OREANDA-NEWS. On 19 June 2008 X5 Retail Group N.V. (the “Company”), Russia's largest food retailer in terms of sales, announced that all the proposed resolutions were passed by the shareholders at the Annual General Meeting held on 16 June 2008.

The key items that were approved at the AGM include the adoption of the financial statements for the financial year 2007, adjustment of the Employee Stock Option Plan in order to neutralise the economic effect of the Rights Offering completed in May 2008, and changes in the composition of the Supervisory Board, including the appointment of a new Supervisory Board member- the AGM approved the appointment of Mr. Alexander Tynkovan as a third independent director on the Company’s Board.