22nd Apr 2008 16:20
X5 Retail Group N.V.22 April 2008 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN TATYANA FRANUS RESIGNS AS MEMBER OF X5 SUPERVISORY BOARD Amsterdam, 22 April 2008 - X5 Retail Group N.V., Russia's largest food retailerin terms of sales (LSE ticker: "FIVE"), announced today Ms. Tatyana Franus'resignation as a member of its Supervisory Board. Together with Mr Andrei Rogachev, who tendered his resignation from theSupervisory Board on Monday, 21 April 2008, Ms. Franus is a founding member ofPyaterochka. She will resign from the Supervisory Board of X5 Retail Group N.V.effective from 23 April 2008 in order to concentrate on her other businessactivities. The Supervisory Board will consider a replacement for Ms. Franus, which will besubject to prior approval by the general meeting of shareholders of X5 RetailGroup N.V. 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: [email protected] e-mail: [email protected] 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 full year 2007 reached USD 5,320 mln, an increaseof 53% year-on-year. Gross profit for the period totaled USD 1,404 mln, EBITDAamounted to USD 479 mln. Full year 2007 net income reached USD 141 mln. Forward looking statements: This announcement includes statements that are, or may be deemed to be, "forward-looking statements". These forward-looking statements can beidentified by the fact that they do not only relate to historical or currentevents. 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 ExchangeRelated Shares:
X5 Retail