Companhia Brasileira de Distribuição : Notice to Shareholders - Participation in the Special Shareholders Meeting of holders of preferred shares

COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO

PUBLICLY-HELD COMPANY WITH AUTHORIZED CAPITAL

CNPJ/ME No. 47.508.411/0001-56

NIRE 35.300.089.901

ANNOUNCEMENT TO

SHAREHOLDERS

Participation in the Special Shareholders Meeting of holders of preferred shares

called to December 30, 2019

Companhia Brasileira de Distribuição ("GPA" or "Company"), in the context of the process of its migration to Novo Mercado, reinforces the invitation for the preferred shareholders to participate in the Special Shareholders Meeting of holders of preferred shares to ratify the conversion of the preferred shares issued by the Company into common shares in the proportion of one common share to each preferred share, called to December 30, 2019 at 3pm ("Special Meeting").

As such deliberation depends on the approval of the majority of the preferred shares issued by the Company, the attendance of the shareholders is essential for the approval of the migration to Novo Mercado in 2019.

The shareholders may attend the Special Meeting in person or by a duly constituted attorney-in-fact or by sending the distance voting ballot. In such sense, we remind you that the distance voting ballot is available in the GPA´s IR websiteand must be received by the Company, the Bookkeeping Agent or the corresponding custodian agent until December 23rd, 2019 in order to be considered, and the instructions for nomination of an attorney-in-fact can be found in the management proposal available in the GPA´s IR website.

Further information can be consulted in the management proposal and manual to attend the meeting available at the websites of the Company (www.gpari.com.br), the Brazilian Securities Commission (www.cvm.gov.br) and B3 (www.b3.com.br).

The investor relations department is available to solve any doubts in relation to the Special Meeting at the telephone [phone] or by e-mail [e-mail]

São Paulo, December 18, 2019.

Isabela Cadenassi

Investor Relations Officer