CEDC Board of Directors appoints Ryan Lee as CFO

               CEDC Board of Directors appoints Ryan Lee as CFO

PR Newswire

MT. LAUREL, N.J., Jan. 22, 2013

MT. LAUREL,N.J., Jan. 22, 2013 /PRNewswire/ --Central European Distribution
Corporation (NASDAQ: CEDC) announced today that it had appointed Mr. Ryan Lee
as Chief Financial Officer (CFO).

Mr. Lee, who had served as CFO of Russian Alcohol Group, a CEDC subsidiary,
since April 2012, brings over 23 years of financial management experience in
both retail and tobacco. He has worked for 13 years in Russia, five years in
Switzerland, and two years in each of the UK and the Netherlands. From
November 2008 to March 2012, Mr. Lee worked for Eldorado as Vice President
Finance, leading the successful turnaround of one of Russia's largest
electronic retailers.From 1999-2008, Mr. Lee worked for Japan Tobacco
International, Geneva as Vice President Finance, Business Service Centres &
Integration, among other senior roles, including as CFO, Vice President
Finance and Financial Controller for Russia. From 1989-1999, Mr. Lee held
accounting, finance and commercial positions at Unilever PLC and its group
subsidiaries.

CEDC also announced that Bartosz Kołacinski agreed to resume his position as
Deputy CFO of CEDC. Mr. Kołacinski had been serving as Interim CFO of CEDC
since September 2012.

About CEDC
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.

Cautionary Statements about Forward Looking
This press release contains forward looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995, including 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 for the
fiscal year ended December 31, 2011, 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 details:

CEDC
Anna Załuska
+48 22 456 6061

SOURCE Central European Distribution Corporation

Website: http://www.cedc.com.pl
 
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