O`KEY GROUP announces appointment of Operations Director

Pavel Lokshin’s career in retail began in 2001 at METRO Cash & Carry, where he took part in the launching of METRO business in Russia. For 12 years at METRO, Pavel Lokshin had different management positions, first as a Store Opening Director, and later as the METRO Cash & Carry Regional General Manager for South China. From 2013 to 2016, he held the CEO position at the K-Rauta Russia DIY chain, and from2016 to 2018, he was the CEO of Perekrestok Express.

As Operations Director of O`KEY Pavel Lokshin will be responsible for the management and effective work of the Sales Operations department.

OVERVIEW

O`KEY Group S.A. (LSE: OKEY, RAEX - 'ruA-') operates under two main formats: hypermarkets, under the 'O`KEY' brand and discounters, under the 'DA!' brand.

As at 19 February 2019, the Group operates 160 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 Group 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.

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

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