16 May 2010

X5 increases its stake in online business

Amsterdam, 17 May 2010

X5 Retail Group N.V., Russia’s largest food retailer in terms of sales (LSE ticker: “FIVE”), today announced that it has completed the acquisition of additional 31% stake in IT Business, operating and online stores. The purchase brings X5’s total ownership interest to 82% of IT Business company, with an option to acquire the remaining part of the business by 2014.