30 November 2006

ETAIL GROUP N.V. named company of the year

Amsterdam, November 30, 2006

X5 Retail Group N.V., the Russia’s largest retail company in terms of sales, was named Company of the Year in the Retail Chain division at the Company of the Year awards ceremony. The awards ceremony is founded by RosBusinessConsulting information agency and organized under the patronage of Ministry for Economic Development and Trade of the Russian Federation. Some of the company’s achievements in 2006 that earned it the award were the “merger of two leading retail companies, Perekrestok and Pyaterochka, forming the largest multi-formatted food retail company in Russia” and “achieving some of the highest indicators for capitalization in the consumer product segment of the Russian economy.”