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09.07.10
X5 Retail Group announces CFO transition

Amsterdam, 09 July 2010 - X5 Retail Group N.V., Russia's largest retailer in terms of sales, today announced that Chief Financial Officer  Evgeny Kornilov will leave X5 in October 2010  following his acceptance of a senior management position at another company. X5 has initiated a transition plan and the Supervisory Board has commenced an executive search process to recruit the best candidate for the CFO position.

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