Dear all,

In response to several requests to reschedule the retail law call because of Pharmastandard's results conference call scheduled for the same time, we are pleased to inform you that X5 will hold its conference call for investors and analysts on the draft retail law on Tuesday, 21 July 2009 at 4.30 pm Moscow time / 1.30 pmUK time / 8.30 am East Coast. 

The  call  will be hosted by Lev Khasis, Group CEO, Evgeny Kornilov, Group CFO and Anna Kareva, IR Director.

The details remain unchanged and 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#