OREANDA-NEWS. July 07, 2010. X5 Retail Group N.V. (the “Company”), Russia's largest retailer in terms of sales, announced that all the resolutions proposed at the Annual General Meeting of shareholders (hereinafter: the “AGM”) 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. Herve 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 website at http://www.x5.ru/en/corporate/general/.

LSE-Listed X5 Retail Group N.V. is Russia’s largest food retailer in terms of sales and the only multi-format operator in Russia and with a growing presence in Ukraine and Kazakhstan. The three primary retail investments held by X5 include leading supermarket chain Perekrestok, leading soft discounter chain Pyaterochka and Karusel, one of the leading hypermarket chains in Russia.