Notice to the Market

São Paulo, Brazil, May 25, 2011. Companhia Brasileira de Distribuição (“CBD” or “Company”), pursuant to CVM Instruction 358/02 and considering the news published in both Brazilian and French press about negotiations with Carrefour, informs its shareholders and the market that the Company is not involved in any negotiation with Carrefour and did not mandate any financial advisor for this purpose.

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