29 January 2007

Correction to an article in KOMMERSANT

Amsterdam, 29 January 2007

X5 Retail Group N.V., Russia’s largest food retailer in terms of sales, wishes to correct a today article in Kommersant Daily (a Russian business daily) reproduced by other news outlets, which regards alleged negotiations between X5 Retail Group and major international retail chains on the acquisition of X5 by one of these chains in a medium-term perspective, with a reference to an undisclosed top-manager of the Group.