NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO, OR TO ANY PERSON IN, THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, SOUTH AFRICA OR IN OR INTO, OR TO ANY PERSON IN, ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE LAWS OF SUCH JURISDICTION.<\/p>\n
Moscow, Russia, 14 November 2022<\/strong> –<\/strong> Detsky Mir Group (the \u201cCompany\u201d, MOEX: DSKY), a specialised retailer and the leader in the children\u2019s goods sector in Russia and Kazakhstan, announces that the Board of Directors of the Company unanimously approved today a launch of an open market buyback programme (the \u201cProgramme\u201d) of its ordinary shares (\u201cShares\u201d) listed on the Moscow Exchange totaling up to RUB 3.0 billion over a six-months period unless extended or terminated by the Company earlier.<\/p>\n This decision was driven by the sharply increased volatility in the Company’s shares over the course of the last several trading sessions.<\/p>\n The purchases of Shares under the Programme will be made for the account of \u00abDM Capital\u00bb LL\u0421 a direct wholly-owned subsidiary of the Company by broker or brokers.<\/p>\n For additional information:<\/strong><\/p>\n Nikita Moroz<\/strong><\/p>\n Head of Investor Relations<\/p>\n Tel.: + 7 495 781 08 08, ext. 2315<\/p>\n