Companhia Brasileira de Distribuição (the “Company”) [BM&FBOVESPA: PCAR4; NYSE: CBD] hereby announces that its Board of Directors, in a meeting held today, approved the hiring of Ernst & Young Auditores Independentes S/S to provide audit services of the individual and consolidated financial statements. The referred services will start to be provided from the review of the quarterly financial information of the first quarter of 2017.

Such decision was taken to comply with the terms of article 31 of CVM Instruction 308/99, whereby companies are required to change audit firm every five years, and was assented by Company’s current independent auditors, Deloitte Touche Tohmatsu Auditores Independentes.

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