Dear all,

We are pleased to invite you to the conference call for investors and analysts on the draft retail law that was approved by the Government for submission to the State Duma.  The purpose of the call is to give an overview of the draft's key provision and to answer your questions. 

The call will be hosted by Lev Khasis, Group CEO, Evgeny Kornilov, Group CFO and Anna Kareva, IR Directoron Tuesday, 21 July 2009 at 17.00 Moscow time / 14.00 UK time / 09.00 East Coast.

The details are as follows: 

UK Toll Free:                                              0800 694 0257

Russia Toll Free:                                         8108 002 097 2044

USA Toll Free:                                            1866 966 9439

International Dial In:                                  +44 (0) 1452 555 566

Conference ID:             20913577   

If you are unable to participate at this time there will be an instant replay service available shortly after the Call has ended.  The replay will be available until COB Monday, 27 July 2009.  The telephone numbers for this service are:

International Dial in:                                  +44 (0) 1452 55 00 00

UK Free Call Dial In:                                  0800 953 1533

UK Local Dial In:                                       0845 245 5205

USA Free Call Dial In:                               1866 247 4222

Replay Access Number:      20913577#