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RU
12 March 2008

X5 DENIES THAT IT HAS HIRED MORGAN STANLEY TO SELL A STAKE IN THE COMPANY

Amsterdam, 12 March 2008

Further to the headline that was published by Reuters today, X5 Retail Group N.V. (the Company), Russia’s largest food retailer in terms of sales, states that neither the Company, nor its major shareholder, Alfa Group, have hired Morgan Stanley to sell a stake in the Company.