OREANDA-NEWS. DIXY Group (RTS, MICEX: DIXY) - one of Russia’s leading retailers of foods and everyday products - today announced revenue growth of 21.9% in Russian rubles (21.3% in USD) for the first three months of 2013, and revenue growth of 23.6% in Russian rubles (17.8% in USD) in March 2013.

For the first three months of 2013, DIXY Group Total Revenue increased to RUR 42.3 bln (USD 1.4 bln) by 21.9% in rubles (21.3% in USD) year-on-year.

Please, note that our stores operated 2 days less in the first quarter of 2013 compared to the same period of 2012:

• The stores were closed for New Year holiday on January 1, 2013, but were opened on January 1, 2012.

• The stores operated one day less in February 2013 compared to February 2012, as 2012 year was a leap year.

The two-day difference affected the Company’s revenue growth for the first three months by 2.2% year-on-year. Thus, the revenue growth for the first three months of 2013 adjusted for the two-day difference would be 24.1% year-on-year in rubles.

In March 2013, DIXY Group Total Revenue increased to RUR 15.3 bln (USD 496.4 mln) by 23.6% in rubles (17.8% in USD) year-on-year.

• Retail revenue of DIXY neighborhood stores increased to RUR 11.5 bln (USD 374.5 mln) by 55.2% in RUR (47.9% in USD) in March 2013 compared to March 2012. The growth was driven mainly by DIXY chain strong organic expansion, and helped by re-branding of ex-Victoria neighborhood stores into DIXY banner throughout 2012.

• Retail revenue of Victoria Division decreased to RUR 2.3 bln (USD 73.3 mln) in March 2013 from RUR 3.7 bln (USD 125.6 mln) in March 2012. This decline was caused mainly by Victoria neighborhood stores transfer into DIXY banner in 2012, which led to the reduction of the neighborhood stores number in Victoria Division to 43 stores in March 2013 from 199 stores in March 2012. As a result, retail revenue from Victoria neighborhood stores decreased year-on-year by 80.6% in RUR (81.5% in USD) to RUR 417.9 mln (USD 13.6 mln) in March 2013.

In March 2013, retail revenue from Victoria supermarkets amounted to RUR 1.8 bln (USD 57.5 mln), demonstrating a 21.8% growth in RUR (16.1% in USD).

Retail revenue from cash&carry store CASH amounted to RUR 70.5 mln (USD 2.3 mln) in March 2013 compared to RUR 80.3 mln (USD 2.7 mln) in March 2012.

• Retail revenue of Megamart Division increased to RUR 1.4 bln (USD 44.4 mln) by 20.3% in RUR (14.7% in USD) year-on-year in March 2013. The growth was driven mainly by MegaMart compact hypermarkets retail revenue, which increased to RUR 1.1 bln (USD 35.0 mln) by 17.9% in RUR (12.4% in USD). MiniMart stores retail revenue increased to RUR 291.0 mln (USD 9.4 mln) by 30.2% in RUR (24.1% in USD) year-on-year.

DIXY Group Total Revenue by Division, year-on-year

in RUR thousand

March 2013

March 2012

%

3M 2013

3M 2012

%

DIXY Division

11,536,724

7,434,836

55.2%

32,071,048

20,954,873

53.0%

DIXY neighborhood stores

11,536,724

7,434,836

55.2%

32,071,048

20,954,873

53.0%

Victoria Division

2,258,356

3,689,856

(38.8%)

6,214,091

10,306,160

(39.7%)

Supermarkets

1,769,931

1,453,029

21.8%

4,827,659

3,976,827

21.4%

Neighborhood stores

417,935

2,156,484

(80.6%)

1,187,752

6,109,938

(80.6%)

CASH

70,490

80,344

(12.3%)

198,680

219,395

(9.4%)

Megamart Division

1,368,661

1,137,341

20.3%

3,640,983

3,098,342

17.5%

MegaMart

1,077,686

913,878

17.9%

2,858,700

2,476,813

15.4%

MiniMart

290,975

223,464

30.2%

782,283

621,529

25.9%

Others

130,280

110,739

17.6%

382,207

344,071

11.1%

DIXY GROUP TOTAL

15,294,021

12,372,772

23.6%

42,308,329

34,703,446

21.9%

in USD thousand

March 2013

March 2012

%

3M 2013

3M 2012

%

DIXY Division

374,469

253,163

47.9%

1,054,476

692,398

52.3%

DIXY neighborhood stores

374,469

253,163

47.9%

1,054,476

692,398

52.3%

Victoria Division

73,304

125,643

(41.7%)

204,315

340,540

(40.0%)

Supermarkets

57,450

49,477

16.1%

158,730

131,404

20.8%

Neighborhood stores

13,566

73,430

(81.5%)

39,053

201,887

(80.7%)

CASH

2,288

2,736

(16.4%)

6,532

7,249

(9.9%)

Megamart Division

44,425

38,727

14.7%

119,713

102,376

16.9%

MegaMart

34,980

31,118

12.4%

93,992

81,840

14.8%

MiniMart

9,445

7,609

24.1%

25,721

20,537

25.2%

Others

4,229

3,771

12.1%

12,568

11,369

10.5%

DIXY GROUP TOTAL

496,427

421,304

17.8%

1,391,072

1,146,683

21.3%

Revenue Disclosure Annotations:

• Revenue numbers disclosed in the press-release are based on internal management reports and have not been audited.

• Revenue numbers do not include VAT.

• Total revenue include retail revenues and other revenues, which consist of income from subleases and wholesale revenues.

• The following official exchange rates of the Central Bank of Russian Federation were used to convert Russian Rubles to US dollars:

2012

2013

Average March, RUR/USD

29.3678

30.8082

Average the first three months RUR/USD

30.2642

30.4142