X5 appoints Vladislav Kurbatov to lead Perekrestok

Amsterdam, 27 June 2018 – X5 Retail Group N.V ("X5" or the "Company"), a leading Russian food retailer (LSE and MOEX ticker: FIVE), announces that Vladislav Kurbatov has been appointed as the General Director of Perekrestok.

Prior to his appointment, Vladislav was the operational director at Perekrestok. Before joining Perekrestok in 2015, Vladislav worked at O'KEY, where for ten years he was head of operations. Vladislav graduated from the Leningrad Higher School of Military Topography.

Vladimir Sorokin, who lead Perekrestok since 2014, has decided to leave the Company. He will remain with the Company until 15 July in order to ensure a smooth transition.

Igor Shekhterman, CEO of X5 Retail Group, commented:

"The supermarket format has achieved excellent results under Vladimir's leadership; I would like to thank him for his active involvement in X5 Retail Group and wish him success in his future endeavours. Vladislav Kurbatov joined Perekrestok as operational director at the very beginning of its transformation, and has made a huge contribution to the format's expansion, in particular, to developing the current CVP, increasing the efficiency of in-store processes and strengthening the format's focus on being client-oriented. In his new position, Vladislav faces the task of strengthening and furthering the success of the Perekrestok supermarket format."

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