Analyst recommendations

Information correct as at 10 December 2019

¹ ‘Buy’ includes broker recommendations of ‘Buy’, ‘Overweight’, ‘Add’, ‘Outperform’ and ‘Market Perform’

² ‘Hold’ includes broker recommendations of ‘Hold’, ‘Neutral’, ‘Equal-weight’ and ‘Sector Perform’

³ ‘Sell' includes broker recommendations of ‘Sell’, ‘Underweight’ and ‘Underperform’

Any opinions, recommendations, estimates or forecasts regarding Kingfisher’s performance by the analysts above are theirs alone and do not represent opinions, forecasts or predictions of Kingfisher or its management. These opinions, recommendations, estimates or forecasts are not endorsed by Kingfisher or its management, nor does Kingfisher assume any obligation to update or revise them after the date above. Kingfisher reserves the right, from time to time, with or without notice, to exclude one or more analysts’ forecasts on the basis that Kingfisher believes them to be unrepresentative and/or out of date.