Investor Presentaiton

2 Why Detsky Mir Is Very Different from Market structure the Food Retail? DETSKY MIR RETAIL CHAIN 2016 17% Market share 2017 20% DETSKY MIR RETAIL CHAIN Leading Russian food retailers 8% (#1) n/a Competition for new locations Low High Gap #1 to #2 4.0x1 1.1x (Revenue 2016) ROIC 2016 61%2 18-29%4 Average dividend yield 6.8%3 2017 (cash flow basis) Source: Company data, Infoline, companies disclosures and reportings 1 Based on 2016 revenue for Korablik of RUB20.0 Bn (according to Ipsos Comcon) 2 Invested capital is adjusted for amounts receivable under a loan granted to CJSC "DM-Finance". Operating profit is adjusted for LTI expense 3 Calculated as dividend per share paid in 2017 (based on total dividends paid in 2017 of RUB4,767m, shares outstanding of 738.6m) divided by average share price in 2017 4 Includes Magnit, Lenta, X5 0-3.0%4 9

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