X5 Retail Regulatory News (FIVE)

21 Aug 2006 12:20

Pyaterochka Holding N.V.21 August 2006 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN 21 August 2006 PYATEROCHKA HOLDING N.V. ANNOUNCES MANAGEMENT APPOINTMENTS Pyaterochka Holding N.V., Russia's largest food retailer in terms of sales,announced today the following management appointments: With the goals of developing commercial relations with foreign suppliers andorganizing cooperation with international chains, a new management position hasbeen created - Vice President for International Development. From 1 October2006, Pawel Musial will take over as Vice President for InternationalDevelopment. Pawel Musial will also continue in his current role as CEO of thePerekrestok chain through 31 December 2006. On 15 August 2006, Dariusz Bator was named COO of the Perekrestok chain. From 1January 2007, Mr. Bator will take over as CEO of the Perekrestok chain. Mr.Bator has worked in Perekrestok since March 2006 as Director for the CityHypermarket segment. Prior to joining Perekrestok, Mr. Bator was a regionaldirector with Tesco in Poland. "Management recognizes that one of the most important strategic challenges weface is the organization of commercial relations with international partners -both with major international chains and with European suppliers, which willgive us an additional strategic advantage," commented Group Chief ExecutiveOfficer, Lev Khasis. "We believe that Pawel Musial, with his long andsuccessful career in European retail - is the optimal candidate to help us toachieve these goals. "The nomination of Dariusz Bator as CEO of the Perekrestok chain, a Europeanspecialist in the hypermarket format, is indicative of our plans to continue togrow the city hypermarket format within the Perkrestok chain, in parallel withour expansion of the supermarket format," Dr. Khasis added. . Biographies Pawel Musial - 10 years of experience in modern retailing. CEO of Perekrestokchain since 1 June 2006. COO of the Perekrestok chain since 2004. From 2002 -2004, regional operational director for Tesco (Great Britain). Prior to 2002,director of hypermarkets of the chains Tesco, Hit (Germany), and director formarketing for the chains Robert and Auchan (Poland, France). Born in 1968,graduated from Warsaw University and Warsaw's Agricultural Academy. Dariusz Bator - 12 years of experience in modern retailing. Since March 2006Director for City Hypermarkets for the Perekrestok chain. Prior to 2006 grewfrom a hypermarket manager to regional director with Tesco (Poland). Prior to1998, worked for Macro Cash&Carry, Metro Group (Poland) as manager for food andnon-food, and as director of a hypermarket Macro Cash&Carry. Born in 1966, in1991 graduated from the Agricultural University; in 1994 graduated from theEconomics University in Roslava (Poland). Note to Editors: Pyaterochka Holding N.V. is Russia's largest food retailer in terms of sales.The group has 391 company-managed "Pyaterochka" soft discount stores located inthe Moscow (187), St. Petersburg (185) and Yekaterinburg (19) areas, and 133company-managed "Perekrestok" supermarkets across 14 regions of Central Russiaand Ukraine, including 78 stores in Moscow, as of 30 June 2006. Pyaterochka and Perekrestok have merged their operations as of 18 May 2006 tocreate the clear leader in the Russian food retail market. Pyaterochka's 2005 net sales (pre-merger) reached USD 1,359 million, with grossbanner sales in 2005 of over USD 2 billion. Perekrestok net sales reached USD1,015 million in 2005. Pyaterochka's Q1 2006 net sales (pre-merger) reached USD 439 million, andPerekrestok Q1 2006 sales were USD 323 million. As of 30 June 2006, franchisees operated 479 Pyaterochka branded stores in 20regions of Russia, Ukraine and Kazakhstan. Perekrestok has 10 conveniencestores operated by franchisees in the Moscow area. - End - Enquiries to: Press Relations Perekrestok chain Tel +7 495 799 84 15 Investor Relations Pyaterochka Holding N.V. Tel +7 495 724 64 14 This information is provided by RNS The company news service from the London Stock Exchange