27 June 2008

X5 completes acquisition and begins integration of Karusel hypermarket chain

Amsterdam, 27 June 2008

X5 Retail Group N.V. (“X5” or the “Company”), Russia’s largest food retailer in terms of sales (LSE ticker: “FIVE”), announces today that it has completed the acquisition of the entire issued share capital of Formata Holding B.V. (“Formata”), the owner of the Karusel hypermarket chain (“Karusel”) and is ready to proceed to the integration of the company as planned.