Rio de Janeiro, December 30, 2010 Dear Mr. JORGE LUIS DA ROCHA ANDRADE Company Relations Superintendent In office Dear Mr. FREDERICO SHU Company Oversight Manager 2 In office Brazilian Securities and Exchange Commission Rua Sete de Setembro no. 111, 33º andar Rio de Janeiro – RJ Through IPE System Dear Sirs: Regarding the Official Letter CVM/SEP/GEA-2/Nº 548/2010, transcribed at the end of this document, we clarify and announce that the statements to which you refer correspond to a mere preliminary estimate of the performance to be achieved by the Company and Nova Casas Bahia S.A. based on public information, including those concerning sales estimates. These estimates can be seen in the public announcements previously disclosed to the market, especially (i) referring to the association between Globex and Nova Casas Bahia S.A., on the occasion of publication of the appraisal reports on which the operation was based (on October 24, 2010), (ii) at the public presentations of Grupo Pão de Açúcar known as “GPA Day” (on May 12, 2010) and “O Negócio Eletro” (“The Eletro Business”) (on September 9, 2010) and (iii) in Globex’s Financial Statements for 4Q09 (on March 3, 2010) and 3Q10 (on November 10, 2010). Sincerely, Orivaldo Padilha Investor Relations Officer of GLOBEX UTILIDADES S.A. Official Letter CVM/SEP/GEA-2/Nº 548/2010 Rio de Janeiro, December 29, 2010. To Mr. Orivaldo Padilha Investor Relations Officer of GLOBEX UTILIDADES S.A. Av. Prefeito Dulcidio Cardoso, 2000 – Barra da Tijuca 22.631-051 - Rio de Janeiro - RJ Telephone: +55 11 3886-0421 Fax: +55 11 3884-2677 C/c.: BM&FBOVESPA Subject: Request for Clarification. Information disclosure (Material News and Facts) Dear Mr. Officer, We hereby refer to Mr. Michael Klein‟s interview to the newspaper O Globo, on December 29, 2010, under the heading: O Globo – Economy “Casas Bahia gives second wind to Ponto Frio” “(...) MICHAEL KLEIN: Nova Casas Bahia should close December with sales 10% higher than last year‟s, above the 7% initial estimate. At Ponto Frio, sales may increase by 20% compared to 2009. The retail chain hired a thousand salespeople in this year alone. This is a reflection of Casas Bahia‟s management on Ponto Frio. (...) KLEIN: to many people‟s surprise, Casas Bahia's (delinquency rate) has decreased. Last year, it ranged from 9% to 10%. Currently, it is below 8%. People are paying their debts on time.” We have not identified in the „Material Fact‟ or „Notice to Market‟ categories of the IPE system any file containing the information disclosed, nor is this information contained the Press Release sent to the „Economic-Financial Data‟ category by the Company on November 11, 2010. Therefore, you should provide clarifications about said news article through the IPE System, in the „Notice to Market' category, in item „Clarifications on the CVM/BOVESPA Inquiry‟, within 24 hours of becoming aware of the terms in this Official letter, which is also being sent by fax. If necessary, you should also inquire people who have access to material acts and facts to investigate if there is any information not properly disclosed to the market, as set forth in Article 3, paragraph 1 of CVM Rule 358/2002. Pursuant to Article 2 of the aforementioned CVM Rule, the Company‟s management is responsible “a priori” for evaluating the materiality of the issue. In addition, the failure to comply with the provisions thereto is a serious infringement, pursuant to Article 18 of said Rule, for the purposes set forth in Article 11, paragraph 3 of Law 6.385/1976. We warn you that, pursuant to Article 9, item II and Article 7 of Law 6.385/1976, in combination with Article 9 of CVM Rule 452/2007, the Company Relations Superintendent is responsible for determining the imposition of a punitive fine in the amount of one thousand reais (R$1,000.00), without prejudice to other administrative sanctions, for the failure to comply with the requirements contained herein, within 24 hours of becoming aware of the terms in this Official Letter, which is also being sent by fax. If you have any questions, please contact Frederico Shu at +55 21-3554-8562 Sincerely, FREDERICO SHU JORGE LUIS DA ROCHA ANDRADE Company Oversight Manager 2 Company Relations Superintendent In office In office