X5 posts Q1 results

Consolidated net retail sales increased 4.4% year-on-year (y-o-y) in Rouble (RUR) terms to
RUR 116,879 million (mln) and 0.9% in US Dollar (USD) terms to USD 3,862 mln;

Sales increase from organic expansion was  8.3% in RUR terms while  like-for-like (LFL)
sales declined by 3.9%;

137 stores added on net basis,  including  126 soft discounters, seven supermarkets,  16
convenience stores and 12 store closures;

Net addition of 42 thousand square meters (sq. m.) in selling space;

Online retail business launched under “E5.ru” brand.