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8 November 2010
05/11/2010 The London Stock Exchange welcomes O’KEY Group to the Main Market

O’KEY Group (“OKEY”), one of the largest retail chains in Russia, raised nearly $420 million through a GDR listing on the London Stock Exchange Main Market, valuing the company at approximately U.S.$2.95 billion at the time of listing.  Funds raised will be used in part to finance the further expansion of the Group’s hypermarket and supermarket footprint in Russia over the next several years.  Goldman Sachs International and VTB Capital plc acted as Joint Global Coordinators and Joint Bookrunners in connection with the Offering.  Patrick Longuet, Chief Executive Officer of O’KEY Group, said: “From our base in St Petersburg, we have already achieved a leading position in the Russian retail market and have become one of the most profitable food retailers in the country today.  The IPO is an important step forward for us, as it will provide a strong platform for the continued profitable growth of our business throughout Russia.”

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