21 August 2023

Expert RA confirms X5 Retail Group N.V. credit rating at ruAAA

Moscow, 21 August 2023 – X5 Retail Group N.V. (“X5” or the “Company”, LSE and MOEX ticker: FIVE), a leading Russian food retailer that operates the Pyaterochka, Perekrestok and Chizhik retail chains, announces that Expert RA rating agency confirmed the Company’s long-term credit rating at ruAAA level. The rating outlook is “stable.”

According to Expert RA, the main factors underlying X5’s rating retention were its leading position in the food retail market in Russia, the Company’s strong operating and financial results in 2022, as well as the Company’s balanced financial policy. In addition, the agency positively assesses X5’s corporate risk profile due to the Company’s “high quality of corporate governance, risk management and strategic support,” as well as its high level of information transparency.