9 July 2010

X5 Retail Group announces CFO transition

Amsterdam, 09 July 2010

X5 Retail Group N.V., Russia’s largest retailer in terms of sales, today announced that Chief Financial Officer Evgeny Kornilov will leave X5 in October 2010 following his acceptance of a senior management position at another company. X5 has initiated a transition plan and the Supervisory Board has commenced an executive search process to recruit the best candidate for the CFO position.