NOTICE OF MATERIAL FACT

São Paulo, January 26^th, 2017 – Companhia Brasileira de Distribuição (“CBD” or “Company”), pursuant to Law no. 6404/76 and CVM Rule 358/02, in addition to the Notices of Material Fact released on February 18th, March 7th and July 26th, 2016, hereby informs its shareholders and the market that it was informed, through the CVM Notice No. 15/2017/CVM/SEP/GEA-5 received yesterday, that the Board of Commissioners of the Brazilian Securities and Exchange Commission (CVM) issued its decision accepting the appeal presented by the Company against the decision of CVM’s Office of Public Company Supervision (SEP) which determined the restatement of the Company’s financial statements and DFP (year-end information) and ITR (quarterly information) forms for the fiscal years of 2013 and onwards. The CVM also informed that the Office of Public Company Supervision (SEP) will file a request for reconsideration of the decision of the Board of Commissioners, pursuant to paragraph IX of the CVM Resolution nº 463/03. The Company will keep its shareholders and the market duly informed on this subject.

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