21 August 2008

MOODY’S affirms its B1 rating on X5 RETAIL GROUP

Amsterdam, 21 August 2008

X5 Retail Group N.V. (“X5” or the “Company”), Russia’s largest retailer in terms of sales (LSE ticker: “FIVE”), announces today that Moody’s has affirmed its corporate family rating for the Company at B1. Outlook was changed to stable. Moody’s Interfax Rating Agency has also affirmed the Company’s national scale rating.