OREANDA-NEWS. January 24, 2012. X5 Retail Group N.V., Russia's largest retailer in terms of revenue (LSE ticker: “FIVE”), announced today its retail sales and operational performance for the fourth quarter and full year of 2011.

X5 RETAIL GROUP REPORTS Q4 & FY 2011 TRADING RESULTS(

Amsterdam, 20 January 2012 - X5 Retail Group N.V., Russia's largest retailer in terms of revenue (LSE ticker: "FIVE"), announced today its retail sales and operational performance for the fourth quarter and full year of 2011.

Q4 2011 Highlights

FY 2011 Highlights

• Consolidated net retail sales increased 16% year-on-year in RUR terms to RUR 123,316 mln or 14% in USD terms to USD 3,955 mln;

• Consolidated net retail sales increased 32% year-on-year in RUR terms to RUR 452,482 mln or 37% in USD terms to USD 15,397 mln;

• X5's LFL sales decreased by 2% in RUR terms year-on-year;

• X5's LFL sales grew 6% in RUR terms year-on-year;

• 217 stores added organically on a net basis in Q4 2011, including 198 soft discounters, nine supermarkets, five hypermarkets and five convenience stores;

• 577 stores added organically on a net basis in FY 2011, including 526 soft discounters, 20 supermarkets, six hypermarkets, 25 convenience stores;

• X5 converted 616 Kopeyka stores (607 as soft discounters and nine as supermarkets) and closed 44 acquired stores;

• Net addition of 86 thousand sq. m. of selling space.

• Net addition of 172 thousand sq. m. of selling space.

X5 Retail Group CEфO Andrei Gusev commented:

"X5 drove top-line growth of 37% in USD terms this year and maintained its market leadership position with USD 15.4 bln in annual sales. Execution of our organic expansion plan was well in excess of our objectives, with a record 577 net new stores openings in 2011.

"Whereas X5's results in 2010 and the first half of 2011 benefited from stronger consumer spending and trading up trends bolstered by economic recovery, the picture has reversed in the third and fourth quarter of this year. The tougher market environment, a strong comparative base effect and consolidation of Kopeyka from December 2010 are reflected in X5's Q4 2011 trading results. "