Alfa Group Will Keep Its Stake In X5
10 Oct 2008
Amsterdam, 10 October 2008 - X5 Retail Group N.V., Russia's largest retailer in terms of
revenue (LSE ticker: “FIVE”), confirms that Alfa-Group will not sell or reduce its stake in the
Company.
Michail Fridman, Chairman of the Supervisory Board of Alfa-Group, commented:
“The situation with the pledged shares is totally under control and we see no risks associated
with potential loss or sale of these shares. Clearly, Alfa-Group is a long-term investor in X5,
we see huge growth potential in this company, plan to further develop it and do not rule out
further investments into it.”
Forward looking statements:
This announcement includes statements that are, or may be deemed to be, “forward-looking
statements”. These forward-looking statements can be identified by the fact that they do not
only relate to historical or current events. Forward-looking statements often use words such
as” anticipate”, “target”, “expect”, “estimate”, “intend”, “expected”, “plan”, “goal”
believe”, or other words of similar meaning.
By their nature, forward-looking statements involve risk and uncertainty because they relate to
future events and circumstances, a number of which are beyond X5 Retail Group N.V.'s
control. As a result, actual future results may differ materially from the plans, goals and
expectations set out in these forward-looking statements.
Any forward-looking statements made by or on behalf of X5 Retail Group N.V. speak only as at
the date of this announcement. Save as required by any applicable laws or regulations, X5
Retail Group N.V. undertakes no obligation publicly to release the results of any revisions to
any forward-looking statements in this document that may occur due to any change in its
expectations or to reflect events or circumstances after the date of this document.
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