19 November 2014

S&P upgrades X5’s outlook to positive

​S&P upgrades X5’s outlook to positive​

Amsterdam, 19 November 2014

X5 Retail Group N.V. (“X5” or the “Company”), a leading Russian food retailer (LSE ticker: “FIVE”), announced today that Standard & Poor’s (“S&P”) has changed the Company’s outlook from stable to positive and affirmed X5’s long-term corporate rating at B+.