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18 September 2008

X5 Retail Group fulfilled its obligations on Karusel ruble bonds under put option

Amsterdam, 18 September 2008

X5 Retail Group N.V., Russia’s largest retailer in terms of sales (LSE ticker: “FIVE”), announces today that Karusel Finance, controlled by X5, has fulfilled its obligations on Karusel Finance bonds in accordance with the put option. The Company has also paid to the bondholders the full amount of the fourth coupon – RUR 145.9