X5 Buys GDRs
30 Sep 2008

Amsterdam, 30 September 2008 - X5 Retail Group N.V. (“X5” or the “Company”), Russia's largest retailer in terms of sales (LSE ticker: “FIVE”), announces today that during the period of time from 9 September through 11 September 2008 its wholly owned subsidiary Perekrestok Holdings Limited purchased the aggregate amount of 49,600 Global Depositary Receipts (“GDRs”) representing shares in the capital of its parent company X5 Retail Group N.V., at an average market price of USD 20.657 per GDR in order to fund its Employee Stock Option Plan.  Following these transactions as of 30 September 2008 X5 owns 287,082 GDRs as Treasury Stock.

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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