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RU
25 August 2006

PYATEROCHKA HOLDING N.V. CREDIT RATING UPDATE

Yesterday, Moody’s announced a downgrade of the corporate family rating of Pyaterochka Holding NV to B1 from Ba3, with a stable outlook for the rating. Moody’s Interfax Rating Agency also downgraded Pyaterochka’s national scale rating to A1.ru from Aa3.ru.