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11 July 2006

PYATEROCHKA HOLDING N.V. GDR PURCHASE PROGRAMME UPDATE

On 10 July 2006, Pyaterochka Holding N.V. purchased 40,000 company GDRs at a gross price of $17.00 per GDR. This purchase was made as part of the company’s 2006 GDR purchase programme, launched on 30 June 2006. The GDRs will be held as treasury stock and will be used to meet the company’s obligations under its employee stock option programme.