17 September 2007

X5 RETAIL GROUP N.V. announces 1H 2007 RESULTS

Amsterdam, 17 September 2007

X5 Retail Group N.V. (the “Group”), Russia’s largest food retailer in terms of sales, is pleased to present today financial results for the first half of 2007. In 2007, the Group adopted reclassification of costs related to distribution and transportation of goods from OPEX to the Cost of Sales. For convenience of comparison, the financial results in 2006 have been also reclassified when applicable.