25 August 2022

Expert RA raises X5 Retail Group N.V. credit rating to ruAAA

Moscow, 25 August 2022 – 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 upgraded the Company’s long-term credit rating from ruAA+ to ruAAA. The rating outlook is “stable.”

According to Expert RA, the main factors underlying X5’s rating upgrade included the Company’s strong operational and financial results for 2021 and the first half of 2022, as well as its balanced financial policy. In addition, the agency positively assessed X5’s corporate risk profile due to the Company’s “high quality of corporate governance, risk management and strategic support,” its advanced level of information transparency,and the proven stability of the food retail industry.