27 November 2009

X5 Supervisory Board recommends Shareholders’ Meeting to extend Lev Khasis’ term as CEO for four years

Amsterdam, 27 November 2009

X5 Retail Group N.V., Russia’s largest retailer in terms of sales (LSE ticker: “FIVE”), today announced the decision of the Company’s Supervisory Board to recommend to X5’s General Meeting of Shareholders to extend Lev Khasis’ term as the CEO, which​ expires in May 2010, for another four years.