30 June 2020

X5 completes RUB 10 bn corporate bond offering

Moscow, 30June 2020 – X5 Retail Group N.V. ("X5" or the "Company"), a leading Russian food retailer that operates the Pyaterochka, Perekrestok and Karusel chains (LSE and MOEX ticker: "FIVE"), has successfully completed its 001P-12 series rouble-denominated bond offering in the amount of RUB 10 bn, issued by LLC X5 Finance.

The coupon rate for the bonds, which have a 3-year put option, was set at 5.65% p.a. The Company plans to use the proceeds to finance current expenses, including debt refinancing to improve the structure of its debt portfolio.

The offering was arranged by BCS Global Markets, Gazprombank, Credit Bank of Moscow, Raiffeisenbank, Sberbank CIB and Sovcombank, with Raiffeisenbank acting as the placement agent.

X5 Chief Financial Officer Svetlana Demyashkevich commented: "We managed to improve on our previous benchmark for the coupon rate and put option terms, which were achieved during our last placement in May. We thank our investors and the arrangers for participating in the issue."