4 May 2012

Six hypermarkets added to Karusel retail chain

Moscow, 4 May 2012

X5 Retail Group N.V., (“X5” or the “Company”), Russia’s largest retailer in terms of revenue (LSE ticker symbol: FIVE), announced today that the Company has opened five new Karusel hypermarkets as a result of the rebranding of Pyaterochka-Maxi stores. The new hypermarkets are located in the following cities: Chelyabinsk (two stores), Kostroma (one store), Ryazan (one store) and the city of Zelenodolsk in the Republic of Tatarstan (one store). The Company plans to open an additional rebranded Karusel hypermarket on 12 May in the city of Syzran, located in the Samara Region. The new openings have increased the number of hypermarkets that the Company operates under the “Karusel” brand to 77.