Companhia Brasileira de Distribuição (the “Company” or “CBD) discloses hereunder communication received on January 25th, 2016 from Brandes Investment Partners, LP .

The Company’s Investor Relations Department remains available to provide shareholders with any further explanation that may be required in connection with the object of this Notice to Market, through the phone number +55 (11) 3886 0421 or by the e-mail address:

Click here to access the Notice.