Detsky Mir’s Board of Directors Elected Chairwoman and Committee Members

Moscow, Russia, 18 March 2021 – The Board of PJSC Detsky Mir (“Detsky Mir” or the “Company”, MOEX: DSKY), elected Maria Gordon as Chairwoman of the Board of Directors of the Company. Pavel Grachev was elected as Deputy Chairman of the Company’s Board.

The Board of Directors appointed committee members as follows.

Strategy and Sustainability Committee

1. Grachev, Pavel Sergeevich – Chairman of the Committee;
2. Anischenko, Andrey Anatolievich (independent director);
3. Davydova, Maria Sergeevna (CEO of the Company);
4. Foss, Michael (independent director);
5. Gordon, Maria Vladimirovna (independent director);
6. Kotomkin, Stanislav Valerievich (independent director);
7. Maher, Tony;
8. Stiskin, Mikhail Borisovich.

Audit Committee

1. Foss, Michael (independent director) – Chairman of the Committee;
2. Gordon, Maria Vladimirovna (independent director);
3. Shevchuk, Alexander Viktorovich (independent director).

Nomination and Remuneration Committee

1. Gordon, Maria Vladimirovna (independent director) – Chairwoman of the Committee;
2. Anischenko, Andrey Anatolievich (independent director);
3. Shevchuk, Alexander Viktorovich (independent director).

For additional information:

 Julia Polikarpova        

Head of Public Relations        

Tel.: +7 495 781 08 08, ext. 2041        

upolikarpova@detmir.ru

Sergey Levitskiy

Head of Investor Relations

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

slevitskiy@detmir.ru

Detsky Mir’s Shareholders Elect New Board of Directors

Moscow, Russia, 15 March 2021 – PJSC Detsky Mir (“Detsky Mir” or the “Company”, MOEX:  DSKY), announces the results of its Extraordinary General Meeting of Shareholders (EGM), which took place on 12 March 2021.

Detsky Mir’s shareholders have elected a new Board of Directors, composed of five independent directors, four representatives of majority shareholder Gulf Investments Limited (Altus Capital), and one non-executive director:

1. Anischenko, Andrey Anatolievich (independent director, new to the Board) – entrepreneur and investor in digital education services and marketing;
2. Foss, Michael (independent director, new to the Board) – co-founder and member of the Board of Directors of Independent Pet Partners Holdings LLC (a U.S. pet supplies retail chain);
3. Gordon, Maria Vladimirovna (independent director, new to the Board) – member of the Supervisory Board of PJSC Moscow Exchange, member of the Board of Directors of PJSC Polyus and member of the Supervisory Board of PJSC ALROSA;
4. Grachev, Pavel Sergeevich (new to the Board) – CEO of PJSC Polyus;
5. Klenov, Dmitry (new to the Board) – Director of UFG Investment Services Limited, Director of Altus Capital Management Limited;
6. Klimanov, Vladimir Gennadievich (new to the Board) – Investment Director of Veta Capital Partners LLC;
7. Kotomkin, Stanislav Valerievich (independent director) – co-founder of AMF – International Flowers Delivery Network;
8. Maher, Tony – Chairman of the Board of Directors of PJSC Progress, member of the Board of Directors of MD Medical Group;
9. Shevchuk, Alexander Viktorovich (independent director) – Executive Director of Association of Institutional Investors (API);
10. Stiskin, Mikhail Borisovich (new to the Board) – Deputy CEO for Economics and Finance of PJSC Polyus, Senior Vice President for Finance and Strategy of Managing Company Polyus LLC.

The Chairperson of the Board of Directors, as well as members of the Board committees will be determined at the next meeting of the Board.

The EGM also approved the amended Regulations on Remuneration and Compensation Paid to the Members of the Company’s Board of Directors. In accordance with the new version of the document, all Board members will be remunerated, with the exception of the Company’s executive body members.

For additional information:

 Julia Polikarpova        

Head of Public Relations        

Tel.: +7 495 781 08 08, ext. 2041        

upolikarpova@detmir.ru

Sergey Levitskiy

Head of Investor Relations

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

slevitskiy@detmir.ru

Amendments to the Final List of Candidates to the New Board of Directors

Moscow, Russia, 17 February 2021 – The Board of Directors of PJSC Detsky Mir (“Detsky Mir” or the “Company”, MOEX: DSKY) amended the final list of candidates to the new Board of Directors due to the withdrawal of David Rönnberg’s consent to be elected to the new Board.

At its meeting held on 17 February 2021, the Board of Directors resolved to exclude David Rönnberg from the list of candidates set to be voted upon at PJSC Detsky Mir’s Extraordinary General Meeting of Shareholders due to the withdrawal of consent to be elected to the Board of Directors of the Company. 

The final list of candidates to the new Board of Directors of the Company set to be voted upon at the Extraordinary General Meeting of Shareholders is presented below.

Candidates nominated by the Board of Directors:

1. Pavel Boyarinov, incumbent independent director
2. Maria Davydova, incumbent executive director
3. Stanislav Kotomkin, incumbent independent director
4. Tony Maher, incumbent non-executive director
5. Alexander Shevchuk, incumbent independent director
6. Andrey Anishchenko, independent director
7. Maria Gordon, independent director
8. Michael Foss, independent director

Candidates nominated by Gulf Investments Limited (shareholder owning 25% of the Company voting shares):

9. Pavel Grachev, non-executive director
10. Mikhail Stiskin, non-executive director
11. Dmitry Klenov, non-executive director
12. Vladimir Klimanov, non-executive director

The date, time and venue of the Extraordinary General Meeting of Shareholders remained unchanged.

Materials for the Extraordinary General Meeting of Shareholders, including information on the candidates, are available on the Company’s website (ir.detmir.ru), Interfax’s website (e-disclosure.ru) and upon request to the Company’s Corporate Secretary Office: 3 Third Nizhnelikhoborskiy Proezd, Bld. 6, Moscow, 127238, Russia.

For additional information:

Detsky Mir Group (MOEX: DSKY) is a multi-format digital retailer and the leader in the children’s goods sector in Russia and Kazakhstan, as well as a significant player in Belarus. The Group comprises the Detsky Mir and the Detmir Pickup retail chains, the detmir.ru online store and marketplace, as well as the Zoozavr pet supplies retail chain. The Company operates a retail chain of 832 Detsky Mir stores located in 331 cities in Russia, Kazakhstan and Belarus, 16 Detmir Pickup stores, as well as 21 Zoozavr stores as of 31 January 2021. The total selling space was approximately 897,000 square meters.

Detsky Mir’s shareholder structure: Gulf Investments Limited (Altus Capital) – 25%; Free-float – 75%[1].

Websites: detmir.ru, ir.detmir.ru

([1]) Including quasi-treasury shares and shares held by management and directors (0.7% of total shares).

Detsky Mir’s Board of Directors Approves List of Candidates to the New Board

Moscow, Russia, 16 February 2021 – The Board of Directors of PJSC Detsky Mir (“Detsky Mir” or the “Company”, MOEX: DSKY) has approved a final list of candidates to the new Board of Directors set to be voted upon at the Extraordinary General Meeting of Shareholders (EGM) on 12 March 2021.

At its meeting held on 15 February 2021, the Board of Directors resolved to propose the following candidates to Detsky Mir’s Board of Directors:

Candidates nominated by the Board of Directors:

1. Pavel Boyarinov, incumbent independent director
2. Maria Davydova, incumbent executive director
3. Stanislav Kotomkin, incumbent independent director
4. Tony Maher, incumbent non-executive director
5. Alexander Shevchuk, incumbent independent director
6. Andrey Anishchenko, independent director
7. Maria Gordon, independent director
8. David Rönnberg, independent director
9. Michael Foss, independent director

Candidates nominated by Gulf Investments Limited (shareholder owning 25% of the Company voting shares):

10. Pavel Grachev, non-executive director
11. Mikhail Stiskin, non-executive director
12. Dmitry Klenov, non-executive director
13. Vladimir Klimanov, non-executive director

A total of 10 directors may be elected to Detsky Mir’s Board of Directors. All candidates have given their consent to the Company. In line with the applicable laws of the Russian Federation, candidates to the Board of Directors will be elected at the General Meeting of Shareholders by cumulative voting.

The Extraordinary General Meeting of Shareholders will also vote on the amended version of the regulations on the remuneration of Board members.

The meeting will be held on 12 March 2021 at the Cosmos Hotel, Vetcherny Kosmos banquet hall, 150 Prospekt Mira, Moscow, 129366, Russia. The meeting starts at 10:30 am. Registration opens at 10:00 am. The right to participate in the Extraordinary General Meeting of Shareholders will apply to the shareholders of record as of 17 January 2021.

Materials for the Extraordinary General Meeting of Shareholders, including information on the candidates, are available on the Company’s website (ir.detmir.ru), Interfax’s website (e-disclosure.ru) and upon request to the Company’s Corporate Secretary Office: 3 Third Nizhnelikhoborskiy Proezd, Bld. 6, Moscow, 127238, Russia.

For additional information:

Gulf Investments Limited Acquired a 25% Stake in Detsky Mir

Moscow, Russia, 29 December 2020 – PJSC Detsky Mir (“Detsky Mir” or the “Company”, MOEX: DSKY), the largest children’s goods omnichannel retailer in Russia, announces the receipt of a notification letter dated December 28, 2020 from Gulf Investments Limited (hereinafter – Altus Capital) on the acquisition of 25% of the Company’s shares.

Detsky Mir’s Management Board welcomes the new shareholder Altus Capital and plans to continue implementing the announced strategy in the interests of all the Company’s shareholders.

For additional information:

The Detsky Mir Group of Companies (MOEX: DSKY) is an omnichannel retailer and the leader in the children’s goods sector in Russia. The Group comprises the Detsky Mir and the Detmir Pickup retail chains, the detmir.ru online store and marketplace, as well as the Zoozavr pet supplies retail chain. The Company operates a retail chain of 832 Detsky Mir stores located in 331 cities in Russia, Kazakhstan and Belarus, 16 Detmir Pickup stores, as well as 20 Zoozavr stores as of 29 December 2020. The total selling space was approximately 897,000 square meters.

Detsky Mir Group’s shareholder structure as of the date of this announcement is as follows: Altus Capital – 25%; Free-float[1] – 75%.  

Websites: detmir.ru, ir.detmir.ru

([1]) Excluding quasi-treasury shares and shares held by management and directors (0.7% of total shares)

Detsky Mir’s Board of Directors Proposes Candidates to the New Board

Moscow, Russia, 28 December 2020 – At its meeting held on 25 December 2020, the Board of Directors of PJSC Detsky Mir (“Detsky Mir” or the “Company”, MOEX: DSKY) has resolved to convene an Extraordinary General Meeting of Shareholders (EGM) by way of in-person voting on 12 March 2021.

Following the recommendation of the Nomination and Remuneration Committee, the Board of Directors proposes that the Extraordinary General Meeting of Shareholders considers following candidates to the new Board of Directors of PJSC Detsky Mir. Boyden Global Executive Search и VDI Group assisted as professional consultants in the candidate search and selection process.

New candidates:

• Andrey Anishchenko, independent director (competencies: digital services, IT, marketing)
• Michael Foss, independent director (competencies: non-food retail, finance, strategy and corporate governance)
• Maria Gordon, independent director (competencies: finance, corporate governance, capital markets and investor relations)
• David Rönnberg, independent director (competencies: pet supplies retail, e-commerce, IPO process/public company governance)

Incumbent directors:

• Pavel Boyarinov, independent director (competencies: non-food retail, e-commerce)
• Maria Davydova, executive director (competencies: children’s retail market, pet supplies retail, strategy and operational management, e-commerce)
• Stanislav Kotomkin, independent director (competencies: non-food retail, e-commerce)
• Tony Maher, non-executive director (competencies: food and non-food retail, strategy and corporate governance)
• Alexander Shevchuk, independent director (competencies: finance, corporate governance)

If the EGM elects the candidates proposed by the Board of Directors, the new Board will have a majority of independent directors. The current Nomination and Remuneration Committee recommends to consider Maria Gordon as a candidate for the Board Chairwoman[1], given her extensive independent director experience at large Russian public companies. The proposed candidates are expected to contribute to the implementation of the new strategy unveiled by the Company in August 2020, while the composition of the new Board would align corporate governance with the Company’s capital structure that has no controlling shareholder.

Any shareholder holding in aggregate at least 2% of voting shares in the Company may nominate candidates to the Board of Directors. Such shareholder can nominate up to 10 candidates (equal to the total of 10 directors that can be elected to the Company’s Board). Shareholders’ proposals on nominees to the Board of Directors will be accepted until 10 February 2021. Upon receipt of proposals from shareholders, the Company’s Board of Directors will approve the final list of candidates to the new Board.

The Extraordinary General Meeting of Shareholders will also vote on the amended version of the regulations on remuneration of Board of directors.

The right to participate in the Extraordinary General Meeting of Shareholders will apply to the shareholders of record as of 17 January 2021. Materials for the Extraordinary General Meeting of Shareholders will be made available from 16 February 2021 on the Company’s website (ir.detmir.ru), Interfax’s website (e-disclosure.ru) and upon request to the Company’s Corporate Secretary Office: 3 Third Nizhnelikhoborskiy Proezd, Bld. 6, Moscow, 127238, Russia.

Persons having the right to participate in the PJSC Detsky Mir’s Extraordinary General Meeting of Shareholders will be able to register for participation in the meeting, fill in the electronic ballot form and vote online at aoreestr.ru.

Biographies of the new nominees to the Company’s Board of Directors

Andrey Anishchenko

Entrepreneur and investor in digital education services and marketing. Co-founder of EBAC Online, Brazil’s leading online school of design, marketing and programming.

Andrey has more than 15 years of experience in digital platform design and development. In 2016-2020 he co-founded and served as Managing Director of Skillbox, a leading Russian online education platform with a market capitalization of more than USD 100 m. In 2020, Skillbox was ranked No. 2 in RBC’s list of the top 10 largest EdTech companies in Russia. In the previous eight years, Andrey led Grape (rebranded as Possible Moscow in 2012), one of Russia’s leading digital advertising agencies.

Mr. Anischenko graduated from the Moscow State University School of Physics, and has a Ph.D. in Physics and Mathematics.

Michael Foss

Over 20 years of experience as a senior general management and finance executive with large private and public US companies. Michael Foss is a co-founder and currently a member of the Board of Directors of Independent Pet Partners, a US retailer and online services platform for pets.

Before joining Independent Pet Partners, from 2013 to 2017 he was CEO and Chairman of the Board of Directors of Sports Authority, a large US sports goods retailer. Prior to that, he held executive positions at US Petco Animal Supplies, Circuit City, Eastman Kodak and IBM.

Mr. Foss holds a degree in Finance from the University of Washington and an MBA from the University of Michigan.

Maria Gordon

With more than 20 years in finance and capital markets, Maria also has many years of experience serving as an independent director at various public companies. Currently, she is a member of the Supervisory Board of Moscow Exchange, a member of the Board of Directors at Polyus, and a member of the Supervisory Board at Alrosa.

Previously, Maria was Executive Vice President and Head of Emerging Markets Equity Strategy at Pacific Investment Management Company (PIMCO, USA), one of the world’s premier asset managers. Prior to joining PIMCO, she had spent 12 years at Goldman Sachs Asset Management (USA), managing more than USD 10 bn of assets.

Ms. Gordon holds a Bachelor of Arts in Political Science from the University of Wisconsin-Eau Claire (USA), and a Master of Arts in Law and Diplomacy, The Fletcher School at Tufts University (USA).

David Rönnberg

An experienced retail and e-commerce executive, currently CEO at Musti Group, a leading omnichannel pet supplies retailer operating in the Nordic countries, which conducted its Initial Public Offering on Nasdaq Helsinki in 2020.

Prior to joining Musti Group, David from 2015 to 2016 led Indiska AB, a Swedish apparel and home accessories retailer. David Rönnberg also headed a number of European e-commerce companies, including Internetstores Nordic, an online store for outdoor products, and Brando’s, an online apparel and footwear retailer.

Mr. Rönnberg holds a degree in Finance from Stockholm University.

Maria Davydova, CEO and Member of the Board of Directors at PJSC Detsky Mir:

“We are happy to announce that we have successfully finalized the search for candidates to the new Board of Directors. It was an important and logical step in Detsky Mir’s journey towards becoming the first fully public Russian company.

“The Board of Directors has proposed four new candidates to the Board, who are expected to bring the additional expertise and experience needed to support our growth strategy in this highly competitive market, thereby contributing to the value creation for our shareholders.”

For additional information:

The Detsky Mir Group of Companies (MOEX: DSKY) is an omnichannel retailer and the leader in the children’s goods sector in Russia. The Group comprises the Detsky Mir and the Detmir Pickup retail chains, the detmir.ru online store and marketplace, as well as the Zoozavr pet supplies retail chain. The Company operates a retail chain of 832 Detsky Mir stores located in 331 cities in Russia, Kazakhstan and Belarus, 16 Detmir Pickup stores, as well as 20 Zoozavr stores as of 28 December 2020. The total selling space was approximately 897,000 square meters.

Websites: detmir.ru, ir.detmir.ru

(1) In accordance with applicable law, the Chairman of the Board of Directors is elected by the Board of Directors from among the members of the Board of Directors.

Ad-Hoc Notice

10 December 2020, Moscow, Russia. – Detsky Mir PJSC (“Detsky Mir” or the “Company”, MOEX: DSKY), Russia’s largest specialized children’s goods retailer, informs that in light of the offer to the Company’s shareholders to submit applications to sell up to 29.9% of the Company’s shares (the “Offer”) announced by Altus Capital (“Altus), the Board of Directors of the Company (the “Board”) has received an answer to its list of clarifying questions about the Offer (the “List”) that had been sent to an Altus representative. The answer was received in form of a letter dated 7 December 2020 (the “Letter”) signed by a director of management company UFG Capital Investment Management Limited on behalf of Gulf Investments Limited, the company which has made the Offer (the “Acquirer”). On 9 December 2020, the financial and legal advisors of the Special Capital Markets Committee of the Board (the “Committee”) spoke on the telephone with the representatives and advisors of Altus to additionally clarify the answers in the Letter (the ”Call”).

In the Letter and on the Call, Altus and the Acquirer explained certain aspects of the Offer, which the Committee considers important to disclose to the Company’s shareholders, in particular:

• The Acquirer does not own any shares of the Company (or other securities, which, under Russian law, are aggregated when determining crossings of ownership thresholds that give rise to obligations to comply with mandatory tender offer requirements for acquisition of shares of a Russian joint-stock company), does not have an intention to acquire 100% of the Company’s shares, and does not have any agreements to acquire shares of the Company from third parties outside the scope of the Offer;
• The Acquirer plans to acquire no more than 220,961,000 of the Company’s shares, which represents 29.9% of the total number of the Company’s shares outstanding;
• The Offer does not extend to shareholders from several jurisdictions outside of Russia, including, among others, the USA (as well as dependent territories of the USA, individual states of the USA, and the District of Columbia), in order to avoid the need to comply with various regulations in those jurisdictions that could have otherwise been applied to the Offer if it were extended to shareholders from such jurisdictions, and this exclusion is not driven by any sanctions restrictions in respect of the Acquirer;
• Altus and the Acquirer are not acting as part of a consortium, the Offer is being made in good faith and in accordance with Russian securities laws, and the Acquirer intends to honor its obligations under the Offer.

At the same time, a number of questions from the List were answered in the Letter and on the Call partially, or left without an answer or comment. Among questions that have remained without full explanation are the following:

• To what extent are Altus and the Acquirer acting exclusively in their own interests, and not also in the interests of any third parties, clients, co-investors and/or other financing sources, and the identities of such third parties, clients, co-investors and/or financing sources (if any);
• Confirmation that neither Altus, nor the Acquirer, nor their affiliates directly or indirectly own any financial instruments (besides shares of the Company) that represent rights to acquire or sell shares of the Company, or rights to participate in the financial performance of the Company, or rights to participate in changes of prices of the Company’s shares, or have any agreements to buy or sell such financial instruments, or have any disposal rights in relation of such financial instruments;
• The ability and readiness of Altus and the Acquirer to guarantee, beyond their own representations, that they will be able to meet their obligations to the Company’s shareholders who submit applications to sell shares of the Company in response to the Offer, or to provide an independent confirmation of availability of funds;
• The Acquirer’s readiness to amend its proposal and make it available to all shareholders of the Company, as well as prospects of amendments to the proposed procedure for submitting applications in light of the reported difficulties that some of the shareholders of the Company have encountered;
• The Acquirer’s readiness to increase its price offer;
• Specific plans around proposing changes to the composition of the Board and the management of the Company contemplated by Altus, the Acquirer, and/or their affiliates.

Since neither the Company, nor its management, nor its Board, nor the Committee, nor their advisors are parties to the Offer, the Company, its management, its Board, the Committee and their advisors do not and cannot bear responsibility of any sort for the contents of the Offer and its related documents, or for any action, inaction or announcements by any parties to the Offer. All information regarding the answers received in response to the List is derived entirely from the contents of the Letter and the Call, and the Company, its management, its Board, the Committee and their advisors have not independently verified this information and do not express any views or give any representations with respect to its completeness or accuracy. The shareholders of the Company should exercise their own judgment and consult their own financial and other advisors when making decisions as to whether or not to take this information into account, and also when making decisions regarding the Offer.

For additional information:

Goldman Sachs

Dmitri Sedov

Tel: +7 495 645 4223

dmitri.sedov@gs.com

The Detsky Mir Group of Companies (MOEX: DSKY) is an omnichannel retailer and the leader in the children’s goods sector in Russia. The Group comprises the Detsky Mir and the Detmir Pickup retail chains, the detmir.ru online store and marketplace, as well as the Zoozavr pet supplies retail chain. The Company operates a retail chain of 805 Detsky Mir stores located in 319 cities in Russia, Kazakhstan and Belarus, 13 Detmir Pickup stores, as well as 14 Zoozavr stores as of 30 November 2020. The total selling space was approximately 872,000 square meters.

Detsky Mir Group’s shareholder structure as of the date of this announcement is as follows: Free float[1] – 100%.

Websites: detmir.ru, ir.detmir.ru.

([1]) Excluding quasi-treasury shares and shares held by management and directors (0.8% of total shares).

Nikolay Ermakov Appointed to the Position of Detsky Mir Chief Technical Officer

Moscow, Russia, 9th December 2020 – Detsky Mir Group (“Detsky Mir” or the “Company”, MOEX: DSKY), Russia’s largest specialized omnichannel children’s goods retailer, announces the appointment of Nikolay Ermakov as Chief Technical Officer and Member of the Company’s Management Board.

Nikolay brings more than 16 years of experience in information technology, digital transformation and product development. Prior to joining Detsky Mir, he worked at X5 Retail Group, where he built several dozen cross-functional teams and introduced Agile product development. During his tenure with X5 Retail Group, Nikolay improved SLA for critical business systems, established centers of excellence in technology, reduced reliance on outsourcing, as well as introduced DevOps practices for development teams and set up from scratch a development center at Innopolis (Republic of Tatarstan), building a strong team. Before that, he held roles as director of software development at Gett and Rambler & Co.

Nikolay Ermakov graduated with high honors in Computer Software Engineering from Moscow’s National University of Science and Technology (MISiS). He is currently completing his Executive MBA at the IMD Business School, Switzerland. 


As CTO of Detsky Mir Group, Nikolay will be responsible for boosting Detsky Mir’s IT capabilities and driving its digital transformation and new product development. 

Maria Davydova, CEO of PJSC Detsky Mir, said: “I am really delighted to welcome Nikolay to our team. I am confident that his wealth of relevant experience and expertise will help take the Detsky Mir IT team to new heights, driving the delivery of most ambitious projects and the continued successful development of our technology platform and online business support.”

For additional information:

Formation of Special Capital Markets Committee of the Board of Directors

Moscow, Russia, 4 December 2020 – Detsky Mir PJSC (“Detsky Mir” or the “Company”, MOEX: DSKY), Russia’s largest specialized children’s goods retailer, today has announced that in light of the offer to the Company’s shareholders to submit applications to sell up to 29.9% of the Company’s shares (the “Offer”) announced by Altus Capital, the Board of Directors of the Company (the “Board”) has formed a Special Capital Markets Committee (the “Committee”) to review the implications of the Offer and to explore strategic alternatives available to the Company’s shareholders, to which end the Board has delegated authority on certain matters to the Committee. The Committee is composed of Maria Davydova, Evgeniy Madorskiy and Alexander Shevchuk. The Committee has retained Goldman Sachs International as lead financial advisor and Herbert Smith Freehills as legal advisor.

For additional information:

Goldman Sachs

Dmitri Sedov

Tel: +7 495 645 4223

dmitri.sedov@gs.com

The Detsky Mir Group of Companies (MOEX: DSKY) is an omnichannel retailer and the leader in the children’s goods sector in Russia. The Group comprises the Detsky Mir and the Detmir Pickup retail chains, the detmir.ru online store and marketplace, as well as the Zoozavr pet supplies retail chain. The Company operates a retail chain of 805 Detsky Mir stores located in 319 cities in Russia, Kazakhstan and Belarus, 13 Detmir Pickup stores, as well as 14 Zoozavr stores as of 30 November 2020. The total selling space was approximately 872,000 square meters.

Detsky Mir Group’s shareholder structure as of the date of this announcement is as follows: Detsky Mir Group’s shareholder structure as of the date of this announcement is as follows: Free float[1] – 100%.

Websites: detmir.ru, ir.detmir.ru.

([1]) Excluding quasi-treasury shares and shares held by management and directors (0.8% of total shares).

Ad-Hoc Notice

Moscow, Russia, 1 December 2020 – Board of Directors and Management Board of Detsky Mir PJSC (“Detsky Mir” or the “Company”, MOEX: DSKY), Russia’s largest specialized children’s goods retailer, refer to their previous statement dated 30 November 2020 relating to the offer to the Company’s shareholders to submit applications to sell up to 29.9% of the Company’s shares (the “Offer”) announced by Altus Capital (“Altus”).

On 1 December 2020, the Company’s CEO and Member of the Board of Directors Mariya Davydova, together with the Company’s legal and financial advisors, and the Managing Partner of Altus Dmitri Klenov met and verbally discussed the Offer. This discussion left a number of relevant aspects about the Offer without clarification from Altus, and the parties agreed that the Company’s Board of Directors will send its list of questions to Altus in writing, seeking an official written response with clarifications. The Company’s Board of Directors has sent this list of questions to Altus, and expects to provide further updates upon receipt of complete information thus officially communicated to them by Altus in response.

For additional information:

The Detsky Mir Group of Companies (MOEX: DSKY) is an omnichannel retailer and the leader in the children’s goods sector in Russia. The Group comprises the Detsky Mir and the Detmir Pickup retail chains, the detmir.ru online store and marketplace, as well as the Zoozavr pet supplies retail chain. The Company operates a retail chain of 805 Detsky Mir stores located in 319 cities in Russia, Kazakhstan and Belarus, 13 Detmir Pickup stores, as well as 14 Zoozavr stores as of 30 November 2020. The total selling space was approximately 872,000 square meters.

Detsky Mir Group’s shareholder structure as of the date of this announcement is as follows: Detsky Mir Group’s shareholder structure as of the date of this announcement is as follows: Free float[1] – 100%.

Websites: detmir.ru, ir.detmir.ru.

([1]) Excluding quasi-treasury shares and shares held by management and directors (0.8% of total shares).