11 April 2008

Supervisory board of X5 RETAIL GROUP N.V. approves acquisition of Karusel hypermarket chain

Amsterdam, 11 April 2008

X5 Retail Group N.V. (the “Company”), Russia’s largest food retailer in terms of sales (LSE ticker: “FIVE”), today announces that its Supervisory Board has approved the acquisition of 100% of the shares in Formata Holding B.V (“Formata”), owner of the Karusel hypermarket chain, subject to satisfactory due diligence on Karusel and receipt of the Federal Antimonopoly Service approval. Unless the context otherwise requires, references to Karusel in this press release are to Formata and its subsidiairies.