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Barclays Capital

Start of Coverage: 23-10-2009

Resume of the last report made by this analyst

Equalweight rating and €13.70 price target maintained: We lower our EPS forecasts by c-2% after factoring in the latest FX fluctuations.

Analyst: Nicolas Champ

e-mailnicolas.champ@barclays.com

The information presented refers to recommendations issued by analysts that follow the Jerónimo Martins’ share. For more information, please read the Analysts Coverage section in this website’s Terms and Conditions.