NOTICE TO SHAREHOLDERS

Given that the period for exercising the subscription of the first round of unsold shares for the capital increase approved at the Annual and Special Shareholders Meeting held on April 17 of 2013 has ended, we hereby summon the Shareholders who, during the subscription of capital increase, expressed their interest in any unsold shares, to proceed to subscription on the following conditions:

1. Subscription Price: R$ 101,41 per share
2. Payment Method: In cash, upon subscription of shares
3. Proportion of preemptive rights 5.961650203% on preferred subscribed shares
4. Period for Subscription of the Unsold Shares: 06/06/2013 to 06/12/2013
5. Services Locations:

Belo Horizonte (MG) Av. João Pinheiro, 195 – Térreo
Brasília (DF) SCS Quadra 3 Ed. D’Angela 30, Bloco A – Sobreloja
Curitiba (PR) Rua João Negrão, 65 – Sobreloja
Porto Alegre (RS) Rua Sete de Setembro, 746 – Térreo
Rio de Janeiro (RJ) Rua Sete de Setembro, 99 – Subsolo
Salvador (BA) Av. Estados Unidos, 50, Ed. Sesquicentenário – 2º andar
São Paulo (SP) Rua Boa Vista, 176 – 1º Subsolo

Any further clarifications in connection with the subscription of the unsold shares may be taken by means of the phone number: (11) 3886-0421 or by e-mail: gpa.ri@grupopaodeacucar.com.br.

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