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30 July 2008

X5 buys GDRs

Amsterdam, 30 July 2008

X5 Retail Group N.V. (“X5” or the “Company”), Russia’s largest retailer in terms of sales (LSE ticker: “FIVE”), announces today that during the period of time from 11 July through 29 July 2008 its wholly owned subsidiary Perekrestok Holdings Limited purchased the aggregate amount of 267,482 Global Depositary Receipts (“GDRs”) representing shares in the capital of its parent company X5, at an average market price of USD 29.35 per GDR in order to hedge the Company’s obligations under its Employee Stock Option Plan.