X5 RETAIL GROUP N.V. reports USD 427 million in operating cash flow for 2007 on the back of strong operational results and working capital impro vement

Amsterdam, 17 April 2008

X5 Retail Group N.V. (“X5” or the “Company”), Russia’s largest food retailer in terms of sales (LSE ticker: “FIVE”), published today its audited IFRS results for the full year ended 31 December 2007.