Companhia Brasileira de Distribuicao : Notice to the Market: GPA and Éxito Group launch process to capture synergies

São Paulo, September 29th, 2015 - Companhia Brasileira de Distribuição ('CBD') hereby inform their shareholders and the market the disclosure of the process to capture synergies between GPA and Éxito Group:

As part of the process to capture synergies between the Latin American operations of Casino Group, GPA and Exito engaged Accenture, a global management consulting, technology services and outsourcing company, to monitor and determine in detail the potential synergies identified in the transaction and to build an action plan.

The synergies identified are estimated initially at US$160 million, which will be progressively captured over the next four years. Of the total expected synergies, 55% shall be converted into gains for GPA.

To access the entire Notice to the Market in PDF format, click here.