The X5 Supervisory Board recommends extending the contract of the company’s Chief Executive Officer

22 September 2022 – X5 Retail Group N.V. (“X5” or the “Company”, LSE and MOEX ticker: FIVE), a leading Russian food retailer that operates the Pyaterochka, Perekrestok and Chizhik retail chains, announces the decision of the Supervisory Board to recommend the extension of the contract of the Chief Executive Officer and member of the Management Board Igor Shekhterman for a new two-year term ending on the day of the AGM in 2025. Thus, after approval by the AGM, CEO Igor Shekhterman and President Ekaterina Lobacheva will continue to head the company until 2025.