Tatyana Franous Resigns as Member of X5 Supervisory Board
22 Apr 2008

Amsterdam, 22 April 2008 - X5 Retail Group N.V., Russia's largest food retailer in terms of sales (LSE ticker: "FIVE"), announced today Ms. Tatyana Franous' resignation as a member of its Supervisory Board.

Together with Mr. Andrei Rogachev, who tendered his resignation from the Supervisory Board on Monday, 21 April 2008, Ms. Franous is a founding member of Pyaterochka. She will resign from the Supervisory Board of X5 Retail Group N.V. effective from 23 April 2008 in order to concentrate on her other business activities.

The Supervisory Board will consider a replacement for Ms. Franous, which will be subject to prior approval by the general meeting of shareholders of X5 Retail Group N.V.

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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