X5 Retail Regulatory News (FIVE)

X5 ANNOUNCES PRICING OF A DEBUT RUB 20 BILLION

INTERNATIONAL NOTE ISSUE

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Amsterdam, 12 April 2017 - X5 Finance B.V., a wholly owned subsidiary of X5 Retail Group N.V., together with X5 Retail Group N.V., a leading Russian food retailer (LSE ticker: "FIVE"), announce the pricing of a debut international note issue in the size of RUB 20 billion with maturity in April 2020 at an annual coupon rate of 9.25% paid semi-annually.

The notes will be issued by X5 Finance B.V. with guarantees from X5 Retail Group N.V., Trade House "PEREKRIOSTOK" JSC and "Agrotorg Limited Liability Company".

The closing and settlement are expected to be completed on 18 April 2017.

X5 Retail Group N.V. intends to use the net proceeds of the issue to refinance existing indebtedness.

The corporate ratings of X5 Retail Group N.V. are BB (Fitch) / Ba2 (Moody's) / BB (S&P). The issue is expected to be rated BB (Fitch) / BB (S&P).

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This announcement is not an offer of securities for sale in any jurisdiction. Any securities referred to herein have not been and will not be registered under the Securities Act or with any securities regulatory authority of any state or other jurisdiction of the United States and may not be offered or sold in the United States unless such securities are registered under the Securities Act or are offered and sold pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with state securities laws. Any offering of securities will be made by means of listing particulars (the "Listing Particulars") that will contain detailed information about the issuer and the guarantors.

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