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10 June 2005

Pyaterochka Holding N.V. (the ‘Company’). Announcement of Closing of Over-Allotment Option

Further to the announcement dated 6 May 2005 in relation to the offering (the ‘Global Offering’) of ordinary shares in the Company in the form of global depositary receipts (‘GDRs’), the Company announces the closing today of the over-allotment option exercised by Credit Suisse First Boston (Europe) Limited and Morgan Stanley & Co. International Limited on 8 June 2005 in respect of 3,171,460 GDRs (representing 792,865 ordinary shares in the Company) referred to in the offering circular issued by the Company on 6 May 2005. The price per GDR sold pursuant to the over-allotment option is equal to the offer price announced on 6 May 2005 (US$13 per GDR).