Notice to the Market

Companhia Brasileira de Distribuição (“CBD”), in addition to the Material Fact disclosed to the market in July 4th, 2011, (“Material Fact July 4“) and in compliance with the provisions set forth in Paragraph 4 of Article 157 of Law No. 6.404/76 and CVM Ruling No. 358/02, comes to the public to inform its shareholders and the market in general that it received, on the date hereof, a correspondence sent by the International Court of Arbitration of the International Chamber of Commerce, informing that Casino Guichard Perrachon S.A. (“Casino”), its subsidiaries Segisor and Sudaco Participações Ltda. requested an arbitration proceeding (“Arbitration“) wherein CBD was included as one of the Respondents, as anticipated by the Material Fact July 4. The terms of the Arbitration are subject to confidentiality obligations.

CBD will keep its shareholders and the market informed on any relevant developments.

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