Statement on Avito

We can confirm OLX Group has taken a decision to cease all involvement in its Russian operations. The separation process is underway, which will fully decouple the companies. From this point forward, the current Avito management team will run the Russian operations fully independently of OLX Group with no further involvement on any day-to-day operations or decisions. As an independent company, Avito will be governed by its own board of directors in Russia.