Detsky Mir Expansion Strategy

Conservative financial policy Comments Leverage Q1'21 total debt - RUB 25.1 bn detsky mir 1.4x 33 998 36 831 24 259 24 042 24 259 24 042 ■ Commitment to a conservative financial policy - Fully RUB-denominated debt to match RUB revenue, mostly fixed rates Relationships with multiple Russian and international banks ■ Net debt / adj. EBITDA LTM ratio as of 31 March 2021 is 1.4 vs. 4.0x average covenant level across the loan portfolio (IAS 17) Decreased YoY thanks to CAPEX and NWC optimisation ▪ Weighted average interest rate(¹) – 6.6% (as of Q1'21) ■ No contingent off-balance sheet liabilities ■ Available undrawn credit limit of RUB 32.5 bn for refinancing of the current credit portfolio aiming at its further diversification Debt maturities as of 31 March 2021 1.6x Q1'20 (IAS 17) (RUB m) 5 777 2021 10 530 2022 Q1'21 (IAS 17) Net debt Lease liabilities Q1'20 (IFRS 16) Q1'21 (IFRS 16) Weighted average interest rate (1) Net debt/adj. EBITDA LTM (%) 9,3% 9,1% 8,9% 9,0% 8,8% 8,4% 8,5% 5780 8,0% 7,5% 7,4% 3 000 6,7% 6,6% 2023 2024 Q2'18 Q3'18 Q4'18 Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 (1) Calculated on the basis of the weighted interest rates applying to the specified indebtedness (weighted by the principal amount of such indebtedness) as of the dates specified. Source: Company data 35

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