Companhia Brasileira de Distribuição Announces Management's Proposal and User Guide to Attend the Annual and Extraordinary Meeting to be held on April 29, 2024

Companhia Brasileira de Distribuição (CBD) Management Proposal and User Guide for the Annual and Extraordinary Meeting to be held on April 29, 2024

Dear shareholders,

The management of Companhia Brasileira de Distribuição (hereinafter, the "Company" or "CBD") submits the following information on the matters to be resolved as per the Management's proposal at the Annual and Extraordinary General Meeting of the Company (the "Meeting") to be held by videoconference only, including for voting purposes, on April 29, 2024, at 11:00 a.m. ( Brasilia time), pursuant to the Resolution of the Brazilian Securities and Exchange Commission ("CVM") No. 81, of March 29, 2022, as amended ("CVM Resolution 81"), as well as the required clarifications for the participation of shareholders.

The Company prepared this Management's Proposal and the User Guide to Attend such Meetings (the "Proposal") in compliance with good corporate governance and transparency practices. The aim is to provide clear guidance to all Shareholders on the matters to be addressed. Moreover, the Company's Investor Relations Board of Executive Officers is made available for them to answer any further questions.

The agenda for the Annual Shareholders' Meeting includes the resolution of the following matters:

I. Review of the management's accounts, as well as examination, discussion and voting of the Company's management report and financial statements for the fiscal year ended December 31, 2023; II. Offsetting of the accrued net loss recorded in the fiscal year ended December 31, 2023 through the use of part of the Company's profit reserves; and III. Determination of the annual global remuneration of the Company's directors.

Resolution of the following matters on the agenda will take place at the Extraordinary General Meeting of Shareholders:

I. Approval of the Company's new "Incentive Plan Linked to the Granting of Shares and Stock Options" ("Incentive Plan"), which will withdraw the Company's "Stock Option Plan and the Stock Option Compensation Plan", currently in force; II. Amendment of Article 4 of the Company's Bylaws to reflect the capital increases approved at the Meetings of the Board of Directors held on March 13, 2024 and on March 29, 2024; III. Amendment of items (l), (m) and (o) and paragraph 1st of article 17 of the Company's Bylaws, to adjust the powers of the Board of Directors; and IV. Approval of the consolidation of the Company's Bylaws in order to incorporate the above amendments;

The proposals put forth by the Management regarding the agendas for said Meetings, along with detailed information about each topic, can be found in section 3 of this Proposal.

Sao Paulo, March 29, 2024.

The Management

  1. REQUIREMENTS FOR SHAREHOLDERS TO ATTEND MEETINGS Pursuant to the guidelines below, the Company will allow Shareholders to attend meetings by: (i) voting via electronic system during the Meeting; or (ii) sending a distance voting ballot, being disclosed one ballot for voting on the matters to be resolved at the Annual General Meeting and another for voting on the matters to be resolved at the Extraordinary General Meeting, which are available on the Company's Investor Relations website (www.gpari.com.br) and also on the websites of CVM (www.cvm.gov.br) and B3 S.A. - Brasil, Bolsa, Balcão (www.b3.com.br) (together referred to as the "Distance Voting Ballots").

Shareholders who utilize the digital platform to attend the Meeting will be deemed present and acknowledged as a subscriber in the minutes and shareholders' attendance book.

2.1. Attendance at the meeting via the electronic system

The meeting will take place via digital means only, using the digital platform called "Ten Meetings" (the "Digital Platform"). This platform will grant access to the meeting, as well as monitor and manage the voting process on each "Agenda" item.

As a result, each Shareholder who wishes to attend and exercise their voting rights at the Meeting must comply with the procedures outlined based on their type of participant.

2.1.1. Registration on the Digital Platform Shareholders are required to access the "Registration Link" link https://assembleia.ten.com.br/708336898, and complete the registration on the Digital Platform no later than April 27, 2024.

To register on the Digital Platform, shareholder must access the Registration Link and fill in the information requested by the platform for registration on the Digital Platform, according to the type of participant, as follows:

  1. Individual Taxpayer Identification For shareholders who are individuals and wish to take part directly, the following information must be provided: (i) full name; (ii) Taxpayer Identification Number ("CPF"); (iii) e-mail; and (iv) password creation as required by the Digital Platform.

After completing the fields requested by