X5 is the number one food retailer, in terms of sales, in Russia one of the most exciting consumer markets in the world. We operate three main formats – soft discounters, supermarkets and hypermarkets – that provide distinct offerings for every customer and budget. In 2011, X5 embarked on a multi-year transformation strategy to position the Company for long-term market leadership and fi nancial success. We are stepping up investments and executing on our objectives for delivering sustainable profi table growth, including plans for driving:

X5 in 2011