results. Delhaize Group assumes no obligation to update or revise the figures presented above. The information set out above does not constitute an invitation or solicitation of an offer to subscribe for or purchase any securities and shall not form the basis for any contract or commitment whatsoever. Nothing contained herein should be taken as a recommendation to buy or sell shares in Delhaize Group or to take or refrain from taking any other action or to place any reliance on any of the information set out above.

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