Notice of Results

NOTICE OF Q4 AND FULL YEAR 2016 FINANCIAL RESULTS

AND CONFERENCE CALL

Amsterdam, 21 March 2017 - X5 Retail Group N.V. ("X5" or "the Company"), a leading Russian food retailer (LSE ticker: "FIVE"), will publish its Q4 and Full Year 2016 financial results, as well as its Annual Report for 2016 on Monday, 27 March 2017.

The Company will host a conference call on the same day at 14:00 London time (16:00 Moscow time). Speakers on the call will be Igor Shekhterman, CEO and Dmitry Gimmelberg, CFO.

Dial-in details:

UK Free Call Number: 0800 6940257

UK Local Call Number: 0844 4933800

International Number: +44 1452 555566

Russia Free Call Number: 8 800 775-68-18

Russia Local Call-in Number: +7-499-677-1036

US Free Call Number: +1 (866) 966-9439

US Local Call Number: +1 (631) 510-7498

Conference ID: 91008632

Replay Details:

Russia Local Number: +7-499-677-10-64

International Replay Number: +44 1452 550000

UK Local Number: 0844 3386600

US Replay Number: +1 (866) 247-4222

The conference call replay will be available through April 3, 2017.

Note to Editors:

X5 Retail Group N.V. (LSE: FIVE, Fitch - 'BB', Moody's - 'Ba3', S&P - 'BB-') is a leading Russian food retailer. The Company operates several retail formats: the chain of proximity stores under the Pyaterochka brand, the supermarket chain under the Perekrestok brand, the hypermarket chain under the Karusel brand and Express convenience stores under various brands.

As of 31 December 2016, X5 had 9,187 Company-operated stores. It has the leading market position in both Moscow and St. Petersburg and a significant presence in the European part of Russia. Its store base includes 8,363 Pyaterochka proximity stores, 539 Perekrestok supermarkets, 91 Karusel hypermarkets and 194 convenience stores. The Company operates 35 DCs and 2,318 Company-owned trucks across the Russian Federation.

For the full year 2015, revenue totalled RUB 808,818 mln (USD 13,268 mln), Adjusted EBITDA reached RUB 59,413 mln (USD 975 mln), and net profit for the period amounted to RUB 14,174 mln (USD 233 mln). In 9M 2016, revenue totaled RUB 739,491 mln (USD 11,443 mln), EBITDA reached RUB 56,361 mln (USD 872 mln), and net profit amounted to RUB 19,874 mln (USD 308 mln).

X5's Shareholder structure is as follows: Alfa Group - 47.86%, founders of Pyaterochka - 14.43%, X5 Directors - 0.06%, treasury shares - 0.01%, free float - 37.64%.

Forward looking statements:

This announcement includes statements that are, or may be deemed to be, "forward-looking statements". These forward-looking statements can be identified by the fact that they do not only relate to historical or current events. Forward-looking statements often use words such as "anticipate", "target", "expect", "estimate", "intend", "expected", "plan", "goal", "believe", or other words of similar meaning.

By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances, a number of which are beyond X5 Retail Group N.V.'s control. As a result, actual future results may differ materially from the plans, goals and expectations set out in these forward-looking statements.

Any forward-looking statements made by or on behalf of X5 Retail Group N.V. speak only as at the date of this announcement. Save as required by any applicable laws or regulations, X5 Retail Group N.V. undertakes no obligation publicly to release the results of any revisions to any forward-looking statements in this document that may occur due to any change in its expectations or to reflect events or circumstances after the date of this document.