14 November 2008

VTB to provide financing to X5 RETAIL GROUP in the amount of up to RUR 7 BILLION

Amsterdam, 14 November 2008

X5 Retail Group N.V., Russia’s largest retailer in terms of sales (LSE ticker: “FIVE”), announced today that an agreement has been reached with VTB to provide RUR 7 billion in financing to X5 Retail Group within the framework of the Russian government initiatives aimed at supporting the country’s retail industry. The financing will be provided in the form of a revolving credit line for a total amount of RUR 7 billion open for 1.5 years.