16 March 2011

X5 Retail Group announces executive appointments

Amsterdam, 16 March 2011

X5 Retail Group N.V., Russia’s largest retailer in terms of sales (LSE ticker: “FIVE”), announces two new executive appointments:

Igor Pletnev, formerly Kopeyka’s Regional Development Director, has been appointed X5’s Director for Regional Branch Management and Organic Development. He will be responsible for increasing organizational efficiency and delivering on the Company’s objectives for organic expansion.

Anton Mironenkov, formerly Deputy Director for X5’s M&A and Business Development for the past five years, has been appointed Director of this department. He will succeed Andrei Gusev, who was nominated by the Supervisory Board to become the Company’s new CEO.