Via Varejo : Related-party transaction - Reimbursement by Cnova of costs and expenses paid by CBD

VIA VAREJO S.A.

Publicly-Held Company with Authorized Capital CNPJ/MF nº 33.401.260/0652-90

NIRE 35.300.394.925

NOTICE TO THE MARKET

Via Varejo S.A. ("Company"), In compliance with Article 30, XXXIII of CVM Instruction 480/09, hereby informs to its shareholders and the market in general of the following related party transaction entered into by the Company:

AGREEMENT	Expense Reimbursement Agreement ("Agreement")
RELATED PARTY	Cnova Comércio Eletrônico S.A. ("Cnova"), Companhia Brasileira de Distribuição ("CBD").
CONNECTION WITH THE ISSUER	A CBD is Company's Controlling shareholder. Cnova is controlled by the Company.
DATE OF THE TRANSACTION	December 30, 2016
SCOPE OF THE AGREMENT	Reimbursement by Cnova of costs and expenses paid by CBD related to legal proceedings and administrative proceedings against Cnova.
MAIN TERMS AND CONDITIONS	The Agreement establishes the payment by Cnova to CBD of R$58,557,944.06 (fifty-eight million, five hundred and fifty-seven thousand, nine hundred and forty-four Reais and six cents) related to costs and expenses already paid by CBD Until October 31, 2016, in a single installment.
ROLE OF THE COUNTER PARTY IN THE TRANSACTION	CBD shall be reimbursed for disbursements made to pay costs and expenses in connection with Cnova.
DETAILED EXPLANATION OF THE REASONS BASED ON COMPANY'S MANAGEMENT JUDGE THE FOLLOWING TRANSACTION COMPLIES WITH ARM'S LENGTH PRINCIPLES AD SATISFATORY COMPENSATION CONDITIONS	This is the full reimbursement of expenses and costs due by Cnova that have been paid by CBD, in the amount disbursed by CBD. There will be no compensation payment by Cnova to CBD.
JUSTIFICATION FOR PURPOSES OF THE RELATED PARTIES TRANSACTION	The transaction was concluded considering the operational context of the companies.
DESCRIPTION OF THE MEASURES TAKEN TO ENFORCE ARM'S LENGTH CONDITIONS	The approval of the Transaction complied with all terms and conditions of the Company's Related Party Transaction Policy and was reviewed by the Legal Department and Financial Committee and approved by the Company's Board of Directors.

São Caetano do Sul, January 26, 2017

ALEXANDRE GONÇALVES

Investors Relations Officer