OREANDA-NEWS. June 20, 2011. Open Joint Stock Company "DIXY Group" ("DIXY" or the "Company"), one of Russia's leading retailers of foods and everyday products (MICEX, RTS: DIXY), today announces results of its share offering (the "Offering") of (i) 38,750,000 newly issued ordinary shares (the "New Shares") offered by the Company via open subscription and (ii) 1,113,849 treasury shares (the "Treasury Shares", together with the New Shares, the "Shares"). All Shares have been subscribed for through the exercise of pre-emptive rights and by way of a placement on the market at fixed price RUB 391 per Share.

The Company intends to use the proceeds from the sale of the Shares to finance the acquisition of the Victoria Group, for post-integration and general corporate purposes.

The New Shares are expected to be listed on Closed Joint Stock Company "MICEX Stock Exchange" and Open Joint Stock Company "Russian Trading System Stock Exchange" after the filing of the Placement Notification with FSFM. The Treasury Shares are already listed and tradable on the above-mentioned stock exchanges.

The Company and Mercury Group, the Company's main shareholder, have agreed to enter into a lock-up agreement for a period of 180 days following completion of the Offering, while certain major shareholders have agreed to enter into a lock-up agreement for a period of 360 days.

VTB Capital acted as a Sole Global Coordinator and Bookrunner.