ACRA ASSIGNS A-(RU) TO THE SERIES BO-P03 (RU000A109825) BOND ISSUE OF OOO GORODSKOY SUPERMARKET

Credit rating rationale. The issue is a senior unsecured debt obligation of OOO Gorodskoy Supermarket (hereinafter, the Company, or the Issuer), which is wholly owned by Sanymon Corporation Limited (CYP) (ACRA rating A-(RU), outlook Stable). Due to the absence of either structural or contractual subordination of the issue, ACRA regards it as equal to other existing and future unsecured and unsubordinated debt obligations of the Company in terms of priority. In accordance with ACRA’s methodology, to determine the credit rating of the issue, the Agency applied the detailed approach. According to ACRA’s calculations, the recovery rate for the senior unsecured debt belongs to category II, and therefore the credit rating of the issue is A-(RU), i.e. on par with the credit rating of the Issuer.

The Company’s credit rating is based on the very high degree of support from Sanymon Corporation Limited (CYP).

KEY ISSUE PROPERTIES

Sources: ACRA, issuer’s data

REGULATORY DISCLOSURE

The credit rating has been assigned under the national scale for the Russian Federation based on the Methodology for Assigning Credit Ratings to Financial Instruments under the National Scale for the Russian Federation and the Key Concepts Used by the Analytical Credit Rating Agency within the Scope of Its Rating Activities.

A credit rating has been assigned to the series BO-P03 (RU000A109825) bond issue of OOO Gorodskoy Supermarket for the first time. The credit rating is expected to be revised within one year following the publication date of this press release.

The credit rating was assigned based on data provided by OOO Gorodskoy Supermarket, information from publicly available sources, and ACRA’s own databases. The credit rating is solicited and OOO Gorodskoy Supermarket participated in its assignment.

In assigning the credit rating, ACRA used only information, the quality and reliability of which were, in ACRA’s opinion, appropriate and sufficient to apply the methodologies.

ACRA provided additional services to OOO Gorodskoy Supermarket. No conflicts of interest were discovered in the course of credit rating assignment.