1. 2010 Corporate Calendar incl. release and black-out dates
As of 18 January 2010

2. Corporate Calendar 2010 Final Version of Financials to SB/AC
Press Release
to AC
Publication
Date
AC Meeting
SB Meeting
Q4 2009
Trading Update
Fri, 15 Jan
Mon, 18 Jan*
Tue, 19 Jan
Thu, 11 March
Thu, 11 March
FY 2009
Audited IFRS Results,
SB, MB & CG Reports
Fri, 2 Apr
Tue, 6 Apr
Thu, 8 Apr
Thu, 15 Apr
Thu, 8 Apr
Q1 2010
Trading Update
Wed, 7 Apr
Thu, 8 Apr
Fri, 9 Apr
Financial Results,
reviewed by auditors
Fri, 21 May
Tue, 25 May
Wed, 26 May*
Thu, 27 May
AGM
10 Jun
Strategy Committee Meeting
Tue-Wed, 6-7 Jul
Q2 2010
Trading Update
Wed, 7 Jul
Thu, 8 Jul
Fri, 9 Jul
Thu, 8 Jul
Financial Results,
reviewed by auditors
Fri, 20 Aug
Tue, 24 Aug
Wed, 25 Aug*
Thu, 26 Aug
Thu, 9 Sep
Thu, 9 Sep
Q3 2010
Trading Update
Thu, 7 Oct
Fri, 8 Oct*
Mon, 11 Oct
Financial Results,
reviewed by auditors
Fri, 19 Nov
Wed, 24 Nov
Thu, 25 Nov
Mon, 29 Nov
Thu, 25 Nov
* By telephone

3. Definition of Black-Out Periods…
…The Code* adheres to both Dutch and UK requirements for the definition of black-out periods:
                                   
the period of 60 days immediately preceding a preliminary announcement of the Company's annual results or of its annual financial report (or, if shorter, the period from the end of the relevant financial year up to and including the time of the announcement or publication);
the period of 30 days immediately preceding the announcement of the Company's quarterly and/or half yearly results (or, if shorter, the period from the end of the relevant financial period up to and including the time of the announcement or publication);
the period between the publication of the Company’s Trading Updates and the end of the immediately preceding quarterly financial period;
the period of one month prior to the first publication of a prospectus with respect to an offer of securities (effecten) within the meaning of the Prospectus Directive to be issued by the Company, except if the period of decision-making prior to the publication of the prospectus is shorter than one month, in which case the trading prohibition will be applicable during this shorter period; or
the period of twenty-one days before the announcement of an (interim) dividend; or
any period when there exists any matter which constitutes Inside Information in relation to the relevant company.
* Code of Conduct with Regard to Inside Information of X5 Retail Group

4. X5 Black-Out Periods 2010 2010 Publication Date 2010 Black-Out Periods
Comments
Q4 2009
Trading Update
Tuesday, 19 January 2010
1 January – 19 January*
Period from the end of the reporting period through the publication date
FY 2009
Audited IFRS Results,
SB, MB & CG Reports
Thursday, 15 April 2010
14 February – 15 April*
60 days preceding the announcement
Q1 2010
Period from the end of the reporting period through the publication date
Trading Update
Friday, 9 April 2010
1 April – 9 April*
Q1 2010
Financial Results, reviewed by auditors
Thursday, 27 May 2010
27 April – 27 May*
30 days preceding the announcement
Q2 2010
Period from the end of the reporting period through the publication date
Trading Update
Friday, 9 July 2010
1 July – 9 July*
Q2 2010
Financial Results, reviewed by auditors
Thursday, 26 August 2010
27 July – 26 Aug*
30 days preceding the announcement
Period from the end of the reporting period through the publication date
Q3 2010
Trading Update
Monday, 11 October 2010
1 October – 11 October*
Q3 2010
Financial Results, reviewed by auditors
Monday, 29 November 2010
30 October – 29 November*
30 days preceding the announcement
* Both dates are included in the respective black-out period

5. X5 Black-Out Periods Calendar 2010