​​​X5 CFO stepping down at year end 2014​

Amsterdam, 11 July 2014

X5 Retail Group N.V. (“X5” or the “Company”), a leading Russian food retailer (LSE ticker: “FIVE”), announced today that Sergey Piven has informed the Company of his intention to step down as X5’s Chief Financial Officer (CFO) by the end of this year.