X5 Supervisory Board Recommends Shareholders' Meeting to Extend Lev Khasis’ Term as CEO for Four Years
27 Nov 2009

Amsterdam, 27 November 2009 - X5 Retail Group N.V., Russia's largest retailer in terms of sales (LSE ticker: “FIVE”), today announced the decision of the Company’s Supervisory Board to recommend to X5's General Meeting of Shareholders to extend Lev Khasis' term as the CEO, which expires in May 2010, for another four years.

Chairman of X5's Supervisory Board Hervé Defforey commented:
"Lev Khasis has played a key role in creating X5 Retail Group in 2006 and shaping the Company into what it is today - Russia's number one retailer and the most successful multiformat operator. The Supervisory Board looks forward to having Lev Khasis bring X5 to the next level of development over his next term."

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 four primary retail investments held by X5 include leading supermarket chain Perekrestok, leading soft discounter chain Pyaterochka, Kopeyka, a leading discount grocery retailer, and Karusel, one of the leading hypermarket chains in Russia.

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