22 June 2018

X5 announces appointments to Supervisory Board

Amsterdam, 22 June 2018 – X5 Retail Group N.V ("X5" or the "Company"), a leading Russian food retailer (LSE and MOEX ticker: FIVE), announces the appointments of Karl-Heinz Holland and Nadia Shouraboura to its Supervisory Board. Both of the new members were nominated by the Board’s Nomination and Remuneration Committee based on their established position as leading retail industry professionals with impeccable track records of building and rolling out leading global retailers and technologies.

The nominations were approved at a regular meeting of the Supervisory Board held on 22 June 2018.

Karl-Heinz Holland served at Lidl Group for over 20 years in various leadership capacities, including six years as CEO, during which time he drove the expansion of Lidl across Europe. He has wide-ranging expertise in the international retail arena, currently serving on the Boards of Directors of Distribuidora Internacional de Alimentación, S.A. ("DIA") and zooplus AG.

Nadia Shouraboura has extensive experience in development of innovative concepts for modern retail, as well as technology and data-driven solutions for consumers. In 2004-2012, Nadia served as Technology Vice President for Amazon’s global supply chain and fulfilment platforms. Subsequently, she launched her own technology consultancy for the retail industry globally, aimed at combining the best of the online and offline worlds.

Stephan DuCharme, Chairman of the X5 Retail Group Supervisory Board, commented on the appointments:

"We are happy to welcome Karl-Heinz Holland and Nadia Shouraboura as new Supervisory Board members. I am confident that Karl-Heinz’s professional experience will help X5 to continue improving its industry-leading formats in food retail, particularly on the proximity front.

"Nadia has a background of deep technology and supply chain expertise and a track record of bringing technology to the store, which we will leverage as our industry goes digital.

"These valuable additions to the Board are fully in line with our strategic priorities. Both individuals bring with them an obsession with serving customer needs.

"I would also like to say a heart-felt thank you to Christian Couvreux and Pawel Musial, who are both leaving the board after many years of service. Both Christian and Pawel played instrumental roles in driving the Company’s success during a pivotal time of transformation of our business, when we regained market leadership by making customers, stores and growth our key priorities. Their dedication and support to X5 Retail Group will be felt for many years to come."