Companhia Brasileira de Distribuição : Notice to the Market - Disclosure of Change in Material Equity Interest
April 26, 2021 at 08:53 am EDT
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COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
PUBLICLY HELD COMPANY WITH AUTHORIZED CAPITAL
CNPJ/ME 47.508.411/0001-56
NIRE 35.300.089.901
NOTICE TO MARKET
Companhia Brasileira de Distribuição (the "Company" or "CBD) discloses the communication received from Banco BTG Pactual, that on April 22nd, 2021, its aggregate holdings added up to approximately 5.29% of the total common shares issued by the Company.
The Company's Investor Relations Department remains available to provide shareholders with any further explanation that may be required in connection with the object of this Notice to Market, through the phone number +55 (11) 3886 0421 or by the e-mail address: gpa.ri@gpabr.com
Banco BTG Pactual S.A. ("BTG Pactual"), financial institution with registered office in the City and State of Rio de Janeiro, located at Praia de Botafogo, 501, 5º Andar (Parte), Torre Corcovado, Botafogo, inscribed in the roll of corporate taxpayers (CNPJ/MF) under no. 30.306.294/0001-45, in compliance with Article 12 of Normative Instruction 358, issued by the Securities and Exchange Commission of Brazil (CVM), hereby inform you that:
BTG Pactual recorded on April 22, 2021 the position of fourteen million, one hundred ninety-seven thousand, six hundred (14,197,600) common shares issued by Companhia Brasileira de Distribuição ("Company"), equivalent to five point twenty- nine percent (5.29%) of the total common shares issued by the Company. In addition, BTG Pactual discriminates the position achieved in connection with a loan of forty-nine thousand one hundred (49,100) common shares issued by the Company.
In addition to the aforementioned position, BTG Pactual informs it has (i) position of eight hundred thousand (800,000) American Depositary Receipts; (ii) derivatives through swap agreement benchmarked to common shares issued by the Company, ensuring it a short position of fourteen million, five hundred sixty-six thousand, seven hundred seventy-five (14,566,775) common shares, equivalent to a short position of five point forty-three percent (5.43%) of the total common shares issued by the Company; (iii) derivatives through flexible option, ensuring it a short position of twenty-five thousand eight hundred (25,800) common shares, equivalent to a short position of zero point zero one percent (0.01%) of the total common shares issued by the Company.
Also note that (i) the acquisition of ownership interest by BTG Pactual is intended for merely carrying out financial transactions; (ii) it does not aim at changing the controlling interest or management structure of the Company; and, finally (iii) BTG Pactual does not intend to achieve any ownership interest in particular, and the economic rights inherent to the shares issued by the Company, the object of the aforementioned transactions, continue to be predominantly owned by the counterparties of these transactions.
Sincerely,
BANCO BTG PACTUAL S.A.
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CBD - Companhia Brasileira de Distribuição published this content on 26 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 April 2021 12:52:00 UTC.
Companhia Brasileira de Distribuiçao is one of the largest Brazilian retailing groups. The group proposes food products, clothes, care products, etc. Net sales break down by activity as follows:
- retail distribution (53.6%): detention, at the end of 2018, of 4,162 outlets (supermarkets, hypermarkets and specialized stores under names Pão de Açúcar, Minuto Pão de Açúcar, Extra Hiper, Extra Super, Minimercado Extra, Posto Extra and Drogaria Extra) located in Brazil;
- wholesale self-service distribution (46.4%; Cash & Carry): activity provided under the Assai name.
COMPANHIA BRASILEIRA DE DISTRIBUIÇAO NETHERLANDS HOLDING B.V. 
