1. DATE, TIME AND LOCATION: On the twelfth day of September, 2016, at 2 p.m., at the headquarters of Companhia Brasileira de Distribuição (“Company”), located in the City and State of São Paulo, at Avenida Brigadeiro Luís Antônio, 3142.

2. CALL: Call notice duly published in the Official Gazette of the State of São Paulo, in issues dated 11, 12 and 13 August 2016, on pages 23, 38 and 15, and, respectively, and in the newspaper O Estado de S. Paulo, in issues dated 11, 12 and 13 August 2016, on pages B8, B4 and B9, respectively.

3. QUORUM: Shareholders representing 94.32% of the voting capital of the Company, according to the signatures set on the respective Shareholders Attendance Book, thus demonstrated compliance with the legal quorum for the Meeting. Also present are (i) Mr. Celso Giacometti, member of the Audit Committee, and (ii) Messrs. Eduardo Tenório and Daniel Primo, representatives of Deloitte Touche Tohmatsu Auditores Independentes.

4. MEETING BOARD: President of the Meeting: Christophe José Hidalgo; and Secretary: Marcelo Acerbi de Almeida.

5. AGENDA: (i) Reading, discussion and voting of the financial statements related to the year ended on 31 December 2015, restated and republished on 30 July 2016, to reflect the accounting adjustments performed by the subsidiary Cnova N.V., as a result of the of the investigation process conducted at its subsidiary Cnova Comércio Eletrônico S.A., as informed in a material event notice disclosed on 26 July 2016 by the Company; (ii) Resolve on the management proposal for the allocation of results of the Company for the fiscal year ended 31 December 2015, based on the financial statements, which were restated and republished on 30 July 2016; (iii) resolve on the adjusted capital budget based on the restated financial statements; (iv) resolve on the rectification and ratification of the overall management compensation of the Company for 2015, 2014, 2013 and 2012; and (v) resolve on the inclusion of the activity of “sale of seeds and seedlings” in the corporate purpose of the Company.

6. SUMMARY OF RESOLUTIONS: It was resolved by all of the attending shareholders that: (i) the reading of the Call Notice and of the Management’s Proposal for this Meeting is dismissed in view of its wide dissemination; and (ii) the minutes for this Meeting to be drafted in summary form, pursuant to Article 130, § 1, of the Corporations Law. Next, the shareholders present at the Meeting approved, by unanimous votes of the attending shareholders (represented by 94,019,178 common shares), without abstention of any common shares holders:

6.1. The balance sheets and further financial statements, accompanied by the Managements’, Independent Auditors’ and Audit Committee’s Reports, concerning the fiscal year ended on 31 December 2015; which were republished in the Official Gazette of the State of São Paulo on the issue dated 30 July 2016, pages 6 to 25, and in the newspaper O Estado de S. Paulo, on the issue dated 30 July 2016, pages 1 to 12.

6.2. The Management Proposal concerning the destination of the net earnings of the fiscal year ended on 31 December 2015, and the payment of no complementary dividends to those already approved in the Extraordinary and Annual Shareholders’ Meeting of 27 April 2016.

6.3. The Company’s Capital Budgeting for the fiscal year of 2016, as per the Management Proposal, pursuant to Article 196 of the Corporations Law. Thus, it is hereby approved the partial retention of the net profit of the fiscal year of 2015, in the amount of R$ 131,853,960.10 (one hundred thirty-one million, eight hundred fifty-three thousand, nine hundred and sixty Brazilian Reais and ten cents), for purposes of its application on the Investment Plan for 2016, whereas R$ 118,668,564.09 (one hundred and eighteen million, six hundred and sixty-eight thousand, five hundred and sixty-four Brazilian Reais and nine cents) shall be allocated to the Expansion Reserve, pursuant to Article 36, § 2, of the Bylaws, and R$ 13,185,396.01 (thirteen million, one hundred eighty-five thousand, three hundred and ninety-six Brazilian Reais and one cent) as Capital Budgeting.

6.4. The re-ratification of the amounts of the global compensation defined for the fiscal years of 2015, 2014, 2013 and 2012, also approving (i) the total amount of R $ 56,107,433.00 (fifty-six million, one hundred and seven thousand, four hundred thirty three Reais) for the fiscal year of 2015 (ii) the total amount of R $ 87,118,082.00 (eighty-seven million, one hundred and eighteen thousand and eighty-two Reais) for the year social of 2014 (iii) the total amount of R $ 55,444,651.00 (fifty-five million, four hundred and forty-four thousand, six hundred fifty-one Reais) for the fiscal year of 2013, and (iv) the amount total of R $ 66,182,103.00 (sixty-six million, one hundred eighty-two thousand, one hundred and three Reais) for the fiscal year of 2012.

6.5. The amendment of Article 2 of the Company By-laws to reflect the inclusion, in the Company’s corporate purposes, of the activity of “sale of seeds and seedlings”. In view of such resolution, said Article 2 is hereby amended and will be effective with the following new wording:
“ARTICLE 2 – The corporate purpose of the Company is the sale of manufactured, semi- manufactured or raw products, both Brazilian and foreign, of any type or species, nature or quality, provided that the sale of such products is not prohibited by law.
First Paragraph – The Company may also engage in the following activities:
(a) manufacture, processing, handling, transformation, exportation, importation and representation of food or non-food products either on its own or through third parties;
(b) international trade, including that involving coffee;
(c) importation, distribution and sale of cosmetic products for hygienic or make-up purposes, toiletries, sanitary and related products and food supplements;
(d) sale of drugs and medicines, pharmaceutical and homeopathic specialties, chemical products, accessories, dental care equipment, tools and equipment for surgery, production of chemical products and pharmaceutical specialties, with the possibility that such activities of the Company are specialized as Drugstore, Allopathic Drugstore, Homeopathic Drugstore or Manipulation Drugstore of each specialty;
(e) sale of oil products, filling up of fuels of any kind, rendering of technical assistance services, garage, repair, washing, lubrication, sale of accessories and other similar services, of any vehicles;
(f) sale of products, drugs and general veterinary medicines; veterinary consultation, clinic and hospital and pet shop with bath and shearing service;
(g) rental of any recorded media;
(h) provision of photo, film and similar studio services;
(i) execution and administration of real estate transactions, purchasing, promoting subdivisions and incorporations, leasing and selling real estate properties on the Company’s own behalf as well as for third parties;
(j) acting as distributor, agent and representative of merchants and industrial concerns established in Brazil or abroad and, in such capacity, for consignors or on its own behalf acquiring, retaining, possessing and carrying out any operations and transactions in its own interests or on behalf of such consignors;
(k) provision of data processing services;
(l) building and construction services of all kinds, either on its own behalf or for third parties, purchase and sale of construction materials and installation and maintenance of air conditioning systems, cargo loaders and freight elevators;
(m) use of sanitary products and related products;
(n) general municipal, state and interstate ground freight transportation for its own products and those of third parties, including warehousing, depositing, loading, unloading, packaging and guarding any such products, and subcontracting the services contemplated in this item;
(o) communication services, general advertising and marketing, including for bars, cafes and restaurants, which may extend to other compatible or connected areas, subject to any legal restrictions;
(p) purchase, sale and distribution of books, magazines, newspapers, periodicals and similar products;
(q) performance of studies, analysis, planning and markets research;
(r) performance of market test for the launching of new products, packing and labels;
(s) creation of strategies and analysis of “sales behavior in specific sectors”, of special promotions and advertising;
(t) provision of management services of food, meal, drugstore, fuel and transportation vouchers/cards and other cards resulting from the activities related to its corporate purpose;
(u) lease and sublease of its own or third-party furnishings;
(v) provision of management services;
(w) representation of other companies, both Brazilian and foreign, and participation as a partner or shareholder in the capital stock of other companies irrespective of their form or object of same, and in commercial enterprises of any nature;
(x) agency, brokerage or intermediation of coupons and tickets;
(y) services related to billing, receipts or payments, of coupons, bills or booklets, rates, taxes and for third parties, including those made by electronic means or by automatic teller machines; supply of charging position, receipt or payment; issuing of booklets, forms of compensation, printed and documents in general;
(z) provision of services in connection with parking lot, stay and the safeguard of vehicles;
(aa) import of beverages, wines and vinegars; and
(bb) sale of seeds and seedlings.
Paragraph 2 – The Company can provide guarantees or suretyships in business of its interest, and those for mere accommodations shall be forbidden.”
In view of the modification of Article 2 of the Company By-laws approved hereby, the shareholders resolve to amend and restate the Company’s By-laws, which shall be in force pursuant to Annex I to these minutes (“Restated By-laws”)

7. ADJOURNMENT: With nothing further to come before the board, the works were adjourned for these minutes to be drafted as a summary and which, upon being read and approved, were signed by the shareholders present.

8. EXTRACT. This extract of the minutes is drawn up on the book of the Minutes of the Shareholders Meetings of the Company, pursuant to Article 130, §3, of the Corporations Law.

9. SIGNATURES: Meeting Board: Christophe José Hidalgo – Chairman; and Marcelo Acerbi de Almeida – Secretary. Attending Shareholders: Wilkes Participações S.A. represented by Philippe Oliveira Lins de Medeiros.

São Paulo, 12 September 2016.

Marcelo Acerbi de Almeida