Update regarding sale of investment in MFG
Eastnine announced in October 2022 that an agreement had been signed with the investment company Sistema PJSFC to divest Eastnine’s entire holding in the Russian fashion retailer Melon Fashion Group (MFG). Eastnine’s assessment at that time was that the transaction could be completed during 2022, subject to all conditions being fulfilled. The Federal Antimonopoly Service (FAS of Russia) and the Governmental Commission for Control over Foreign Investments in the Russian Federation have approved the transaction. Subject to all remaining conditions being fulfilled, Eastnine’s current