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31 May 2006

PYATEROCHKA AND PEREKRESTOK ANNOUNCE Q1 2006 FINANCIAL RESULTS

Pyaterochka and Perekrestok plan to publish their first consolidated group financials for 1H 2006 in September. The following provides an update on Q1 2006 performance for both Pyaterochka and Perekrestok, reporting independently. The figures for Pyaterochka Holding N.V. for Q1 2006 are for Pyaterochka as a stand-alone business.