PR Newswire/Les Echos/

Bayonne, March 18th , 2010

2009 FULL-YEAR EARNINGS

                              (In thousand euros)            2009       2008
                        Sales (excl. VAT)                 515,198    516,311
GUYENNE ET              Income from ordinary operations     6,806      3,316
GASCOGNE                Share of Sogara income             12,278     13,487
Consolidated financial  Share of Centros Comerciales        8,657     15,362
statements              Carrefour income
                        Net income (Group share)           25,012     31,775
                        Sales (excl. VAT)                 515,198    516,311
Guyenne et Gascogne     EBIT                                6,110      2,643
parent company          Sogara dividend                    27,219     91,381(1)
                        Net income                         29,775     94,741
                        Sales (excl. VAT)               1,420,042  1,502,895
Sogara                  Income from ordinary operations    38,578     51,075
                        Net income                         24,556     26,974
                        Sales (excl. VAT)               8,969,987  9,711,213
Centros Comerciales     Income from ordinary operations   444,326    540,156
Carrefour (Spain)       Net income                        210,328    373,225

(1) In March 2008, Guyenne et Gascogne received a higher dividend from Sogara,
factoring in the Spanish subsidiary's exceptional payout in December 2007.

The parent company's accounts are presented under French GAAP, while the
accounts for Sogara and Centros Comerciales Carrefour are presented under IFRS.
The Sogara and Centros Comerciales Carrefour subsidiaries are consolidated on an
equity basis for 50% and 4.1% respectively.

As recommended by the French securities regulator (AMF), it is necessary to
indicate that the accounts for 2009 were approved by the supervisory board on
March 17th, 2010 and, in line with standard practices, the audit procedures are
underway.

Thanks to its sound finances and the appeal of its brands, the Guyenne et
Gascogne Group showed resilience over 2009 in a particularly sluggish
environment, especially in Spain.
 - The parent company is confirming its turnaround, with significant
   improvements in its performances, benefiting in particular from Carrefour
   Market's success.
 - Sogara, despite the recurring issues for the non-food sector, is limiting
   the drop in its earnings, safeguarding its competitiveness and price image.
 - The Spanish subsidiary, set against the backdrop of a major economic
   crisis, is streamlining its structures and further strengthening its dynamic
   commercial development, while maintaining a considerable level of
   profitability.

The Guyenne et Gascogne Group has rapidly adapted to the difficult environment,
enabling it to be confident about its ability to overcome the crisis and resume
its growth. As a result, and in line with the traditional shareholder-friendly
compensation policy, a proposal will be submitted at the general meeting on May
20th, 2010 for a dividend of 3.80 euros per share.

First-quarter sales to be released on April 19th, 2010

   The Guyenne et Gascogne Group's financial information is available on the
                               company's website at:
                            www.guyenneetgascogne.com 

Press contact: Calyptus - Marie-Anne Garigue 
Tel: +33 1 53 65 68 63 - Fax: +33 1 53 65 68 60 
marie-anne.garigue@calyptus.net	

Guyenne et Gascogne contact: Marc Léguillette
Tel: +33 5 59 44 55 00 - Fax: +33 5 59 44 55 77
marc.leguillette@guyenneetgascogne.fr 

ISIN: FR0000120289
                      
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