25 November 2009

X5 to acquire Paterson supermarket chain

Amsterdam, 25 November 2009

X5 Retail Group N.V., Russia’s largest retailer in terms of sales (LSE ticker: “FIVE”), today announced that following the approval of its Supervisory Board, it has signed an agreement to acquire 100% of the business and assets of Paterson supermarket chain ("Paterson") from a holding company CorpInvest Inc. Regulatory approval for the transaction was received on 27 October 2009 when the Russian Federal Anti-Monopoly Service granted its unconditional consent. X5 expects to complete the transaction by mid-December 2009.