Companhia Brasileira de Distribuição : Notice to the Market - Preparatory studies for potential capital increase of Cdiscount

COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO

PUBLICLY HELD COMPANY WITH AUTHORIZED

CAPITAL

CNPJ/ME Nº 47.508.411/0001-56

NIRE 35.300.089.901

NOTICE TO THE MARKET

Companhia Brasileira de Distribuição ("GPA"), pursuant to article 157 of Law 6.404/1976 and Instruction CVM 358/2002, informs its shareholders and the market in general, that its Board of Directors was informed, on this date, of the launch by Group Casino of preparatory studies for a potential capital increase of Cdiscount, direct subsidiary of Cnova in which GPA holds 34.17% of the capital stock.

This transaction aims at enabling Cdiscount to accelerate its growth plan and may also include a secondary offering of the shares held by the Group.

GPA's Board of Directors received positively the launch of these studies and points out the excellent operational performance of this subsidiary, as well as the strong potential growth of Cdiscount and the favorable environment of capital markets.

GPA received, on this date, copy of the following publication made by Casino Group on this project:

"Casino Group actively studies potential market operations for Cdiscount and

GreenYellow subsidiaries

Paris, 12th April 2021,

The Board of Directors of Casino Group today reviewed strategic options for its Cdiscount and GreenYellow subsidiaries.

The Board noted the excellent operational performances of both companies, their recognized strong growth potential in their respective markets and the current favorable environment on the equity market.

It also confirmed the strategic role of both subsidiaries in the Group's profitable growth plan.

As a result, Casino Group announces that it has launched preparatory works for potential additional capital increases for GreenYellow and Cdiscount to enable them to accelerate their growth plans.

Those operations, which could be done through market operations, could also include a secondary placement of shares held by the Group, while ensuring that Casino Group continues to maintain control of both strategic subsidiaries.

The Groupe will keep the market informed of the evolution of those projects which will be conducted in consultation with the other shareholders of both subsidiaries."

GPA will inform its shareholders and the market in general of any further information about this project it receives from Casino Group.

São Paulo, April 12, 2021.

Isabela Cadenassi

Investors Relation Officer

Special Notice Regarding Forward-Looking Statements:

This notice to the market includes forward looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended, that reflect the current expectations of the management of GPA. These statements are based on management's current expectations or beliefs, and are subject to uncertainty and changes in circumstances. These forward looking statements are subject to a number of risks and uncertainties, many of which are beyond our control, which could cause the actual results to differ materially from those indicated in our forward looking statements. You are cautioned not to put undue reliance on such forward-looking statements. GPA undertakes no obligation, and expressly disclaims any obligation, to update or revise any forward-looking statements.