Amsterdam, 15 December 2011
X5 Retail Group N.V. (“Company”), Russia’s largest retailer in terms of sales (LSE ticker: “FIVE”), today announced that it has converted its final tranche of USD-denominated 400 mln debt to Rubles thus completing the process of fully denominating X5’s debt portfolio only in local currency. The conversion took place at a USD/RUR exchange rate of 30.74.