Amsterdam, 22 February 2011
X5 Retail Group N.V. (the “Company”), Russia’s largest retailer in terms of sales, announced today the approval by the Extraordinary General Meeting of Shareholders of the appointment of Mr. Kieran Balfe as Chief Financial Officer and member of the Management Board of the Company (Director “A”) with immediate effect for a period of four years ending on the day of the Annual General Meeting in 2015.