Alexander Kosiyanenko Resigns as a Member of X5 Retail Group N.V. Supervisory Board
20 Feb 2008

Amsterdam, 20 February 2008 - X5 Retail Group N.V., Russia's largest food retailer in terms of sales (LSE ticker: “FIVE”), announced today Mr. Alexander Kosiyanenko’s resignation as a member of its Supervisory Board. 

As per 13 February 2008 Mr. Alexander Kosiyanenko resigned as a member of the Supervisory Board of X5 Retail Group due to his intention to concentrate on other business areas and sectors of the economy.

Mr. Kosiyanenko helped to found Perekrestok in 1994 and from that time until May 2006 held the position of Chief Executive Officer of that company, building Perekrestok into one of the largest supermarket chains and leading retailers in Russia. Following Perekrestok’s merger with Pyaterochka in May 2006, Mr. Kosiyanenko served on the Supervisory Board of X5 Retail Group N.V.  During his years of office Mr. Kosiyanenko contributed significantly to the overall strategy and development of the Group.

A replacement for Mr. Kosiyanenko, in accordance with the Rules governing the Principles and Practices of the Supervisory Board, is being considered and the decision will be announced in due course.

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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