X5 RETAIL GROUP REPORTS RESULTS OF THE AGM

X5 RETAIL GROUP REPORTS RESULTS OF

THE ANNUAL GENERAL MEETING OF SHAREHOLDERS

Amsterdam, 28 June 2010 - X5 Retail Group N.V. (the "Company"), Russia's largest retailer in terms of sales, today announced that all the resolutions proposed at the Annual General Meeting of shareholders (hereinafter: the "AGM") held on 25 June 2010 were approved by the shareholders / holders of global depository receipts.

The key items approved at the AGM include the adoption of the annual accounts for the financial year 2009, re-appointment of two members of the Supervisory Board, and approval of the amended Remuneration Policy.

Shareholders approved re-appointment of Mr. Hervé Defforey and Mr. David Gould as members of the Supervisory Board for a new 4-year term.

As part of the amended Remuneration Policy, shareholders approved the Company's next generation long-term incentive program for members of the Management Board and other senior executives.

Minutes of the meeting can be found in the Corporate Governance section of the Company's web-site at http://www.x5.ru/en/corporate/general/.

Note to Editors:

X5 Retail Group N.V. is Russia's largest retailer in terms of sales. The Company was created as a result of a merger between Pyaterochka (soft discounter chain) and Perekrestok (supermarket chain) on 18 May 2006. In June 2008, X5 acquired Karusel hypermarket chain and substantially strengthened its position in hypermarket format.

As at 31 March 2010, X5 had 1,399 Company-managed stores located in Moscow, St. Petersburg and other regions of European Russia, Urals and Ukraine, including 1,063 soft discount stores, 276 supermarkets and 60 hypermarkets.

As at 31 March 2010, X5's franchisees operated 640 stores across Russia.

For the full year 2009 X5's net sales totaled USD 8,717 mln, EBITDA reached USD 736 mln, and net profit amounted to USD 165 mln.

For the first quarter 2010, net sales totaled USD 2,543 mln, EBITDA reached USD 179 mln.

X5 Shareholder structure is as follows: Alfa Group - 47.9%, founders of Pyaterochka - 23.1%, X5 Management - 1.9%, treasury shares - 0.1%, free float - 27.0%.

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 because they relate to future events and circumstances, a number of which are beyond X5 Retail Group N.V.'s control. As a result, actual future results may differ materially from the plans, goals and expectations set out in these forward-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 any applicable laws or regulations, X5 Retail Group N.V. undertakes no obligation publicly to release the results of any revisions to any forward-looking statements in this document that may occur due to any change in its expectations or to reflect events or circumstances after the date of this document.