6 March 2008

X5 2008&2009 updates

Amsterdam, 6 March 2008

X5 Retail Group N.V., Russia’s largest retailer in terms of sales (LSE ticker: “FIVE”), expects to report above-target EBITDA for the full year 2008, provides preliminary details on an anticipated fourth quarter 2008 goodwill impairment charge and comments on 2009 trends and outlook. The Company will report its Q1 2009 trading update on 9 April 2009 and audited full year & fourth quarter 2008 financial results on 14 April 2009.