OREANDA-NEWS. On June 15, 2007 X5 Retail Group N.V., Russia's largest food retailer in terms of sales, confirmed that all resolutions proposed at the Annual General Meeting of the Company held today were passed by shareholders, reported the press-centre of  X5 Retail Group N.V.

Minutes of the meeting will be available shortly online at www.x5.ru.

Enquiries to:

X5 Retail Group N.V.
Gennady Frolov
Head of Corporate Communications
Office +7 495 950 5577 ext. 10130
Mobile +7 495 998 3335
Email gennady.frolov@x5.ru

Note to Edito
X5 Retail Group N.V. is Russia's largest food retailer in terms of sales. As of 31 March 2007, the Group had 512 company-managed "Pyaterochka" soft discount stores located in the Moscow (232), St. Petersburg (215) and other Russian areas (65), and 169 company-managed "Perekrestok" supermarkets across Central Russia and Ukraine, including 99 stores in Moscow.

As of 31 March 2007, franchisees operated 533 Pyaterochka branded stores across Russia and Kazakhstan.  Perekrestok had 10 stores operated by franchisees in the Moscow area.  

Pyaterochka and Perekrestok have merged their operations as of 18 May 2006 to create the clear leader in the Russian food retail market.  

The Group’s audited pro-forma net sales for the FY 2006 were US $3,551 million, up +50% vs. 2005. Pyaterochka chain provided US $1,973 million of net sales, the Perekrestok chain contributed US $1,496 million of net sales, and Merkado chain contributed US $ 82 million.