Changes in Shareholder structure

Moscow, Russia, 2 May 2023 – Detsky Mir Group (“Detsky Mir” or the “Company”, MOEX: DSKY), a specialised retailer and the leader in the children’s goods sector in Russia and Kazakhstan, has been informed that Pavel Grachev and Mikhail Stiskin sold their stakes in the company to a consortium of investors led by Alexey Zuev, the founder of the retailer Korablik.

As of today, Mr. Zuev and his investor consortium collectively hold 29.9% of the Detsky Mir share capital. Mr. Grachev and Mr. Stiskin no longer execute any economic interest in respect to the Company, whether directly or indirectly.

As previously announced, Mr. Grachev and Mr. Stiskin have also resigned from the Board of Directors of the Company (“BoD” or “Board”) in October 2022 and February 2023, respectively. The incumbent Chairman of the BoD, Vladimir Klimanov, initially nominated by outgoing shareholders, will not be nominated as a candidate for the appointment to the Board at 2023 Annual General shareholders Meeting.

“I am confident that the Company is strongly positioned to bolster its market leadership and broad regional ambitions while our industry continues to evolve at a rapid pace.
Taking into account the Company’s well-established business model and its importance for the entire Russian children’s goods industry, I fully share the Company’s focus on organic growth and support its proposed transformation into a private business”, commented Mr Zuev.

For additional information:

Nikita Moroz

Investor Relations Director

Tel.: + 7 495 781 08 08, ext. 2315

NMoroz@detmir.ru

Natalya Rychkova

Head of Public Relations               

NRychkova@detmir.ru