X5 to convert recently acquired warehouse into flagship Karusel​​

Moscow, 11 November 2014

X5 Retail Group N.V., (“X5” or the “Company”), a leading Russian food retailer (LSE ticker: “FIVE”), announced today the purchase of a large, completed warehouse facility in the Moscow suburb of Krasnogorsk from Oriflame. A portion of the class “A” warehouse facility with total floor space of 21,000 square meters, will be converted into a Karusel hypermarket and the remaining space offered for sublease.