Proposal for Election of Members of the Board of Directors

The management of Companhia Brasileira de Distribuição (“Company”) hereby submits to the resolution by its shareholders, at an Extraordinary Shareholders Meeting to be held on October 9^th, 2015, at 10:00 a.m., at the Company’s headquarters, located at Avenida Brigadeiro Luís Antonio, 3142, in the city and state of São Paulo, a proposal for the election of three members to the Board of Directors of the Company.

In compliance with article 10 of the CVM Rule n° 481/2009, the management attaches to this proposal the information to be provided in items 12.6 to 12.10 of the Company’s Formulário de Referência, regarding the candidates indicated to hold the position as members of the Board of Directors (Annex I).

The shareholders intending to be represented by proxies at the meeting shall send the relevant documents making proof of their capacity as shareholders of the Company and the proxies at least seventy-two (72) hours before the time set for the meeting to take place. The documents shall be sent to the Corporate Legal Department of the Company, at Avenida Brigadeiro Luis Antonio, no 3,142, in the city and state of São Paulo, with acknowledgment of receipt.

Finally, the management clarifies that this proposal, as well as the Call Notice to the Shareholders’ Meeting, are available at the Company’s headquarters, at the Company’s Investor Relations webpage (www.gpari.com.br) and at Brazilian Securities Commission (Comissão de Valores Mobiliários – CVM) website (www.cvm.gov.br).

São Paulo, September 9^th, 2015.

ANNEX I

Information on the candidates for the position of members of the Company’s Board of Directors

Items 12.6 to 12.10 of the Company’s Formulário de Referência

12.6. Regarding each of the members of the management and members of the fiscal counsel, indicate, in a chart:

12.7. Provide the information mentioned in item 12.6 regarding the members of the statutory committees, as well as the audit, risk, financial and compensation committee, even if these committees or structures are not statutory:

Not applicable.

12.8. Regarding each of the members of the management and members of the fiscal counsel, provide:

a.            Curriculum

Mr. Carlos Mario Giraldo is currently the Chief Executive Officer (CEO) of Grupo Exito, and has been in such position since March 2013, after five years as Chief Operating Officer (COO) in the aforementioned company. In addition to that, Mr. Carlos Mario Giraldo is member of Casino’s Executive Committee.

Before joining Grupo Exito, Mr. Carlos Mario Giraldo acted as president of Industrias Alimenticias Noel S.A. (from 1997 to 2005), president of Compañia de Galletas Noel S.A. and executive and vice-president of Grupo Nutresa (from 2005 to 2007)

Mr. Carlos Mario Giraldo is a lawyer, having graduated from Universidad de Medlin, with a master’s in law from Tulane University, and participated in the Management Programs at Kellogg School of Management and Stanford University and Strategic Planning Management in Retailing in Babson College.

________________________________________

Mr. Filipe da Silva Nogueira is currently the Chief Financial Officer (CFO) of Grupo Exito, position which he holds since February 2013.

Before joining Grupo Exito, Mr. Filipe da Silva Nogueira was Business Controller of Totalgas Argentina, Gas Consultant of Totalfina, and worked for eleven (11) years in the Carrefour Group, having occupied the positions of Zone Financial Controller of Carrefour Zona Americas (2002-2003), Country Controlling Directior of Carrefour Colombia (from 2003 t0 2008), Chief Financial Officer of Carrefour Indica (2008-2009) and Chief Financial Officer of Carrefour Indonesia.

Mr. Filipe da Silva Nogueira has an extensive international experience in emerging countries such as Argentina, Colombia, India and Indonesia. Mr. Filipe da Silva Nogueira has a master’s degree in Business Administration from Europe’s ESCP Business School.

________________________________________

Mr. Jose Gabriel Loaiza Herrera is the commercial and supply chain vice-president of Grupo Exito since 2011, having occupied also the positions of Corporate Manager of Leisure, Consumer Electronics and Household Apliances (2010-2011) and Director of Financial Planning (from 2006 to 2008).

Mr. Jose Gabriel Loaiza Herera is graduated in Business Administration by the Universidad Nacional de Comlombia and has a Master of Business Administration (MBA) by the Texas A&M University.

b.            Description of any of the following events, if they occurred in the last five years: (i) any criminal conviction; (ii) any conviction in an administrative proceeding before the CVM and the penalties applied; (iii) any conviction under an administrative or judicial decision that hás become final and that suspended or disqualified the individual from the practice of any professional or commercial activity.

Mr. Carlos Mario Giraldo, Mr. Filipe da Silva Nogueira and Mr. Jose Gabriel Loaiza Herrera have nothing to disclose in this regard and are not included in any of the hypotheses listed in this item.

12.9. State the existence of a spousal relationship, stable union or kinship to the second degree between: (a) the issuer’s officers and directors; (b) (i) the issuer’s officers and directors and (ii) the officers and directors of companies controlled directly or indirectly by the issuer; (c) (i) the officers and directors of the issuer or of companies controlled and (ii) the direct or indirect controlling shareholders of the issuers; and (d) (i) the issuer’s officers and directors and (ii) the officers and directors of companies that control the issuer, directly and indirectly.

Mr. Carlos Mario Giraldo, Mr. Filipe da Silva Nogueira and Mr. Jose Gabriel Loaiza Herrera have nothing to disclose in this regard and are not included in any of the hypotheses listed in this item.

12.10. Describe relationships of subordination (employment), provision of services or control existing in the last three fiscal years between the issuer’s officers and directors and (a) any company controlled directly and indirectly by the issuer; (b) the issuer’s direct or indirect controlling shareholder; and (c) where relevant, any supplier, customer, debtor or creditor of the issuer, or its controlled or controlling companies, or controlled or controlling companies of any of such persons.

Mr. Carlos Mario Giraldo is Chief Executive Officer (CEO) of Grupo Exito and a member of Casino’s Executive Committee, Mr. Filipe da Silva Nogueira is Chief Financial Officer (CFO) of Grupo Exito and Mr. Jose Gabriel Loaiza Herrera is commercial and supply chain vice-president of Grupo Exito.