22 November 2006

X5 RETAIL GROUP N.V. announces completion of the 2006 GDR purchase program

Amsterdam, 22 November 2006

X5 Retail Group N.V. (LSE: FIVE), Russia’s leading grocery retailer, today announced that it has successfully completed its 2006 GDR purchase program launched in June 2006 for general corporate purposes, including funding ESOP liabilities and potential acquisitions. The total number of GDRs purchased under this program and currently held as a treasury stock is 3,605,420.