26 August 2008

X5 and former shareholders of FORMATA resolve outstanding issues on KARUSEL acquisition

Amsterdam, 26 August 2008

X5 Retail Group N.V. (“X5” or the “Company”), Russia’s largest retailer in terms of sales (LSE ticker: “FIVE”), announces today that an agreement with the former shareholders of Formata B.V. (“Formata”), the owner of the Karusel hypermarket chain (the “Former Shareholders”), has been reached to resolve the outstanding post-completion issues on the recent acquisition.