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O'Key Group S.A. (OKEY.L)

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  • EQS Group

    O'KEY GROUP NET RETAIL REVENUE GROWS BY 1.9%, DA! DELIVERS 27% REVENUE GROWTH AND ONLINE SALES DOUBLE IN Q1 2021

    O'KEY Group S.A. (OKEY) 28-Apr-2021 / 08:45 CET/CEST Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. Press release 28 April 2021 O'KEY GROUP NET RETAIL REVENUE GROWS BY 1.9%, DA! DELIVERS 27% REVENUE GROWTH AND ONLINE SALES DOUBLE IN Q1 2021 O'KEY Group S.A. (LSE, MOEX: OKEY, the "Group" or the "Company"), one of Russia's leading food retailers, has announced its unaudited operating results for the first quarter (Q1) of 2021. All materials published by the Group are available on its website www.okeygroup.lu. Q1 2021 operating highlights Group net retail revenue[1] increased by 1.9% YoY to RUB 43,232 mln in Q1 2021, driven by DA! discounters' revenue growth. DA! discounters delivered a 27.0% YoY net retail revenue growth to RUB 7,214 mln in Q1 2021. This was led by a 14.2% LFL net retail revenue increase and a 15.8% YoY expansion of selling space in Q1 2021. Net retail revenue at O'KEY hypermarkets declined by 2.0% YoY to RUB 36,019 mln in Q1 2021, primarily due to a high comparable base of March 2020 caused by a pandemic-related spike in consumer demand and a stockpiling trend for certain food and non-food products. The Group's online sales grew by 110.6% YoY to RUB 984 mln in Q1 2021 and reached 2.7% of O'KEY's net retail revenue. The Group expects that the discounters and online business will continue to lead the total growth and confirms its expansion plans of 35 to 40 DA! store openings in 2021. Armin Burger, Chief Executive Officer at O'KEY Group, commented: "We are satisfied with the Group's operational results in the first quarter of 2021, especially given the challenging comparables from March 2020, with its panicked surge in consumer demand amid the introduction of pandemic restrictions." "DA! discounters continued to lead our overall growth and achieved nearly 17% of the Group's revenue in Q1 2021. DA! delivered a solid top-line performance, showing a 27.0% year-on-year increase in net retail revenue and a 14.2% LFL growth, in spite of a very high base of 2020. The success of our discounter business is at the heart of our expansion plans: as we have previously reported, we intend to open from 35 to 40 new stores in 2021. We remain focused on keeping our internal operations highly efficient, and further improving the product range and supply to strengthen our market position and boost profitability." "We are definitely pleased with the operational results demonstrated by O'KEY hypermarkets in the first quarter of 2021, which, keeping in mind the base effect of March 2020, came above our expectations. Our focus on fresh offer and own production, well-chosen product range at competitive prices, and high level of service underpin our ability to retain customer loyalty even in a tough and fast-changing market environment. We are successfully rolling out our recently launched hypermarket concept and will have up to five O'KEY stores modernised by the end of 2021, with the remaining hypermarkets to follow suit in the medium term." "We have been capitalising on current market trends and continue to build up our e-commerce platform and to expand the brand's digital presence, developing an omni-channel shopping environment and partnering with delivery operators. The Group's online revenue more than doubled year-on-year, reaching 2.7% of O'KEY's revenue in the first quarter of 2021." "The proven resilience and stability of the Group's well-balanced business model based on modern hypermarkets, efficient and fast-growing discounters and an advanced online platform gives us every confidence in our outlook for 2021: we expect a low-single-digit LFL increase at O'KEY and a continuous double-digit LFL growth at DA!." Operating review Group Net Retail Revenue for Q1 2021 Net Retail Revenue, RUB mln (excl. VAT) Q1 2021 Q1 2020 YoY, % O'KEY Group 43,232 42,426 1.9% O'KEY hypermarkets 36,019 36,744 (2.0%) DA! discounters 7,214 5,683 27.0% Group LFL Net Retail Revenue Dynamics for Q1 2021 LFL Net Retail Revenue, % Q1 2021 vs. Q1 2020 Net retail revenue Traffic Average ticket O'KEY Group (0.3%) (11.7%) 13.0% O'KEY hypermarkets (2.5%) (14.2%) 13.7% DA! discounters 14.2% (3.6%) 18.4% Note: Q1 2021 LFL metrics calculated based on 76 O'KEY and 95 DA! stores. Group Net Retail Revenue Monthly Metrics for Q1 2021 January February[2] March Q1 2021 Net retail revenue, % YoY O'KEY Group 7.0% 3.1% (3.1%) 1.9% O'KEY hypermarkets 2.2% (1.4%) (5.9%) (2.0%) DA! discounters 40.8% 32.7% 13.2% 27.0% Customer traffic, % YoY O'KEY Group (10.3%) (13.3%) (3.6%) (9.0%) O'KEY hypermarkets (15.9%) (18.8%) (7.8%) (14.1%) DA! discounters 9.7% 4.9% 9.2% 8.0% Average ticket, % YoY O'KEY Group 19.3% 18.9% 0.5% 12.0% O'KEY hypermarkets 21.5% 21.4% 2.1% 14.1% DA! discounters 28.3% 26.5% 3.7% 17.6% The Group's LFL net retail revenue remained almost flat YoY, showing a slight decline of 0.3%, while net retail revenue rose by 1.9% YoY to RUB 43,232 mln in Q1 2021. DA! delivered a 27.0% YoY increase in net retail revenue to RUB 7,214 mln in Q1 2021, driven by a 14.2% LFL revenue growth and a 15.8% YoY selling space expansion. Net retail revenue at O'KEY hypermarkets declined by 2.0% YoY to RUB 36,019 mln in Q1 2021, and LFL revenue decreased by 2.5% YoY. That was mainly due to a high comparable base of March 2020, when we saw extraordinarily strong demand for some product categories which consumers tended to stockpile in the face of the COVID-related restrictions and lockdown. In Q1 2021, O'KEY continued to work on improving its customer proposition. The high quality of 'ultra-fresh' and 'fresh' products and own production remained our key focus, with these products accounting for over 50% of O'KEY's revenue in Q1 2021. O'KEY is also reviewing its private label range to improve product quality and to relaunch packaging and design, aiming to increase sales and profitability in each category. The O'KEY and DA! chains collaborate to unlock potential synergies in own brands expertise, product development and supply. The share of private labels amounted to 7.2% of O'KEY's net retail revenue, and to 50.3% of the discounters' net retail revenue in Q1 2021. The Group continued transforming its hypermarkets to further improve customer service and shopping experience. By the end of 2021, the Group will have from four to five O'KEY hypermarkets modernised in line with the new concept. In 2020, the Group expanded online operations for its hypermarkets across all regions of their presence through partnerships with delivery operators. The Group continues to further develop its own e-commerce platform, with a particular focus on the key cities of Moscow and St. Petersburg. In Q1 2021, the revenue from the online business grew by 110.6% YoY to RUB 984 mln. Group Stores and Selling Space Dynamics in Q1 2021 Stores and Selling Space Q1 2021 Q1 2020 Net change Change (%) Number of stores, EoP 195 178 17 9.6% O'KEY hypermarkets 77 78 (1) (1.3%) DA! discounters 118 100 18 18.0% Total selling space (sq m), EoP 599,536 598,308 1,228 0.2% O'KEY hypermarkets 519,369 529,055 (9,686) (1.8%) DA! discounters 80,167 69,253 10,914 15.8% In Q1 2021, the number of stores remained unchanged, and, as of March 31, 2021, the Group operated 77 O'KEY hypermarkets and 118 DA! discounters, with a total selling space of 599,536 sq m. The Group plans to open from 35 to 40 DA! stores in 2021. For further information please contact: For investors Natalya Belyavskaya Head of Investor Relations +7 495 663 6677 ext. 266 Natalya.Belyavskaya@okmarket.ru www.okeygroup.lu For media Alla Golovatenko Public Relations Manager +7 495 663 6677 ext. 496 alla.golovatenko@okmarket.ru www.okeygroup.lu ABOUT O'KEY GROUP As of March 31, 2021, the Group operated 195 stores across Russia (77 hypermarkets and 118 discounters) with total selling space of 599,536 square meters. The company opened its first hypermarket in St. Petersburg in 2002 and has since demonstrated continuous growth. O'KEY was the first Russian food retailer to launch e-commerce operations in St. Petersburg and Moscow, offering a full range of hypermarket products for home delivery. The Group has six e-commerce pick-up points in Moscow and six e-commerce pick-up points in St. Petersburg. In 2015, the Group launched the first discount chain in Russia under the DA! brand. The Group operates five distribution centres in Russia - three in Moscow and two in St. Petersburg. The Group employs more than 20,000 people. In 2020, Group's revenue amounted to RUB 174.3 billion, while EBITDA reached RUB 14.8 billion. The O'KEY shareholder structure is as follows: NISEMAX Co Ltd - 44.84%, GSU Ltd - 29.53%, free float - 25.63%. 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. [1] Hereinafter, net retail revenue, LFL net retail revenue, and the average ticket metrics are provided net of VAT. [2] Note: February year-on-year sales dynamics is not adjusted for a leap-year effect, i.e. there was an additional trading day in February 2020 compared to February 2021. ISIN: US6708662019 Category Code: QRF TIDM: OKEY LEI Code: 213800133YYU23T4L791 Sequence No.: 101565 EQS News ID: 1189578 End of Announcement EQS News Service

  • EQS Group

    O'KEY GROUP ANNOUNCES 6.0% NET RETAIL REVENUE GROWTH IN Q4 2020

    O'KEY Group S.A. (OKEY) 28-Jan-2021 / 06:00 CET/CEST Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. Press release 28 January 2021 O'KEY GROUP ANNOUNCES 6.0% NET RETAIL REVENUE GROWTH IN Q4 2020 O'KEY Group S.A. (LSE, MOEX: OKEY, the "Group" or the "Company"), one of Russia's leading food retailers, today announces its unaudited operating results for the fourth quarter (Q4) and the twelve months (12M) of 2020. All materials published by the Group are available on its website www.okeygroup.lu. Q4 2020 operating highlights Group net retail revenue1 rose by 6.0% YoY to RUB 48,939 mln in Q4 2020, mainly as a result of like-for-like (LFL) net retail revenue growth, supported by DA! selling space expansion. Group LFL net retail revenue increased by 4.2% YoY in Q4 2020, driven by growth in both DA! and O'KEY chains. Net retail revenue at O'KEY hypermarkets increased by 1.6% YoY to RUB 41,808 mln in Q4 2020 on the back of a 1.8% YoY LFL net retail revenue growth. DA! discounters demonstrated a 42.2% YoY net retail revenue growth, reaching RUB 7,131 mln in Q4 2020. This came on the back of a 23.5% LFL net retail revenue increase and a 15.1% YoY expansion of selling space in Q4. In line with the previously announced forecast, the Group opened 13 DA! stores (net of closures) in Q4, increasing its total number of DA! stores to 118 by the end of 2020. The Group expects that discounters will remain the main driver of growth going forward. 1 Hereinafter, net retail revenue, LFL net retail revenue, and the average ticket metrics are provided net of VAT. 12M 2020 operating highlights Group net retail revenue increased by 5.9% YoY to RUB 172,738 mln in 12M 2020, driven primarily by a 5.4% YoY LFL increase in net retail revenue. Net retail revenue for DA! discounters grew by 45.3% YoY to RUB 25,950 mln in 12M 2020 as a result of a 27.8% LFL net retail revenue growth and a 15.8% increase in selling space. The discounter's share of Group net retail revenue reached 15% in 12M 2020. O'KEY hypermarkets' LFL net retail revenue rose by 2.5% YoY in 12M 2020. This resulted in a net retail revenue increase of 1.0% YoY to RUB 146,788 mln. Sales via O'KEY's delivery platform increased by 28.4% YoY in 12M 2020, reaching 3.7% of O'KEY's net retail revenue in Moscow and 2.1% in St.-Petersburg. Q4 2020 - Key Events On December 14, the Group listed its GDRs on the Moscow Exchange, aiming to expand its investor base and boost liquidity. The Group intends to maintain its initial listing on the London Stock Exchange, where O'KEY's GDRs have traded since 2010. The full text of the announcement is available at https://okeygroup.lu/press-center/press-releases/2020/1736/ In December, the Company expanded its online delivery operations to 20 more Russian cities. As a result, O'KEY now offers delivery in all of its main regions of operation. The full text of the announcement is available at https://okeygroup.lu/press-center/press-releases/2020/1740/ Armin Burger, Chief Executive Officer at O'KEY Group, commented: "We are pleased with our results in what has been such a challenging year. Our business model, combining modern hypermarkets, uniquely positioned discounters and a developed online platform, proved its flexibility and resilience in a turbulent macroeconomic environment caused by the pandemic. In 12M 2020, the Group's net retail revenue rose by 5.9% YoY, with a solid LFL growth of 5.4%." "DA! discounters reached a 15% share of the Group's revenue in 12M 2020 and continued to lead the Group's performance. With its strong value-for-money proposition, carefully selected product offering based on the 'fresh' and own brands portfolio, and focus on 'everyday low prices', DA! continued to capitalize on a growing long-term trend towards cost-conscious consumption. In 12M 2020, DA! showed record top-line growth for the last three years - net retail revenue rose by 45.3% YoY, with an impressive 27.8% LFL increase driven by both basket and traffic growth." "O'KEY hypermarkets demonstrated a 2.5% LFL revenue increase in 12M 2020, enjoying customer loyalty thanks to a well-balanced product range with a particular focus on freshness, competitive prices, a high level of service, and a safe shopping environment. As we mentioned earlier, we are implementing a transformation program across our hypermarkets, aiming to anticipate market trends and further increase our attractiveness to customers in a fast-changing consumer environment." "To meet growing customer demand for multi-channel shopping, we have substantially increased both our online capacity and speed of delivery through the e-commerce platform. Sales through our delivery service rose by around 30% YoY and reached 1.6% of O'Key's revenue in 12M 2020. We see great potential for further development and continue to invest in our own e-commerce business focusing, first of all, on Moscow and St.-Petersburg as key cities of our presence." "In December 2020, the Group successfully listed its GDRs on the Moscow Exchange while maintaining its primary listing on the London Stock Exchange. As a Group, we are focused on creating value for our customers, partners and shareholders, and the Moscow listing is another important step to diversify our investor base, improve the liquidity of our shares and allow our performance to be better reflected in the Group's market valuation." Operating review Group Net Retail Revenue for Q4 and 12M 2020 Net Retail Revenue, RUB mln (excl. VAT) Q4 2020 Q4 2019 YoY, % 12M 2020 12M 2019 YoY, % O'KEY Group 48,939 46,152 6.0% 172,738 163,154 5.9% O'KEY hypermarkets 41,808 41,136 1.6% 146,788 145,298 1.0% DA! discounters 7,131 5,016 42.2% 25,950 17,856 45.3% Group Like-for-Like Net Retail Revenue Dynamics for Q4 and 12M 2020 LFL Net Retail Revenue, % Q4 2020 vs. Q4 2019 12M 2020 vs. 12M 2019 Net retail revenue Traffic Average ticket Net retail revenue Traffic Average ticket O'KEY Group 4.2% (12.5%) 19.0% 5.4% (10.7%) 18.0% O'KEY hypermarkets 1.8% (15.7%) 20.7% 2.5% (14.2%) 19.5% DA! discounters 23.5% (0.6%) 24.3% 27.8% 2.2% 25.1% Note: Q4 and 12M 2020 LFL metrics calculated based on 76 O'KEY and 90 DA! stores. Group Net Retail Revenue Monthly Metrics for Q4 2020 Oct Nov Dec Q4 2020 12M 2020 Net retail revenue, % YoY O'KEY Group 6.4% 1.1% 9.3% 6.0% 5.9% O'KEY hypermarkets 2.0% (4.0%) 5.3% 1.6% 1.0% DA! discounters 39.2% 41.8% 45.4% 42.2% 45.3% Customer traffic, % YoY O'KEY Group (8.1%) (11.5%) (9.8%) (9.8%) (9.2%) O'KEY hypermarkets (14.5%) (18.3%) (15.6%) (16.1%) (15.7%) DA! discounters 15.1% 13.9% 13.8% 14.2% 15.8% Average ticket, % YoY O'KEY Group 15.8% 14.3% 21.2% 17.6% 16.6% O'KEY hypermarkets 19.4% 17.6% 24.9% 21.2% 19.8% DA! discounters 21.0% 24.5% 27.8% 24.7% 25.5% Group net retail revenue increased by 6.0% YoY to RUB 48,939 mln in Q4 2020, and by 5.9% YoY in 12M 2020, reaching RUB 172,738 mln. This was mainly driven by LFL net retail revenue growth across both store formats. Group LFL net retail revenue grew by 4.2% YoY in Q4 2020, and by 5.4% YoY in 12M 2020. The DA! demonstrated a 42.2% YoY increase in net retail revenue to RUB 7,131 mln in Q4 2020, and a 45.3% YoY rise to RUB 25,950 mln in 12M 2020. LFL net retail revenue for DA! discounters rose by 23.5% in Q4 2020, and by 27.8% in 12M 2020. Both LFL ticket and traffic also experienced positive growth in 12M 2020. Own brands' share of DA! revenue stood close to 50% in 12M 2020. In 2020, 18 DA! stores were opened (net of closures), an 18% YoY increase. The Group sees discounters as a major growth contributor to its top- and bottom-line performance in both the medium and long term. Net retail revenue at O'KEY hypermarkets increased by 1.6% YoY to RUB 41,808 mln in Q4 2020, led by a 1.8% growth in YoY LFL net retail revenue. This was partially offset by a decrease in selling space due to the closure of two O'Key stores in 12M 2020. In 12M 2020, O'KEY net retail revenue rose by 1.0% YoY to RUB 146,788 mln, on the back of a 2.5% increase in LFL net retail revenue. Starting from Q2 2020 and till the year end, we observed changes in consumer behavior caused by the pandemic. The customers shopped less frequently, but tended to stockpile in order to minimise visits. In Q4 2020, O'KEY LFL traffic was down by 15.7% YoY, while the average LFL ticket rose by 20.7% driven mainly by more items per basket. As a result, O'KEY LFL net retail revenue increased by 1.8% YoY in Q4 2020. As expected, December saw strong customer demand, and net retail revenue growth accelerated across both O'KEY and DA! formats, hitting 5.3% YoY and 45.4% YoY respectively. In 2020, O'KEY continued to enhance its customer proposition. Ensuring the high quality of our 'ultra-fresh' and 'fresh' product ranges and of our own production remained our key priority. These products' share of total revenue exceeded 45% in 12M 2020. The share of private labels increased by 1.0 pp YoY, amounting to 8.7% of O'KEY retail revenue in Q4 2020. The Group is transforming its hypermarkets to further enhance the competitiveness of O'KEY stores. At the end of the last year, the Company released a new concept for its O'KEY stores aimed at further improving product offerings and the shopping experience, as well as better utilising selling space. The first re-designed store opened in the Europolis shopping mall in Moscow. The Group plans to gradually upgrade O'KEY stores in line with this new concept. To address the increased consumer demand for online shopping, the Group has significantly enhanced operational capacity and functionality of its e-commerce platform over the last year. In addition, it has launched a 90-minute express delivery and, among other things, upgraded its mobile application with additional omni-channel features. Sales via O'KEY's delivery platform increased by 28.4% YoY in 12M 2020, reaching 3.7% in Moscow and 2.1% in St. Petersburg. In 2020, in addition to its own delivery service in Moscow and St. Petersburg, the Group expanded its online operations across all the major cities of its footprint. This was achieved via partnerships with leading nation-wide delivery operators. The Group plans to continue developing its own e-commerce platform, with a particular focus on the key cities of Moscow and St. Petersburg. Group Stores Expansion in 12M 2020 Stores and Selling Space 12M 2020 12M 2019 Net change Change (%) Number of stores, EoP 195 178 17 9.6% O'KEY hypermarkets 77 78 (1) (1.3%) DA! discounters 118 100 18 18.0% Total selling space (sq. m.), EoP 599,536 598,308 1,228 0.2% O'KEY hypermarkets 519,369 529,055 (9,686) (1.8%) DA! discounters 80,167 69,253 10,914 15.8% In 2020, the Company opened one O'KEY hypermarket in St. Petersburg and closed two - in Stavropol and Volgograd. In addition, in-line with our transformational strategy, we optimized selling space of the hypermarket relaunched under the new concept. As a result, total O'KEY selling space was down YoY by 9.7 thousand sq. m (or 1.8%), as of December 31, 2020. In 2020, the Group opened 18 DA! Stores (net of closures), in line with the previously announced forecast. This increased selling space by 15.8% YoY, as of December 31, 2020. As of December 31, 2020, the Group operated 77 O'KEY stores and 118 DA! discounters, with a total selling space of 599,536 sq. m. For further information please contact: For investors Natalya Belyavskaya Head of Investor Relations +7 495 663 6677 ext. 266 Natalya.Belyavskaya@okmarket.ru www.okeygroup.lu For media Alla Golovatenko Public Relations Manager +7 926 169 9117 alla.golovatenko@okmarket.ru www.okeygroup.lu ABOUT O'KEY GROUP O'KEY Group S.A. (LSE, MOEX: OKEY, RAEX - 'ruA-') is one of the leading grocery retailers in Russia, operating hypermarkets under the O'KEY brand and discounters under the DA! brand. As of December 31, 2020, the Group operated 195 stores across Russia (77 hypermarkets and 118 discounters) with total selling space of 599,536 square meters. The company opened its first hypermarket in St. Petersburg in 2002 and has since demonstrated continuous growth. O'KEY was the first Russian food retailer to launch e-commerce operations in St. Petersburg and Moscow, offering a full range of hypermarket products for home delivery. The Group has six e-commerce pick-up points in Moscow and six e-commerce pick-up points in St. Petersburg. In 2015, the Group launched the first discount chain in Russia under the DA! brand. The Group operates five distribution centres in Russia - three in Moscow and two in St. Petersburg. The Group employs more than 20,000 people. In 2019, Group's revenue amounted to RUB 165.1 billion, while EBITDA reached RUB 14.1 billion and net income climbed to RUB 747 million. The O'KEY shareholder structure is as follows: NISEMAX Co Ltd - 44.79%, GSU Ltd - 29.52%, free float - 25.69%. 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. ISIN: US6708662019 Category Code: MSCH TIDM: OKEY LEI Code: 213800133YYU23T4L791 Sequence No.: 92427 EQS News ID: 1163847 End of Announcement EQS News Service

  • EQS Group

    O'KEY GROUP GDRs START TRADING ON MOSCOW EXCHANGE

    O'KEY Group S.A. (OKEY) 14-Dec-2020 / 08:00 CET/CEST Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. Press release14 December 2020 O'KEY GROUP GDRs START TRADING ON MOSCOW EXCHANGE O'KEY Group S.A. (LSE, MOEX: OKEY, the "Group" or the "Company"), one of Russia's leading food retailers, today announces the start of trading of its Global Depositary Receipts (the "GDRs") on Moscow Exchange. The GDRs trade under the ticker "OKEY" and are included in Moscow Exchange's Level 1 quotation list. Renaissance Capital is acting as market maker for the Group's GDRs on Moscow Exchange. The Group will continue to maintain its primary listing on the London Stock Exchange, where O'KEY's GDRs have traded since 2010. Armin Burger, CEO of O'KEY Group, said: "The listing of our GDRs on Moscow Exchange is an important milestone for O'KEY that will expand the Company's investor base and boost the liquidity of O'KEY's traded securities. We are pleased that our customers, who are well acquainted with O'KEY and DA! brands, can now become our shareholders by acquiring the Company's GDRs on the largest Russian stock exchange. O'KEY Group continues to expand its business and maintain a strong financial position on the back of a high-quality business model that leverages the synergies of the next-generation O'KEY hypermarket format, modern DA! discounters and one of the leading online food retail platforms in Russia. Our team sees significant potential for further growth of the Group's business and is committed to delivering shareholder value." Oleg Viyugin, Chairman of the Supervisory Board of Moscow Exchange, said: "This year, Moscow Exchange has attracted a dozen new listings from across various sectors of the Russian economy. The emergence of these new issuers is changing the structure of the Russian market, and increasing the share of companies from non-extractives industries. Today, we are pleased to welcome O'KEY, one of the largest food retailers in Russia, to Moscow Exchange. This offers an additional opportunity for the more than eight million Russian individual investors who trade on Moscow Exchange to further diversify their portfolios. We wish O'KEY every success as a public company on Moscow Exchange." All materials published by the Group are available on its website, okeygroup.lu. For further information please contact: For investors Natalya BelyavskayaHead of Investor Relations+7 495 663 6677 ext. 266Natalya.Belyavskaya@okmarket.ruwww.okeygroup.lu For media Peter MorleyEM +43 676 684 5252morley@em-comms.com ABOUT O'KEY GROUP O'KEY Group S.A. (LSE, MOEX: OKEY, RAEX - 'ruA-') is one of the leading grocery retailers in Russia, operating hypermarkets under the O'KEY brand and discounters under the DA! brand. As of September 30, 2020, the Group operated 182 stores across Russia (77 hypermarkets and 105 discounters) with total selling space of 591,352 square meters. The company opened its first hypermarket in St. Petersburg in 2002 and has since demonstrated continuous growth. O'KEY was the first Russian food retailer to launch e-commerce operations in St. Petersburg and Moscow, offering a full range of hypermarket products for home delivery. The Group has six e-commerce pick-up points in Moscow and six e-commerce pick-up points in St. Petersburg. In 2015, the Group launched the first discount chain in Russia under the DA! brand. The Group operates five distribution centres in Russia - three in Moscow and two in St. Petersburg. The Group employs more than 20,000 people. In 2019, Group's revenue totalled RUB 165.1 billion, while EBITDA reached RUB 14.1 billion and net income climbed to RUB 747 million. The O'KEY shareholder structure is as follows: NISEMAX Co Ltd - 44.79%, GSU Ltd - 29.52%, free float - 25.69%. ABOUT MOSCOW EXCHANGE GROUP Moscow Exchange Group operates Russia's main trading platform for equities, bonds, derivative instruments, currencies, money market instruments and commodities. The Group includes the central securities depository (National Settlement Depository), and a clearing center (National Clearing Centre), performing the functions of central counterparty on the markets, which allows Moscow Exchange to offer its clients the full spectrum of trading and post-trading services. Moscow Exchange held the initial public offering of its shares on 15 February 2013 (ticker MOEX). 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 2 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. * * * ISIN: US6708662019 Category Code: MSCH TIDM: OKEY LEI Code: 213800133YYU23T4L791 Sequence No.: 89598 EQS News ID: 1154784 End of Announcement EQS News Service