Amsterdam, 13 April 2007
X5 Retail Group N.V., Russia’s leading retailer in terms of sales (LSE ticker: “FIVE”), today announced the decision of the Group Supervisory Board to approve the company’s five year business and financial strategy. In particular, the Supervisory Board supported the management proposal to make a secondary public offering of X5 new ordinary shares during 2007 to raise $ 1,0 billion to finance potential M&A deals and organic growth plans. The Group will disclose its business and financial targets and key parameters of the offering in due course.