Amsterdam, 22 May 2007
X5 Retail Group N.V. (the “Company”), Russia’s largest food retailer in terms of sales, invites its shareholders/holders of global depository receipts (“GDRs”) to its annual general meeting of shareholders to be held at Prins Bernhardplein 200, 1097 JB Amsterdam, The Netherlands at 11.00 am CET on 16 June 2008 (hereinafter: the "AGM"). The record date for the AGM is 22 May 2008.