Magazine Luiza S A : Notice to the Market - Withdrawal Right

MAGAZINE LUIZA S.A.

Publicly-held Company

Corporate Taxpayer ID: 47.960.950/0001-21

Company Registry (NIRE): 35.3.0010481.1

NOTICE TO THE MARKET

MAGAZINE LUIZA S.A. ("Companhia" ou "Magalu"), in compliance with official letter 1357/2021- SLS, issued by B3 SA. - Brasil, Bolsa, Balcão ("B3"), the Brazilian Stock Exchange, on October 4th, 2021 (the "Official Letter"), presents, through this notice, the necessary clarifications to the matters raised on the withdrawal right communicated to its shareholders through the notice released on August 31, 2021, as well as on the exercise, by the Company, of the option provided for in Article 137, paragraph 3, of Law No. 6404/76. We transcribe below the query sent by B3 to the Company through the Official Letter:

"Considering the ending on 09/30/2021 of the deadline for shareholders to express their dissent regarding the acquisition of the shares of Kabum Comércio Eletrônico S.A. and its merger, approved in the shareholders meeting of 08/26/2021, we request to inform, until 08/10/2021, if this company will reconsider or ratify the said transaction, as provided by Article 137, paragraph 3, of Law 6404/76.

We also request to inform the date of payment of the amount of the refund due to dissenting shareholders, if any."

In view of the above Official Letter, the Company clarifies that it will not exercise the option provided for in Article 137, paragraph 3, of Law 6404/76.

In addition, the Company informs that, during the period of exercise of the withdrawal right, 1 (one) shareholder opted for the withdrawal right, which holds 2,900 (two thousand and nine hundred) common shares issued by the Company, corresponding to 0,0000429% of the total shares issued by the Company.

The amount of the refund per preferred share to be paid due to the exercise of the withdrawal right, calculated based on the value of the Company's net equity per share on December 31, 2020, according to the Company's financial statements approved at the Ordinary Shareholders' Meeting held on April 22, 2021, is R$1.12 (one real and twelve cents) per share. The amount of the refund will not be subject to any type of monetary correction or adjustment.

The payment of the refund amount to the holder of the Company's common shares that exercised the withdrawal right will be made in due course, being duly informed to this Listing Superintendence, after (i) the verification (or waiver, as the case may be) of the conditions precedent subject to which the merger of shares approved at the Company's Extraordinary Shareholders' Meeting held on August 26, 2021 ("Meeting") is; and (ii) the holding of a Company's Board of Directors Meeting to confirm the fulfillment of the said conditions precedent, as provided for in Clause 6.3 of the Protocol and Justification approved by the Meeting.

With the certainty that we have provided the necessary clarifications to the matter in question, we are at the disposal of this Superintendence for any further clarifications that may be necessary.

São Paulo, October 8th, 2021

Roberto Bellissimo Rodrigues

Financial and Investor Relations Officer