Unaudited Operating Results for Q2&1H2012

Press Release

10.07.2012

OKEY GROUP S.A. announces unaudited operating results for Q2 and 1H 2012

O'KEY GROUP S.A. (the "Company" or "O'KEY"), one of the leading Russian food retailers, announces its unaudited operating results for Q2 and H1 2012.

Operating Highlights of the second quarter

·; Net Retail revenue increased by 23.5%

·; LFL traffic grew 1.2%

·; LFL average ticket increased by 2.8%

·; Selling area increased by 25.6% y-o-y in the first half of 2012.

Commenting on the results, O'KEY CEO Patrick Longuet said:

"Our sales demonstrated good growth during a relatively calm period in the consumer market. The Group's net retail revenue increased by 23.5% y-o-y in Q2 2012. The increase was driven by the growth in our selling space. On an LFL basis, store traffic continues to grow and growth in O'KEY's average ticket is in-line with the CPI rate of inflation in Russia."

"Following the high LFL progress recorded during the first quarter, over a low 2011 base, the second quarter saw continued growth in traffic despite returning to a more regular comparable base. In Q2 LFL traffic increased by 1.2% which corresponds to the growth in 2011. LFL average ticket increased in line with food inflation which stayed at around 2% during the quarter. We therefore reported LFL revenue growth of 4.0% in the second quarter."

"We opened 2 new stores in the second quarter which provided for a 25.6% y-o-y increase in the Group's selling space. We will continue to expand our network of stores in the third and fourth quarters of 2012, targeting an increase of 30% in our selling space for the full year of 2012."

Key operating results:

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COMPANY OVERVIEW

"O'KEY" is one of the largest retail chains in Russia. Its primary retail format is the modern Western European hypermarket under the "O'KEY" brand, complemented by "O'KEY - Express" supermarkets.

The Company opened its first hypermarket in St. Petersburg in 2002 and has demonstrated continuous growth ever since. As at 31 December 2011, O'KEY operated 71 stores in 17 cities across Russia: 42 hypermarkets with an aggregate selling space of approximately 308,000 square meters and 29 supermarkets with an aggregate trading space of approximately 38,000 square meters. As of 31 December 2011 OKEY employed more than 19,000 people.

In accordance with the audited consolidated financial statements for FY 2011, O'KEY's revenue was RUR 93,134 million, like-for-like revenue growth rate was 5.3% and its EBITDA margin was 8.1%.

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For further information please contact:

Maksim Kravtsov Artem Glushchenko

Head of Investor Relations Head of Public Relations

Num. +7(495)6636677, ext. 220 Num. +7(495)6636677, ext. 338

e-mail: [email protected] e-mail: [email protected]

www.okmarket.ru www.okmarket.ru