CEDC Appoints Vladimir Filiptsev as CEO of Russian Alcohol Group

       CEDC Appoints Vladimir Filiptsev as CEO of Russian Alcohol Group

PR Newswire

MT. LAUREL, N.J., Jan. 16, 2013

MT. LAUREL, N.J., Jan. 16, 2013 /PRNewswire/ --Central European Distribution
Corporation (NASDAQ: CEDC) announced today that it has appointed Vladimir
Filiptsev as CEO of Russian Alcohol Group, a CEDC subsidiary.

Mr. Filiptsev, a seasoned FMCG professional, has joined Russian Alcohol from
Roust Inc., the Russian spirits distribution company of Russian Standard,
where he had been CEO since 2011. Prior to Roust Inc., Mr. Filiptsev held
senior marketing and sales positions in Russia at SABMiller, Progress and
Wrigley. Mr. Filiptsev began his career at Coca-Cola, where he worked from
1992-1999.

Grant Winterton, CEO of CEDC, commented, "Vladimir's global and local brand
expertise in Russia's competitive consumer sector will be a tremendous asset
to Russian Alcohol Group, as the company charts an exciting new path of
growth. Vladimir has six years' experience in the vodka and alcohol segment,
strong knowledge of sales and marketing and a proven ability to build premium
alcohol brands. In addition, Vladimir's experience at Roust Inc. will be
beneficial to CEDC in light of the strategic alliance with Russian Standard,
the owner of Roust Inc."

About Central European Distribution Corporation
CEDC is one of the largest producers of vodka in the world and Central and
Eastern Europe's largest integrated spirit beverage business. CEDC produces
the Green Mark, Absolwent, Zubrowka, Bols, Parliament, Zhuravli, Royal and
Soplica brands, among others. CEDC currently exports its products to many
markets around the world, including the United States, England, France and
Japan.

CEDC also is a leading importer of alcoholic beverages in Poland, Russia and
Hungary. In Poland, CEDC imports many of the world's leading brands, including
Carlo Rossi Wines, Concha y Toro wines, Metaxa Liqueur, Remy Martin Cognac,
Sutter Home wines, Grant's Whisky, Jagermeister, E&J Gallo, Jim Beam Bourbon,
Sierra Tequila, Teacher's Whisky, Campari, Cinzano and Old Smuggler. CEDC is
also a leading importer of premium spirits and wines in Russia with such
brands as Concha y Toro, among others.

About Russian Standard Corporation
Russian Standard Corporation is one of Russia's most successful private
companies with business interests in premium vodka, spirits distribution,
banking and insurance. Russian Standard Vodka is the global leader in
authentic Russian premium vodka and the only Russian global brand with sales
in over 75 markets around the world. Its 2012 sales exceeded 2.9 million
9-liter cases. Roust Inc. is one of Russia's leading premium spirits
distributors, representing such well-known brands as Gancia, Remy Martin,
Metaxa, St Remy, Cointreau, Jagermeister, Molinari, Whyte & Mackay, and
Dalmore. In 2011, Russian Standard acquired a 70% stake in Gancia SPA, the
legendary Italian wine-making company that created the first Italian sparkling
wine. With 2000 hectares of vineyards, 5 million kilograms of grapes vinified,
Gancia produces around 25 million bottles of sparkling wine, wines and
aperitifs each year. Russian Standard Bank is the largest privately owned
financial institution in Russia and is a leader in the Russian consumer
finance market, including consumer loans and credit cards. Since 1999 the Bank
has been setting new standards in consumer banking, with over 25 million
clients, over US$45 billion in loans granted and 35 million credit cards
issued. Russian Standard Bank is the exclusive issuer and service provider for
American Express and Diners Club Internationalcards in Russia.

Russian Standard Corporation has over 19,000 employees working in offices in
Moscow, St Petersburg, New York, Paris, London and Kiev. The total assets of
Russian Standard Corporation exceed US$5 billion.

Cautionary Statement about Forward-Looking Information
This press release contains forward looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995, including, without
limitation, statements about the expected effects of CEDC management changes
announced. Forward looking statements are based on our knowledge of facts as
of the date hereof and involve known and unknown risks and uncertainties that
may cause the actual results, performance or achievements of CEDC to be
materially different from any future results, performance or achievements
expressed or implied by our forward looking statements.

Investors are cautioned that forward looking statements are not guarantees of
future performance and that undue reliance should not be placed on such
statements. CEDC undertakes no obligation to publicly update or revise any
forward looking statements or to make any other forward looking statements,
whether as a result of new information, future events or otherwise, unless
required to do so by securities laws. Investors are referred to the full
discussion of risks and uncertainties included in CEDC's Form 10-K/A for the
fiscal year ended December 31, 2011, filed with the SEC on October 5, 2012,
including statements made under the caption "Item 1A. Risks Relating to Our
Business," and in other documents filed by CEDC with the United States
Securities and Exchange Commission.

Contact

Anna Załuska
Corporate PR Manager
Central European Distribution Corporation
48-22-456-6061

Oleg Yegorov
Russian Standard Corporation
7-495-967-0990

SOURCE Central European Distribution Corporation
 
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