14 January 2013

X5 Board nominates Stephan DuCharme as CEO candidate

Amsterdam, 14 January 2013

X5 Retail Group N.V. (“X5” or the “Company”), Russia’s largest retailer in terms of sales (LSE ticker: “FIVE”), announced today the results of the Company’s Supervisory Board Meeting (the “Meeting”) held on Friday, 11 January 2013. At the Meeting, the Supervisory Board (the “Board”) nominated the Company’s acting CEO, Stephan DuCharme, to become statutory CEO subject to X5 shareholder approval at the Annual General Meeting to be held in April 2013.