Magazine Luiza S A : Material Fact - Projections

MAGAZINE LUIZA S.A.

Publicly-Held Company

CNPJ/MF nº 47.960.950/0001-21

NIRE nº 35.3.0010481.1

Rua Amazonas da Silva, 27 - São Paulo/SP - CEP: 02051-000

MATERIAL FACT

MAGAZINE LUIZA S.A. (B3 Ticker: MGLU3) (the "Company"), pursuant to the Brazilian Securities and Exchange Commission (Comissão de Valores Mobiliários) ("CVM") Rule No. 358, dated January 3, 2002, as amended, hereby informs its shareholders and the market in general that, as of the present date, it will disclose projections referring to operational indicators, as detailed below.

The Company has key operational indicators that demonstrate the evolution of its logistics structure, such as the number of distribution centers, cross-docking units, total storage area and number of stores. Given its multichannel operation, i.e., fully integrated stores and e-commerce, the total storage area also includes the part of the area of the stores that is set aside for handling and stocking goods.

For the periods from (i) January 1, 2021 to December 31, 2021; (ii) January 1, 2022 to December 31, 2022; and (iii) January 1, 2023 to December 31, 2023, the Company expects that the indicators in the table below will reach the following levels:

The validity period of the above projections is December 31, 2023, and the values will be reviewed at least annually.

The above projections were included in section 11 of the Company's Reference Form, which updated version can be consulted as of the date hereof on the CVM's (http://www.cvm.gov.br), B3's (http://www.b3.com.br) and the Company's (http://ri.magazineluiza.com.br/) websites.

Such projections will be updated, when applicable, and made available in the referred electronic pages in compliance with the legal and regulatory deadlines.

Forward-looking statements and information are not guarantees of performance, being subject to risks and uncertainties and depending on market conditions and the Brazilian economic scenario and sectors in

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which the Company operates. Such statements are based on the reasonable beliefs and assumptions of our Executive Board and Board of Directors and on information currently available to the Company:

Market demand for the products commercialized by the Company;

Performance of the Brazilian and international economy, including inflation rates, interest rates, GDP - Gross Domestic Product growth and population growth;

For 2021, the impact of the COVID-19 pandemic and the Company's ability to manage its business; and

Management strategy for organic, inorganic expansion and capital management.

Any change in perception or in the factors described above may cause the actual results to differ from the projections presented.

The Company clarifies that the projections presented above are based on estimates and indicative data that do not constitute a promise of performance.

These forward-looking statements are based substantially on current expectations, estimates of future projections and trends that affect or may affect the Company's industry, market share, business, operations and results of operations. Although the Company believes that these estimates and forward- looking statements are based on reasonable assumptions as described above, these estimates and statements are subject to various risks, uncertainties and assumptions beyond the Company's control and are made based on information currently available to the Company.

The Company recognizes its commitment to transparency with its shareholders, investors and the market in general, and will keep them timely and adequately informed of any subsequent decision that results in a significant change to the projections disclosed in this Material Fact.

São Paulo, July 15, 2021

Roberto Belissimo Rodrigues

Chief Financial Officer and Investor Relations Officer

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