21 December 2007

X5 RETAIL GROUP N.V. completes aquisition of KORZINKA and STRANA GERKULESIA retail chains

Amsterdam, 21 December 2007

X5 Retail Group N.V., Russia’s largest food retailer in terms of sales (LSE ticker: “FIVE”), announced today that it has received all the necessary regulatory approvals, including approval by the Federal Antimonopoly Service (FAS), and completed its acquisition of Korzinka (“Basket”) and Strana Gerkulesia (“Land of Hercules”) retail chains.