RU
08 October 2007

X5 RETAIL GROUP to launch a new franchising program of convenience store format

Amsterdam, October, 8, 2007

X5 Retail Group N.V., the largest Russian food retailer in terms of sales (LSE ticker: “FIVE”), announced today that it signed an agreement in principle to create a joint venture to launch a new franchising program of convenience stores across Moscow, St. Petersburg and their respective regions.