18 January 2008

X5 EGM approves Evgeny Kornilov as Director A and Group CFO

Amsterdam, 18 January 2008

X5 Retail Group N.V., Russia’s largest food retailer in terms of sales (LSE ticker: “FIVE”), is pleased to announce the approval by the Extraordinary General Meeting of Shareholders (EGM) of the appointment of Evgeny Kornilov as X5 Retail Group Director A and Chief Financial Officer with effect per the date of the EGM for a period of four years.