Dear All!

We are happy to inform you that X5 will issue its Q1 2009 Financial Results on Thursday, May 28, at around 10am Moscow time.  Later that day the Company will host a conference call for investors and analysts to discuss recent Company developments and results.

We will send out the invitation to the conference call with confirmed time of the call and the dial-in details on Monday, May 25.

Please do not hesitate to contact us should you have any questions.