Companhia Brasileira de Distribuicao : Notice to Shareholders

São Paulo, December 1, 2017 - We hereby inform Messrs. shareholders of Companhia Brasileira de Distribuição ('CBD' or 'Company') that the Board of Directors resolved, on this date, to approve, ad referendum of the General Ordinary Shareholders´ Meeting that will appreciate the financial statements of the fiscal year ended on December 31st, 2017, the payment of interests on equity (juros sobre o capital próprio) referred to the period between January 1st, 2017 and June 30th, 2017, over net equity of the Company, to be attributed to the minimum mandatory dividend of the fiscal year of 2017 in the gross amount of R$ 81,029,411.76 (eighty one millions, twenty nine thousand, four hundred and eleven Reais and seventy six cents), corresponding to R$ 0.28658308716 for each common share and R$ 0.31524139588 for each preferred share ('JCP'), deducted the amount related to withhold taxes ('IRRF' - 'Imposto de Renda Retido na Fonte'), pursuant to the Law, with the exception of the shareholders who are immune and/or exempt. The shareholders duly immune or exempt from IRRF shall submit to the Company the documents evidencing their exception until December 11th, 2017, to the attention of the Investors Relation area, as follows:

Companhia Brasileira de Distribuição
Att. Investors Relation management area
Av. Brigadeiro Luís Antônio, 3142
Jardim Paulista - CEP 01402-901
São Paulo/SP

The mentioned payment to the shares traded on B3 S.A. - Brasil, Bolsa, Balcão, as well as other shares registered with Itaú Corretora de Valores S.A., shall occur on December 15th, 2017, according to the base date of December 6th, 2017 (including such date). The shares issued by the Company shall be traded ex-interest as from December 7th, 2017.

Regarding the American Depositary Receipts representing the Company's preferred shares ('ADR') traded on the New York Stock Exchange - NYSE, the owners of ADRs will be entitled to the JCP on the base date of December 11th, 2017 (including such date). The payment to the ADR owners shall be done by JPMorgan Chase Bank, N.A., the depositary bank of the ADRs.

Based on the results reported up to the end of the 3Q2017 and the perspectives for the 4Q2017, the Board of Directors of the Company resolved to resume the practice of prepayment of dividends, performing the payment in the form of JCP in 2017. Therefore, the shareholders will receive the net value of 25% of the distributable profit of the first semester of 2017.

To access the Notice to the Market in PDF format, click here.