Cnova N.V. announced a change to its Board of Directors. Following the completion of the transaction pursuant to which Casino-Guichard-Perrachon S.A. acquired CBD Luxembourg Holding from GPA (Companhia Brasileira de Distribuição) which increased Casino's stake in Cnova, directly and through wholly-owned subsidiaries, to 98.8%, Messrs. Eleazar de Carvalho, Vice-Chairman and non-executive director of the Company, Guillaume Michaloux, non-executive director of the Company and Christophe Hidalgo, non-executive director of the Company, have resigned their directorships as per the date hereof.

The Company?s Board of Directors and management are most grateful to Messrs. De Carvalho, Michaloux and Hidalgo for their dedication and valuable contribution to the Company.