Material Fact

São Paulo, Brazil, July 4, 2011. Companhia Brasileira de Distribuição (“CBD”), in compliance with the provisions set forth in Paragraph 4 of Article 157 of Law No. 6.404/76 and CVM Ruling No. 358/02, hereby discloses the correspondence received today from Casino Guichard-Perrachon regarding the request for Second Arbitration.

Until the present moment, CBD has not received any summons or copy of the application of the arbitration procedure referred to by Casino, and has no knowledge of the content of such procedure.

CBD will keep its shareholders and the market informed on any relevant developments regarding such matter.

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