ANALYST CONSENSUS

The consensus for Danone's Q4 2022, FY 2022 and FY 2023 can be found here.

The consensus collection was compiled between January 17^th and January 25^th, 2023, based on the inputs received from the 18 analysts who answered the consensus request.

Publication of the consensus does not imply endorsement of these estimates by Danone.

The consensus was released on January 27^th, 2023.