28 August 2012

X5 announces management team reshuffle

Amsterdam, 28 August 2012

X5 Retail Group N.V. (“X5” or the “Company”), Russia’s largest retailer in terms of revenue (LSE ticker: “FIVE”), announced today that the Company’s Supervisory Board has approved a number of changes to X5’s Executive Board in order to improve execution on the Company’s strategy and streamline operations.