OREANDA-NEWS. September 29, 2010. X5 Retail Group N.V. (“Company”), Russia’s largest retailer in terms of sales (LSE ticker: “FIVE”), announced that X5 and Sberbank have signed a five year credit facility for USD 500 million in RUR equivalent, with final maturity date in December 2015. The facility will be in a format of a multipurpose credit line. Parties have also agreed to sign the facility on unsecured basis. Credit terms are comparable to the credit terms provided by the leading western banks. The credit line can be utilized in several tranches with varying maturities up to 3 years.

Lev Khasis, X5 Retail Group CEO, commented:

“We are proud to build on the successful partnership between X5 Retail Group and Sberbank of Russia. We are delighted to extend our long-term relationship with this additional USD 500 million credit facility, which we see as another step in the growing cooperation between Russia’s largest bank and Russia’s largest retailer. X5’s access to substantial long-term financial resources will enable us to seize new opportunities for strategic development and make valuable contributions to Russian retail market development.”