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3 July 2006

PYATEROCHKA HOLDING N.V. TRADING UPDATE

As of 1 July 2006, the current excise labels which are used for imported wine and spirits allowed for sale in the Russian Federation are invalid. Pyaterochka Holding N.V. estimates that full range of imported wine and spirits with new excise labels may only be available within two or three months from 1 July 2006.