21 July 2008

S&P affirms its BB- with Stable outlook on X5 Retail Group

Amsterdam, 21 July 2008

X5 Retail Group N.V. (“X5” or the “Company”), Russia’s largest food retailer in terms of sales (LSE ticker: “FIVE”), announces today that Standard & Poor’s has affirmed its long-term corporate credit rating on the Company at BB- with Stable outlook.