15 December 2010

X5 Retail Group completes acquisition of Kopeyka discounter chain

Amsterdam, 15 December 2010

X5 Retail Group N.V., Russia’s largest food retailer in terms of sales (LSE ticker: “FIVE”), announced today that it has completed the acquisition of Kopeyka discounter chain. In accordance with the agreement, X5 purchased 100% of the business and assets of Kopeyka for a price of RUR 51.5 billion (enterprise value) including assumption of Kopeyka’s net debt of no more than RUR 16.5 billion.