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Glossary

ABEP: Brazilian Association of Research Companies

Advanced Distribution Centers: Small or midsized facilities that help to increase the speed of service to groups of units or clients and are operated by in-house or outsourced teams, used for storing products bought for resale and shipping these products to other units, stores or clients.

Assisted Sales: The virtual sale of merchandise through a terminal installed in physical stores, carried out with the assistance of a sales promoter.

Banco Investcred: Banco Investcred Unibanco S.A.

B3: B3 S.A. - Brasil, Bolsa, Balcão.e

BR GAAP: Generally Accepted Accounting Principles in Brazil, which are based on Brazilian Corporate Law, the accounting standards issued by the Brazilian Institute of Independent Accountants (IBRACON) and the rules and regulations issued by the CVM, the Central Bank of Brazil and the Federal Accounting Council (CFC).

CADE: Economic Defense Administrative Council.

CAGR: Compound Annual Growth Rate.

CDC: Consumer Financing.

Income Groups A, B, C, D and E: Income groups according to the economic classification criteria established by the ABEP.

Company or Via Varejo: Refer to Via Varejo S.A.

Distribution Centers: Large-scale facilities located in logistically advantageous places in relation to Globex’s consumer markets that are operated by in-house or outsourced teams, used to store products bought for resale and for shipping these products to other units, stores or clients.

EBITDA: Net earnings before income tax and social contribution tax, net financial result and expenses due to depreciation and amortization.

IFRS: International Financial Reporting Standards.

INPI: National Institute of Industrial Property.

IPCA: Broad Consumer Price Index, published by the Brazilian Institute of Geography and Statistics (IBGE).

Megastores: Store with selling space in excess of 1,000 square meters that displays the company’s entire product portfolio and uses the additional space to enter into commercial arrangements with suppliers in order to display their products.

Physical stores channel: A physical point of contact through which clients maintain a relationship with the company. The physical stores channel includes: street stores, mall stores, megastores and Ponto Frio Digital stores.

Placement Facilitation and Purchase Agreement: An agreement between the Company, selling shareholders and international placement agents concerning efforts to place shares and sell GDRs in international markets.

Ponto Frio Digital: Stores with selling space ranging from 70 to 300 square meters focused on high-tech products, such as digital cameras and camcorders, audio and video equipment, computer equipment and mobile phones.

Regulation S: Regulation S of the Securities Act.

Rule 144A: Rule 144A of the Securities Act.

Sales channel:A point of contact through which clients maintain a relationship with the company. Sales channels can be physical or virtual.

Same Store Sales or SSS: A year-on-year analysis of the percent variation in gross revenue from the sale of goods from a group of physical stores in operation without interruption for the same two periods

SEC: The United States Securities and Exchange Commission.

Securities Act: The 1933 United States Securities Act, as amended.

Mall Stores: Storeswith selling space ranging from 120 to 2,000 square meters and located within shopping centers or malls that display a portion of the product mix from all categories of the product portfolio.

Store Formats: Store types related to different markets: street stores, mall stores, megastores and Ponto Frio Digital.

Street Store: Stores with selling space ranging from 200 to 3,500 square meters located in commercial districts that display a portion of the product mix from all categories of the product portfolio.

TJLP: The Long-Term Interest Rate set by the National Monetary Council (CMN).

US GAAP: Generally Accepted Accounting Practices of the United States.

Virtual channels: A physical point of contact through which clients maintain a relationship with the company. Virtual channels include Internet sales, retail telesales, wholesale and corporate sales.

Sales per square meter: The result of dividing the gross revenues from the sale of goods in a specific period by the total combined selling space of all physical stores in the Ponto Frio chain at the end of that period.

Last Update on December 07, 2018

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