Material Fact

São Paulo, April 17th, 2013 – Companhia Brasileira de Distribuição (“CBD”) and Via Varejo S.A. (“Viavarejo”), in accordance with paragraph 4 of article 157 of Law no. 6,404/1976, and CVM Instruction no. 358/2002, hereby announce to its shareholders and the market that, on this date, they entered into a Settlement (Termo de Compromisso de Desempenho – “TCD”) with the Administrative Council for Economic Defense (“CADE”) for the approval of the Association Agreement between CBD and Casa Bahia Comercial Ltda. (“CB”) entered into on December 4, 2009, and modified on July 1, 2010.

By entering this settlement, CBD, CB and Viavarejo have as their main obligation to divest 74 stores, located in 54 municipalities, distributed over six states and in the Federal District, representing approximately 3% of Viavarejo’s consolidated gross sales in 2012. CBD, CB and Viavarejo reaffirm their commitment to continue cooperating with CADE until full compliance with all obligations assumed on this date.

The approval of the association puts an end to the obligations assumed by CBD, CB and Viavarejo due to the Provisional Agreement (Acordo de Preservação de Reversibilidade da Operação – APRO) entered into with CADE on February 3, 2010, allowing Viavarejo to capture all the synergies deriving from the association.

CBD and Viavarejo will keep their shareholders and the market regarding any relevant development in connection to the TCD.

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