Press Release 27 April 2018

O`KEY GROUP S.A. Annual General Meeting of the Shareholders decisions

O`KEY Group S.A. (LSE: OKEY, the 'Group' or the 'Company'), one of the leading food retailers in Russia, announces the decisions taken by its Annual General Meeting of the Shareholders at a meeting on 27 April 2018.

  • 1. To receive the statutory and the consolidated financial statements of the Company for the financial

  • year ended December 31, 2017.

  • 2. To receive the reports of the board of directors of the Company on the statutory and the

    consolidated financial statements of the Company for the accounting year ended December 31,

    2017.

  • 3. To receive the reports of the approved statutory auditor of the Company on the statutory and the

    consolidated financial statements of the Company for the accounting year ended December 31,

    2017.

  • 4. To approve the statutory financial statements of the Company for the financial year ended

    December 31, 2017.

  • 5. To approve the consolidated financial statements of the Company for the financial year ended

    December 31, 2017.

  • 6. To approve the results of the Company for the financial year ended December 31, 2017.

  • 7. To approve the compensation of the directors and officers of the Company for the financial year ended December 31, 2018 in an aggregate amount of up to USD 800'000 and to delegate to the board of directors of the Company the power to determine each director's and officers'

    compensation.

  • 8. To discharge the directors for the financial year ended December 31, 2017.

  • 9. To appoint PricewaterhouseCoopers, Société cooperative as approved statutory auditor of the

    Company, to hold office until the conclusion of the next Annual General Meeting.

  • 10. To authorise the board of directors of the Company to determine the remuneration of the approved statutory auditor of the Company.

  • 11. To approve the program of repurchase of own depositary receipts of the Company.

COMPANY OVERVIEW

O`KEY Group S.A. (LSE: OKEY, Fitch - 'B+') is one of the largest retail chains in Russia. The Company operates under two main formats: hypermarkets under the 'O`KEY' brand and discounters under the 'DA!' brand.

As at April 27, 2018, the Group operates 145 stores across Russia. The Group opened its first hypermarket in St. Petersburg in 2002 and has since demonstrated continuous growth. O`KEY is the first among Russian food retailers to launch and actively develop e-commerce operations in St. Petersburg and Moscow, offering a full range of hypermarket products for home delivery. The Company operates four distribution centres across the Russian Federation.

For the full year 2017, revenue totalled RUB 177,454,848 thousand, EBITDA reached RUB 9,334,993 thousand, and the net income for the period amounted to RUB 3,166,913 thousand.

O`KEY shareholder structure is as follows: NISEMAX Co Ltd - 50.95%, GSU Ltd - 29.52%, free float - 19.53%.

DISCLAIMER

These materials contain statements about future events and expectations that are forward-looking statements. These statements typically contain words such as "expects" and "anticipates" and words of similar import. Any statement in these materials that is not a statement of historical fact is a forward-looking statement that involves known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.

None of the future projections, expectations, estimates or prospects in this announcement should be taken as forecasts or promises nor should they be taken as implying any indication, assurance or guarantee that the assumptions on which such future projections, expectations, estimates or prospects have been prepared are correct or exhaustive or, in the case of the assumptions, fully stated in this announcement. We assume no obligations to update the forward-looking statements contained herein to reflect actual results, changes in assumptions or changes in factors affecting these statements.

For further information please contact:

Veronika Kryachko

Head of Investor Relations +7 495 663 6677 ext. 404

Veronika.Kryachko@okmarket.ruwww.okeyinvestors.ru

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O’Key Group SA published this content on 27 April 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 27 April 2018 12:19:04 UTC