Summer¶s last month reversed the negative trend of the previous two months. Such a development is supportive for Jumbo Group management to maintain its recent estimates for the year.

• Overall for the Jumbo Group, August 2024 sales increased by c. +8% y-o-y.
•  For the 8-month period, January to August, the group's sales have increased by c. +7% y-o-y.

The transit of goods through the Suez Canal has yet to normalize and the major irregularities in the supply chain are still un-resolved. Therefore, for the full year, management's estimates stands; sales growth in 2024 to up by +4%, and profitability flirting with 2023 levels.

• Jumbo¶s strategy remains the same; to continue its investment program, to respect the consumer and reward shareholders – partners.

In this context, the management of the Jumbo Group will convene an Extraordinary General Meeting on 26 September to propose the approval of a two-year share buy-back program of up to 10% of the share capital. Any shares acquired will be cancelled.

• A minimum purchase price of EUR 1 per share and a maximum purchase price of EUR 27,20 per share will be proposed.

Management believes that, at the current share price, the share buy-back program rewards existing shareholders for their confidence in the company by giving them the opportunity, to invest indirectly by increasing their shareholding.

Sales performance by country:

Greece:

In August 2024, the net sales of the parent company - excluding intragroup sales – increased by c. 7% y-o-y.

Overall, for the eight months of 2024 the net sales of the parent company - excluding intragroup sales – increased by c. 7% y-o-y.

Cyprus

The network's sales increased by c. 3% y-o-y in August 2024. Overall, for the eight months of 2024 the network's sales increased by c. 1% y-o-y.

Bulgaria

The network's sales increased by c. 9% y-o-y in August 2024. Overall, for the eight months of 2024 the network's sales increased by c. 9% y-o-y.

Romania

The network's sales (including the on-line store www.e-jumbo.ro) increased by c. 11% y-o-y in August 2024. Overall, for the eight months of 2024 the network's sales increased by c. 12% y-o-y.