2 November 2009

X5 and Citi to launch joint project on co-branded cards

Moscow, 2 November 2009

Today X5 Retail Group N.V., Russia’s largest retailer in terms of sales, and ZAO Citibank signed an agreement to launch a joint project of issuing co-branded cards. Owners of the new cards will get rewards when making purchases at Perekrestok supermarkets as part of the “Perekrestok Club” loyalty program. Both debit and credit cards will be issued on the basis of one of International payment systems and will be available to Perekrestok customers already in the first half 2010.