OREANDA-NEWS. June 21, 2011. X5 Retail Group N.V. (the “Company”), Russia's largest retailer in terms of sales, today announced the results of the Annual General Meeting of shareholders (“AGM”) held on 20 June 2011. All the resolutions proposed at the AGM were approved by the shareholders and holders of global depository receipts.

The key items resolved at the AGM include the adoption of the annual accounts for the financial year 2010, as well as the appointment of Mr. Andrei Gusev as member of the Management Board and Chief Executive Officer and the re-appointment of Mr. Frank Lhoest as member of the Management Board and Company Secretary. Both appointments are for a period of four years ending on the day of the Annual General Meeting in 2015.