OREANDA-NEWS  On 27 November Dixy Group – one of the leading food retailers in the Russian Federation - announced the results of placement of additional issue of ordinary shares of OJSC “DIXY Group”.

State registration number: 1-02-40420-H-002D of October 16, 2008. The share price was set forth in the Protocol # 17/2008 of the meeting of the Board of Directors of the OJSC “DIXY Group” of November 12, 2008.

The share price of the additional issue of ordinary shares of OJSC “DIXY Group” was set at 2 (two) US dollars per one share. Shares could be paid for in Russian roubles or in a foreign currency at Central Bank of Russia rate as of the date of payment. The Company has issued 26,000,000 (26 million) shares with the nominal price of 0.01 roubles per share.

Preemptive right for the acquisition of additional shares for existing shareholders of the Company (as of July 14, 2008) was in force from October 23 to November 11, 2008. Existing shareholders of the Company sent 47 applications for a total of 23,408,535 shares.

Payments for shares purchased under the preemptive right scheme were accepted from November 13 to November 19, 2008 inclusively. Overall, the existing shareholders bought 17,264,142 shares under the preemptive rights scheme for a total equivalent of 963,609,078 Russian rubles. 8,735,858 shares were left for placement among all other investors after the acquisition by preemptive right.

The Company placed 100% of the 26,000,000 shares issued. Additionally, in accordance with the disclosure rules of Federal Commission on Financial Markets,
before November 27, 2008 the Company plans to announce the following additional parameters of the placement of additional issue of shares:

Information on large shareholders whose share exceed 5% after the placement Results of participation in the placement of the members of the Board of Directors of the Company Results of participation in the placement of the managers of the Company.