COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO

Publicly held Company and Authorized Company

CNPF/MF No. 47.508.411/0001‐56

NOTICE TO THE SHAREHOLDERS

We hereby inform Messrs. shareholders of Companhia Brasileira de Distribuição ("Company") that the Company´s Board of Directors resolved, on this date, to approve, ad referendum of the Annual and General Shareholders' Meeting to be held in 2019, the payment of interest on equity (juros sobre o capital próprio) referred to the period between July 1, 2018 and September 30, 2018, in the gross amount of R$ 71,438,745.34 (seventy-one million, four hundred and thirty-eight thousand, seven hundred and forty-five reais and thirty-four centavos). This gross amount corresponds to R$ 0,252186044 per each common share and R$ 0,277404648 per each preferred share and from it will be deducted the amount related to withhold taxes ("IRRF" - "Imposto de Renda Retido na Fonte"), pursuant to the Law in force, with the exception of the shareholders that are immune and/or exempt, and will be attributed to the minimum mandatory dividend of the fiscal year of 2018.

The shareholders duly immune or exempt from IRRF shall submit to the Company the documents evidencing their exception until December 5, 2018, to the attention of the Investors Relation Officer at the address of the Company´s head office (Av. Brigadeiro Luís Antônio, 3142, Jardim Paulista - Zip Code 01402-901, São Paulo/SP).

The mentioned payment to the shares traded on B3 S.A. - Brasil, Bolsa, Balcão, as well as other shares registered with Itaú Corretora de Valores S.A., shall occur on December 13, 2018, according to the base date of December 4, 2018 (including such date). The shares issued by the Company shall be traded ex-interest as from December 5, 2018.

Regarding the American Depositary Receipts representing the Company's preferred shares ("ADR") traded on the New York Stock Exchange - NYSE, the owners of ADRs will be entitled to the JCP on the base date of December 10, 2018 (including such date). The payment to the ADR owners shall be done by JPMorgan Chase Bank, N.A., the depositary bank of the ADRs.

São Paulo, November 29, 2018.

Daniela Sabbag

Investor Relations Officer

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CBD - Companhia Brasileira de Distribuição published this content on 29 November 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 29 November 2018 21:26:10 UTC