SPI RETAINS NOMURA TO EVALUATE OPTIONS ON CEDC

     (The following press release from SPI Group was received by e-mail. It was  
not confirmed by the sender.) 
SPI Group announces it has retained Nomura to assist it in evaluating 
alternatives with respect to CEDC 
SPI Group, the owner of Stolichnaya Vodka, has announced that it has retained 
Nomura to assist it in evaluating possible alternatives with respect to CEDC. 
SPI Group presently owns both 2013 and 2016 Notes of CEDC. 
Val Mendeleev, CEO of SPI Group, commented: "We are carefully observing the 
situation around CEDC. We have already begun preliminary discussions with a few 
strong financial players in Russia who could be interested in considering the 
CEDC business together with us.  While our evaluation is ongoing, we are 
confident in our ability to pursue potential alternatives with respect to CEDC, 
if we decide to do so." 
- ENDS - 
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