Companhia Brasileira de Distribuição (“Company”) hereby informs that, on May 20, 2016, it received a notice from The New York Stock Exchange (“NYSE”) indicating that, for the failure to timely file its annual report on Form 20-F for the year ended December 31, 2015 (“Form 20-F”), the Company is not in compliance with the NYSE’s continued listing requirements under Section 802.01E of the NYSE Listed Company Manual.

As previously disclosed by the Company with its Form 12b-25 filed with the Securities Exchange Commission (“SEC”) on May 3, 2016, in its Interim Financial Information (ITR) for the 1st quarter of 2016, furnished on May 11, 2016 on a Form 6-K, and in the notice made available to the Brazilian Securities Commission via electronic system on May 13, 2016, the Company did not file the Form 20-F by its original deadline because of the delay of the filing of the annual report on Form 20-F for the year ended December 31, 2015 of Cnova N.V. (“Cnova”) (as announced by Cnova on April 12, 2016), which contains information that will be required to finalize the Company’s Form 20-F. The filing of the Company’s Form 20-F is expected to occur promptly after Cnova files its Form 20-F, the timing of which is uncertain at this moment.

The NYSE informed the Company that, under the NYSE rules, the Company will have six months from May 17, 2016 to file the Form 20-F with the SEC in order to cure the noncompliance. The Company’s American Depositary Shares (representing preferred shares) continue to be listed on the NYSE under the symbol “CBD” but, beginning on May 24, 2016, the symbol will be assigned an “LF” indicator by the NYSE to signify the Company’s late filing status.

São Paulo, May 23, 2016.

Christophe José Hidalgo
Investor Relations Office