X5 Retail Regulatory News (FIVE)

18 Jan 2008 15:55

X5 Retail Group N.V.18 January 2008 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN X5 EGM APPROVES EVGENY KORNILOV AS DIRECTOR A and GROUP CFO Amsterdam, 18 January 2008 - X5 Retail Group N.V., Russia's largest foodretailer in terms of sales (LSE ticker: "FIVE"), is pleased to announce theapproval by the Extraordinary General Meeting of Shareholders (EGM) of theappointment of Evgeny Kornilov as X5 Retail Group Director A and Chief FinancialOfficer with effect per the date of the EGM for a period of four years. Evgeny Kornilov was appointed Deputy CFO of X5 in 2007, a year after he joinedthe Group in August 2006 as CFO of Perekrestok. As Deputy CFO of the Group, hisresponsibilities have included Financial Planning and Reporting. Evgeny was bornin 1969 in Kazan. He graduated from the Moscow Foreign Affairs University with adegree in Economics, International Trade and Foreign Languages. Prior tojoining X5, Evgeny worked as CFO of SUN Interbrew in Russia. In 1992-1999 heworked in Management Consultancy and Audit Services of PriceWaterhouseCoopers,Russia. Minutes of the meeting will be available shortly online at www.x5.ru. For further details please contact Elena Cherkalova Anna KarevaPR manager IR DirectorTel.: +7 (495) 662-88-88 Tel.: +7 (495) 980-2729, ext. 22162e-mail: elena.cherkalova@x5.ru e-mail: anna.kareva@x5.ru Note to Editors: X5 Retail Group N.V. is Russia's largest food retailer in terms of sales. As of30 September 2007, the Group had 573 company-managed soft discount storeslocated in Moscow (256), St. Petersburg (234) and other Russian areas (83), 163company managed supermarkets across Central Russia and Ukraine, including 101stores in Moscow (Moscow region and Yaroslavl region), and 13 company managedhypermarkets. As of 30 September 2007, X5's franchisees operated 627 stores across Russia andKazakhstan. Pyaterochka and Perekrestok have merged their operations as of 18 May 2006 tocreate the clear leader in the Russian food retail market. The Group's Net sales for the 1H 2007 were US$ 2,348 million, up +49% vs. 1H2006. Pyaterochka chain provided US$ 1,306 million of net sales; the Perekrestokchain contributed US$ 1,042 million of net sales. Forward looking statements: This announcement includes statements that are, or may be deemed to be, "forward-looking statements". These forward-looking statements can be identifiedby 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 otherwords 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