NOTICE TO THE MARKET
São Paulo, October 27, 2016 – Companhia Brasileira de Distribuição, in addition to the Notices of Material Facts released on May 11, August 8 and September 12, 2016, hereby informs that Cnova N.V.’s (“Cnova NV”) shareholders gathered at the general meeting held on this date approved the corporate reorganization proposal for the integration of the e-commerce business operated by Cnova Comércio Eletrônico S.A. (“Cnova Brazil”), a Brazilian subsidiary of Cnova NV, into Via Varejo S.A.’s (“Via Varejo”) business (“Reorganization”), pursuant to the terms of the reorganization agreement entered into between Cnova NV, Cnova Brazil and Via Varejo on August 8, 2016 (“Reorganization Agreement”).
The Company further informs that, pursuant to the terms of the Reorganization Agreement, the implementation of the Reorganization, which shall result in Cnova Brazil becoming a wholly-owned subsidiary of Via Varejo, is expected to occur on October 31, 2016.
The Company will duly inform its shareholders and the market of any subsequent material facts concerning the Reorganization.
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