Press release

IFIL - IFIL and Auchan close the sale of Rinascente’s textile activitiesMay 06, 2005

Following the approval by the European antitrust authority, the deal signed
on March 13, 2005 has been closed.
The 99,09% share of Rinascente S.p.A’s capital stock owned by Eurofind
Textile S.A. – a Luxemburg company controlled by Auchan and IFIL – has
been sold to Tamerice Srl, for a purchase price equal to € 888 mln, as previously announced.

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