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Option Exercise Notice

Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in which such distribution would be unlawful.

Public Joint Stock Company “Detsky mir”

Option Exercise Notice

PJSC Detsky Mir confirms that Goldman Sachs International Limited, as stabilizing manager, has exercised the Over-allotment Option in respect of 9,012,333 shares of PJSC Detsky Mir at the Offer Price. PJSC Sistema sold 6,245,518 Shares in the Over-allotment option, and retained a 52.1% stake in Detsky Mir. Russia-China Investment Fund (Floette Holdings Limited and Exarzo Holdings Limited) sold 2,766,815 shares of PJSC Detsky Mir in the Over-allotment option and retained a 14.0% stake in Detsky Mir.

For additional information:

Nadezhda Kiseleva

Head of Public Relations

Office: +7-495-781-0808, ext. 2041

Cell: +7-985-992-7857

nkiseleva@detmir.ru

Alexey Voskoboinik

Head of Investor Relations

Office: +7-495-781-0808 ext. 2582

Cell: +7-915-129-9905

avoskoboinik@detmir.ru

Disclaimer

This announcement is not and does not form part of any offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein are not registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. PJSC Detsky mir does not intend to register any portion of the offering of any securities referred to herein in the United States or to conduct a public offering of the securities in the United States.

This communication does not constitute an offer of the securities to the public in the United Kingdom. No prospectus has been or will be approved in the United Kingdom in respect of the securities. This communication is being distributed to and is directed only at (i) persons who are outside the United Kingdom; (ii) persons who are investment professionals within the meaning of Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended from time to time (the “Order”); (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order; (iv) certified high net worth individuals and certified and self-certified sophisticated investors as described in Articles 48, 50 and 50A, respectively of the Order; and (v) persons to whom this communication may otherwise be lawfully communicated (all such persons together being referred to as “Relevant Persons”). Any investment activity to which this communication relates will only be available to and will only be engaged with, Relevant Persons. Any person who is not a Relevant Person should not act or rely on this document or any of its contents.