OREANDA-NEWS  On 17 October X5 Retail Group N.V., Russia's largest retailer in terms of revenue (LSE ticker: “FIVE”), published its retail sales and expansion results for the quarter and nine months ended 30 September 2008.

Q3 2008 Highlights

Net retail sales* including Karusel on proforma basis totaled USD 2,177 mln – an increase of 48% year-on-year (year-onyear growth on consolidation basis totaled 73%);

• Pro-forma LFL sales increased 21%;

• In Q3 2008 X5 added net 36 stores;

• In Q3 2008 net addition of selling space equaled 31.2 thousand sq.m.;

• All of the acquired Karusel stores were relaunched on new IT platform ahead of schedule.

9M 2008 Highlights

Net retail sales including Karusel on proforma basis totaled USD 6,479 mln – an increase of 56% year-on-year (year-onyear growth on consolidation basis totaled 65%);

• Pro-forma LFL sales increased 25%;

• In the first nine months 2008 X5 added net 159 stores, including 24** acquired Karusel hypermarkets;

• In the first nine months 2008 net addition of selling space equaled 213.8 thousand sq.m., including 138.0 thousand sq. m. of acquired Karusel hypermarkets

Detailed information are available here.