Companhia Brasileira de Distribuicao : Minutes of the Board of Directors´ Meeting - Attachment 30 XXXII

COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO

CNPJ/MF 47.508.411/0001-56

NIRE 35.300.089.901

INFORMATION ON CAPITAL INCREASE DUE TO THE COMPANY'S STOCK OPTION PLAN APPROVED BY THE BOARD OF DIRECTORS IN MEETING

HELD ON DECEMBER 10, 2018

In compliance with article 30 of CVM Rule No 480/09, as amended, the Company hereby provides the information required in the Exhibit 30-XXXII of such Rule, regarding the capital increase approved by the Company's Board of Directors on December 10, 2018, due to the exercise of stock options granted to certain employees under the Company's stock option plans, as follows:

1. Date of the shareholders meeting in which the stock option plan was approved

On May 9, 2014 our shareholders approved, in an Extraordinary Shareholders Meeting the creation of a Stock Option Plan and its standard option agreement ("Stock Option Plan") and the creation of a Compensation in Stock Option Plan and its standard option agreement ("Compensation Plan", jointly with the Stock Option Plan, the "Plans"). Amendments to the Plans were approved at the Annual and Special General Meeting held on April 24, 2015. All shares issued in the capital increase approved herein derive from the Plans.

2.

Amount of the capital increase and new capital stock

The approved capital increase is of R$ 617,683.46 (six hundred and seventeen thousand, six hundred and eighty-three reais and forty-six centavos).

After the increase, the Company's capital stock sums up to the total amount of R$ 6.824.511.722,37 (six billion, eight hundred and twenty-four million, five hundred and eleven thousand, seven hundred and twenty-two reais and thirty-seven centavos).

3.

Number of shares issued of each type and class

This capital increase was approved through the issuance of 25,109 (twenty-five thousand, one hundred and nine) preferred shares.

According to the Company's By-laws, such preferred shares hereby issued have the same characteristics and conditions and enjoy the same rights, benefits and advantages of other existing preferred shares issued by the Company, including dividends and other capital's remuneration that may be declared by the Company.

4.	Issuance price of the new shares
(i)	exercise of Series B2: R$ 0.01
(ii)	exercise of Series C2: R$ 77.27
(iii)	exercise of Series B3: R$ 0.01
(iv)	exercise of Series C3: R$ 37.21
(v)	exercise of Series B4: R$ 0.01
(vi)	exercise of Series C4: R$ 56.78
(vii)	exercise of Series B5: R$ 0.01
(viii)	exercise of Series C5: R$ 62.61

5. Price of each type and class of the issuer's shares in the markets in which they are traded:

Preferred Shares (PCAR4)

• a) minimum, average and maximum price in each year for the last three (3) years

  Price	2018	2017	2016	2015
  Average	R$ 76.77	R$ 68.03	R$ 48.68	R$ 74.98
  Maximum	R$ 87.51	R$ 80.85	R$ 61.86	R$ 102.69
  Minimum	R$ 63.92	R$ 54.30	R$ 32.90	R$ 41.19

• b) minimum, average and maximum price in each quarter of year for the last two (2) years

Price	4Q18	3Q18	2Q18	1Q18	4Q17	3Q17	2Q17	1Q17	4Q16	3Q16
Average	R$ 81.39	R$ 80.53	R$ 69.22	R$ 75.75	R$ 75.33	R$ 72.12	R$ 66.74	R$ 57.72	R$ 54.78	R$ 51.79
Maximum	R$ 86.90	R$ 85.60	R$ 74.23	R$ 78.38	R$ 78.40	R$ 79.48	R$ 76.50	R$ 62.24	R$ 61.86	R$ 57.25
Minimum	R$ 77.75	R$ 76.19	R$ 65.14	R$ 73.31	R$ 71.72	R$ 63.50	R$ 58.06	R$ 54.30	R$ 49.01	R$ 46.65

• c) minimum, average and maximum price in each month for the last six (6) months

  Price	Nov/18	Oct/18	Sep/18	Aug/18	Jul/18	Jun/18
  Average	R$ 82.21	R$ 81.03	R$ 80.91	R$ 82.07	R$ 78.61	R$ 77.35
  Maximum	R$ 86.50	R$ 86.68	R$ 87.51	R$ 85.82	R$ 83.47	R$ 81.28
  Minimum	R$ 79.21	R$ 77.96	R$ 76.09	R$ 78.18	R$ 74.30	R$ 74.93

• d) average price for the last ninety (90) days

Average

R$ 81.55

Common Shares (PCAR3)

The last trading involving common shares issued by the Company was registered on October 23, 2018, at a price of R$ 85.01.

6.

Percentage of potential dilution resulting from the issuance

Percentage of dilution of 0.009410%.