X5 Retail Regulatory News (FIVE)

20 Feb 2008 07:00

X5 Retail Group N.V.20 February 2008 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN Alexander Kosiyanenko resigns as member of X5 supervisory board Amsterdam, 20 February 2008 - X5 Retail Group N.V., Russia's largest foodretailer in terms of sales (LSE ticker: "FIVE"), announced today Mr. AlexanderKosiyanenko's resignation as a member of its Supervisory Board. As per 13 February 2008 Mr. Alexander Kosiyanenko resigned as a member of theSupervisory Board of X5 Retail Group due to his intention to concentrate onother business areas and sectors of the economy. Mr. Kosiyanenko helped to found Perekrestok in 1994 and from that time until May2006 held the position of Chief Executive Officer of that company, buildingPerekrestok into one of the largest supermarket chains and leading retailers inRussia. Following Perekrestok's merger with Pyaterochka in May 2006, Mr.Kosiyanenko served on the Supervisory Board of X5 Retail Group N.V. During hisyears of office Mr. Kosiyanenko contributed significantly to the overallstrategy and development of the Group. A replacement for Mr. Kosiyanenko, in accordance with the Rules governing thePrinciples and Practices of the Supervisory Board, is being considered and thedecision will be announced in due course. For further details please contact Anna Kareva Elena CherkalovaIR Director PR ManagerTel.: +7 (495) 980-2729, ext. 22 162 Tel.: +7 (495) 950-5577e-mail: anna.kareva@x5.ru e-mail: elena.cherkalova@x5.ru Note to Editors: X5 Retail Group N.V. is Russia's largest food retailer in terms of sales. TheCompany was created as a result of a merger between Pyaterochka (soft discounterchain) and Perekrestok (supermarket chain) on 18 May 2006. As of 31 December 2007, the Group had 674 Company managed soft discount storeslocated in Moscow (309), St. Petersburg (244) and other Russian areas (121), 179Company managed supermarkets across Central Russia and Ukraine, including 105stores in Moscow (Moscow region and Yaroslavl region), and 15 Company managedhypermarkets. As of 31 December 2007, X5's franchisees operated 688 stores across Russia andKazakhstan. The Group's net sales for the first nine months 2007 reached USD 3,618 million,an increase of 50% year-on-year. Gross profit for the period totaled USD 946million, EBITDA amounted to USD 311 million. X5 Retail Group's full year 2007net retail sales surged 53% year-on-year to 5,284 mln. Forward looking statements: This announcement includes statements that are, or may be deemed to be, "forward-looking statements". These forward-looking statements can be identified by the fact that they do not only relate to historical or current events. Forward-looking statements often use words such as" anticipate", "target", "expect", "estimate", "intend", "expected", "plan", "goal" believe", or other words of similar meaning. By their nature, forward-looking statements involve risk and uncertainty becausethey relate to future events and circumstances, a number of which are beyond X5Retail Group N.V.'s control. As a result, actual future results may differmaterially from the plans, goals and expectations set out in theseforward-looking statements. Any forward-looking statements made by or on behalf of X5 Retail Group N.V.speak only as at the date of this announcement. Save as required by anyapplicable laws or regulations, X5 Retail Group N.V. undertakes no obligationpublicly to release the results of any revisions to any forward-lookingstatements in this document that may occur due to any change in its expectationsor to reflect events or circumstances after the date of this document. This information is provided by RNS The company news service from the London Stock Exchange