X5 Retail Group N.V., one of the leading companies on the Russian food retail market (Ticker on the London stock exchange "FIVE"), announces the appointment of Elena Milinovi for the post of the chief financial officer of X5 c October 15, 2014.

Elena Milanova has about 14 years experience in the financial sector in the largest Russian industrial companies and international companies providing services in the field of Finance. From 2011 to 2014 Elena held the positions of financial Director, Deputy Director-General, and was also a member of the Board of KAMAZ, Russia's leading commercial vehicle manufacturer. In the period from 2009 to 2011 and 2007 and 2009 respectively Elena Milanova held the position of Director for interaction with public authorities and the Director of corporate Finance "KAMAZ". Prior to that, she was CFO "Geotransgaz", a Russian company working in the oil and gas sector, and also headed the division of reporting and investor relations company "Sollers ST", one of the leading automobile companies. Career she started in the Russian office of the international audit company PricewaterhouseCoopers.

In 2013 Elena was recognized as the winner of the Russian CFO Awards in a special nomination "For revolutionary changes in the company". Elena Milanova will replace the post of the chief financial officer Sergey Piven.

X5 Retail Group N.V. (LSE: FIVE, Moody's - "B2", S&P - "B+"), one of the leading Russian food retailers. The company operates several retail trading networks: shops, economy-class brand Pyaterochka, supermarkets under the brand name "Crossroads", hypermarkets under the brand name "Carousel", shops "Express-Retail under various brands, as well as the online store "E5.RU". On June 30, 2014 under the Company's management was 4 779 shops with leading positions in Moscow and St. Petersburg and a significant presence in the European part of Russia. The Company's network includes 4128 of Pyaterochka stores, 387 Perekrestok supermarkets, 81 hypermarket "Carousel" and 183 store "Express". Under the Company's management is also 32 distribution center and 1 690 trucks on the territory of the Russian Federation. For 2013 the Company's revenue amounted to 534 560 million. EBITDA amounted to 38 350 million, and net profit amounted to 10 984 million. In the first half of 2014 revenue X5 amounted to 299 746 million. EBITDA amounted to 21 194 million, and net profit reached 6 449 million. Shareholders X5 are: "alpha-group" - 47,86%, founders of Pyaterochka - 14,43%, Director X5 - 0,03%, Treasury shares - 0,03%, free float - 37,65%.