Moscow, 5 November 2024 — PJSC X5 Corporate Center (the “Company”), a leading Russian food retailer operating the Pyaterochka, Perekrestok, and Chizhik retail chains, announces that it has received a claim from X5 Retail Group N.V. seeking compensation [in the amount of the market value of the Company’s shares that were not distributed among individuals who became direct owners of Company shares] in accordance with Article 7, Clause 15 of Russian Federal Law No. 470-FZ dated 04.08.2023 concerning the possible distribution of ownership interests in Russian entities to their ultimate owners (the “Law”). In accordance with the requirements established by the Law and its by-laws, the Company is obliged to pay compensation within three months from the date of receipt of the claim.
The Company confirms its readiness for such a payment after receiving the necessary regulatory approvals.