RAEX agency (EXPERT RA) assigns ruAA credit rating to X5; outlook stable

Amsterdam, 22 December 2017

X5 Retail Group, (“X5” or the “Company”), a leading Russian food retailer (LSE ticker: FIVE), announces that RAEX rating agency (“RAEX”) has assigned X5 a long-term credit rating of ruAA with a stable outlook.

RAEX in its press release outlines the key factors contributing to this credit rating, which include the Company’s rapid revenue growth, operational efficiency, leading market position and low leverage. In addition, as part of the corporate risk profile analysis, RAEX points noted the “high quality corporate management and risk management at X5, including a high level of insurance coverage and high level of information transparency.”

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