X5 to Begin Placement of Corporate Bonds for Total Amount of RUR 8 Bln on 11 June 2009
05 Jun 2009

Amsterdam, 05 June 2009 - X5 Retail Group N.V., Russia's largest retailer in terms of sales (LSE ticker: “FIVE”), today announced that it plans to issue RUR 8 bln of corporate ruble bonds with a 7-year maturity and a put option in 2 years, through its 100%-owned subsidiary ZAO X5 FINANCE. The placement via open subscription will commence 11 June 2009.

X5 Retail Group CFO Evgeny Kornilov commented:
“We believe that Russian ruble bond market begins offering interesting opportunities to quality borrowers and plan to take this chance to improve our debt structure and maturity profile”.

ZAO Raiffeisenbank and CJSC “VTB Capital” are Lead Managers of this bond issue, Alfa-Bank Russia is Co-Lead Manager.

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 three primary retail investments held by X5 include leading supermarket chain Perekrestok, leading soft discounter chain Pyaterochka and Karusel, one of the leading hypermarket chains in Russia.

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