X5 Retail Group N.V. Results of AGM
17 Jun 2008

Amsterdam, 17 June 2008 – X5 Retail Group N.V. (the “Company”), Russia's largest food retailer in terms of sales, today announced that all the proposed resolutions were passed by the shareholders at the Annual General Meeting held on 16 June 2008.

The key items that were approved at the AGM include the adoption of the financial statements for the financial year 2007, adjustment of the Employee Stock Option Plan in order to neutralise the economic effect of the Rights Offering completed in May 2008, and changes in the composition of the Supervisory Board, including the appointment of a new Supervisory Board member- the AGM approved the appointment of Mr. Alexander Tynkovan as a third independent director on the Company’s Board. 

Minutes of the meeting are available online at http://www.x5.ru/.

***
Mr. Tynkovan, a Russian citizen born in 1967 is the founder and CEO of M.Video, a leading Russian retail network for selling consumer electronics and home appliances with 13% of the federal market share.  М.Video is the first and the only public company in its segment. Mr. Tynkovan graduated from the Moscow Power Engineering Institute, majoring in Aircraft Electric Equipment.  Mr. Tynkovan has no shareholding in the Company.

X5 Retail Group N.V.

LSE-Listed X5 Retail Group N.V. is Russia’s largest food retailer in terms of sales and the only multi-format operator in Russia and with a growing presence in Ukraine and Kazakhstan.  The two primary retail investments held by X5 include leading supermarket chain Perkerestok and Pyaterochka, one of the largest Russian discounter supermarket chains.  X5 uses a multi-format strategy to simultaneously develop three formats: discounters, supermarkets and hypermarkets.

SEARCH