Resignation Notice from Depositary Bank Received by O'KEY Group S.A.

O'KEY Group S.A., a prominent food retailer in Russia, has announced that it received a resignation notice from its depositary bank, the Bank of NY Mellon, related to its global depositary receipts (GDRs) program. The program, under Regulation S, ISIN: US6708662019, is a key component of the company’s financial structure and investor relations. O'KEY Group has a 90-day period to find a potential successor for the depositary bank, followed by an additional 90 days to terminate the program if no successor is appointed.

The group is actively exploring all possible scenarios following the resignation notice and is committed to making a decision on the matter in due course. Any developments or crucial decisions will be communicated to shareholders and the broader market, ensuring transparency and compliance with regulatory requirements.

O'KEY Group stands as one of Russia's leading grocery retailers, with a significant presence in the market through its hypermarkets and discounters. The company, which operates under the O'KEY and DA! brands, reported a revenue of RUB 202.2 billion and an EBITDA of RUB 17.0 billion for the year 2022.