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12 January 2006

PYATEROCHKA ANNOUNCES FY 2005 NET SALES OF US $1,359 MILLION

Pyaterochka’s gross banner sales grew 31% in 2005 to reach US $2,084 million. FY 2005 consolidated net sales reached US $1,359 million, up 23% from FY 2004. Net sales from St. Petersburg stores reached US $708 million, and Moscow stores contributed net sales of US $644 million. Net franchise revenue was US $7 million.