X5 Retail Group N.V. Fulfills Its Obligations on Karusel Rouble Bonds Under Put Option
18 Sep 2008

Amsterdam, 18 September 2008 - X5 Retail Group N.V.(“X5”), Russia's largest retailer in terms of
sales (LSE ticker: “FIVE”), announces today that Karusel Finance, controlled by X5, has fulfilled its
obligations on Karusel Finance bonds in accordance with the put option. The Company has also paid
to the bondholders the full amount of the fourth coupon - RUR 145.9 mln (approximately USD 5.7
mln).

For reference:
* Non-convertible interest-bearing RUR-denominated corporate bond issue series 01, registration
# 4-01-36167-R as of 01 August 2006. Par value of the issue is RUR 3 bln (3,000,000 bonds at
RUR 1,000 par each). In accordance with the terms of the issue, the next put option date is 17
September 2009. The bond matures on 12 September 2013. Rate on the coupons five to 14 is set at
12.00% p.a.
For

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.

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