CEDC Receives NASDAQ Staff Determination Letter

               CEDC Receives NASDAQ Staff Determination Letter

PR Newswire

WARSAW, Poland, March 22, 2013

WARSAW, Poland, March 22, 2013 /PRNewswire/ --Central European Distribution
Corporation (NASDAQ: CEDC) announced today that on March 20, 2013, CEDC
received a Staff Determination letter from the Listing Qualifications
Department of The NASDAQ Stock Market LLC ("Nasdaq") stating that CEDC was not
in compliance with Listing Rules 5250(c) which requires CEDC to file its
Annual Report on Form 10-K for the period ended December 31, 2012. As a
result, Nasdaq staff have stated that this serves as an additional basis to
delist CEDC securities from the NASDAQ Stock Market to that announced by CEDC
on its Current Report on Form 8-K filed with the United States Securities and
Exchange Commission on January 7, 2013 and that the Nasdaq Hearings Panel will
consider this matter in rendering a determination regarding CEDC's continued
listing on the Nasdaq Global Select Market. If CEDC wishes to request a stay
to delisting beyond the hearing currently scheduled for March 28, 2013, it
must make the request no later than March 27, 2013, together with an
explanation of why an extended stay is appropriate. CEDC intends to request a
stay to delisting. The letter also stated that the Nasdaq staff do not believe
that any further stay is warranted because CEDC is in default of its 3%
convertible notes due 2013 and is actively soliciting the note holders to vote
in favor of a plan of reorganization through a filing for protection under
Chapter 11 of the U.S. Bankruptcy Code. The NASDAQ Staff Determination letter
has no immediate effect on the listing or trading of CEDC's common stock on
the NASDAQ Global Select Market.

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.

SOURCE Central European Distribution Corporation

Contact: Sitrick And Company, Thomas Mulligan, thomas_mulligan@sitrick.com, +1
212 573 6100, or Central European Distribution Corporation, Anna Zaluska,
Corporate PR Manager, +48 22 456 6061, anna.zaluska@cedc.com
 
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