Update on accident in Ozerki hypermarket

Press Release

31.01.2011

OKEY GROUP S.A. releases update on accident in "Ozerki" hypermarket

OKEY announced today that as of 29 January 2011 the Group had re-opened 22 of 25 stores, which had been closed following the accident at its Ozerki hypermarket on 25 January 2011.

The Ozerki hypermarket, where the accident took place, will remain closed as an investigation continues into the causes of the collapse of the roof. The duration and cost of restoration work at the Ozerki store will be clear when the investigation committee determines the cause of the accident.

The two remaining stores will be opened as soon as possible once the safety inspection has been completed.The company has begun paying compensation to victims of the accident as planned.

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For further information please contact:

Maksim Kravtsov Maria Radina

Head of investor relations Head of public relations

Num. +7(495)6636677, ext. 220 Num. +7(495)6636677, ext. 189

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

www.okmarket.ru www.okmarket.ru