Companhia Brasileira de Distribuiçao : Material Fact - Obtaining the necessary prior authorizations from its creditors

COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO

PUBLICLY-HELD COMPANY WITH AUTHORIZED CAPITAL

CNPJ/ME No. 47.508.411/0001-56

NIRE 35.300.089.901

MATERIAL FACT

Companhia Brasileira de Distribuição ("Company"), pursuant to Law No. 6,404/76 and CVM Instruction No. 358/02 and in continuity to the the Material Fact disclosed on September 9, 2020, hereby informs its shareholders and the market that on this date, obtained all necessary prior authorizations from its creditors in order to allow the implementation of the potential segregation of its cash and carry unit. The prior authorizations obtained refer to the debts of the Company and its subsidiary, Sendas Distribuidora S.A. ("Assaí"), including debts contracted on the capital market.

Such authorizations include the meetings held on the present date, within the scope of (i) the Company's 4th Public Issuance of Promissory Notes, in a Single Series; (ii) the Company's 15th Issuance of Simple Debentures, Non-convertible into Shares, Unsecured, in a Single Series, for Public Distribution with Restricted Distribution Efforts; (iii) the Company's 16th Issuance of Simple Debentures, Non-convertible into Shares, Unsecured, in Two Series, for Public Distribution with Restricted Efforts; (iv) the Company's 17th Issuance of Simple Debentures, Non-convertible into Shares, Unsecured, in a Single Series, for Public Distribution with Restricted Efforts; (v) Assaí's 1st Public Issuance of Promissory Notes, in 6 Series; and (vi) Assaí's 1st Issuance of Simple Debentures, Non-convertible into Shares, Unsecured, with Additional Personal Guarantee, in Four Series, for Public Distribution with Restricted Efforts ("Debts"), in which were approved the renegotiation of certain conditions, such as the remuneration rate and the release of the Company as guarantor of Assaí's issuances.

We also inform that there will be no changes in the allocation of gross debt between GPA and Assaí, as well as the debt maturity dates have not been changed. As a result, the Company believes that the indebtedness of GPA and Assaí are at appropriate levels and will allow them to maintain their respective investment levels (CAPEX), supporting the strong growth of their businesses.

The Company will keep the market and its shareholders informed of further developments in this regard.

São Paulo, November 19, 2020.

Christophe Jose Hidalgo

Interim Chief Executive Officer, Chief

Financial and Investor Relations Officer