The proposal is focused on facilitating a more efficient structure, concentrating its float on the Colombian market, which is its natural market, to increase the liquidity of its shares and maximize the return to all its shareholders.

The board of directors of Colombian Almacenes Éxito approved this Friday the start of the process of delisting its US stock certificates from the US stock market, each equivalent to eight common shares of the company.

In addition, the Board has agreed to deregister the Company's securities under the United States Securities Exchange Act, after taking into account a number of considerations, including the Company's current low free float (13.2%), which is distributed between Colombia with 1.6%, the United States with 1.6% and Brazil with 10%, which represents an opportunity for the Company to look towards a more efficient structure for all stakeholders.

The Company's decision to embark on a process of delisting and deregistration of its securities is not motivated by costs or concerns about compliance with the requirements and regulations required to maintain a listing on the New York Stock Exchange or on the other stock exchanges where it has a presence.

The proposal is focused on facilitating a more efficient structure, concentrating its float on the Colombian market, which is its natural market, to increase the liquidity of its shares and maximize the return to all its shareholders.

The Company intends to file a Form 25 with the U.S. Securities and Exchange Commission (the SEC) on December 30, 2024 to delist its certificates from the New York Stock Exchange.

The withdrawal is expected to come into effect ten days later.

Thus, the last trading day on the New York Stock Exchange would be on or after January 9, 2025.

From that date, Almacenes Éxito certificates will no longer be listed or traded on the New York Stock Exchange.