4 February 2019

X5 places RUB 5 bln in corporate bonds

Moscow, 4February 2019 – X5 Retail Group N.V. ("X5" or the "Company"), a leading Russian food retailer (LSE and MOEX ticker: FIVE), announces the placement of RUB 5 bln in rouble-denominated series 001P-04 bonds issued by LLC X5 Finance.

The coupon rate on the bonds, which have a put option after 2.5 years, has been set at 8.5% p.a. The Company plans to use the proceeds from the issue to finance its current operations, including loan refinancing to improve the structure of the loan portfolio.

The offering was arranged by BCS Global Markets, BK REGION, Credit Bank of Moscow, Gazprombank, and Raiffeisenbank.

The placement agent was Raiffeisenbank.

X5 Retail Group CFO Svetlana Demyashkevich commented: "We are pleased with the results of this bond issue and would like to thank the arrangers and our investors. X5 has reached the lowest coupon rate among all local market placements since the beginning of the year."​