Net sales for the full year 2001 increased 36% to $178.2 million (un- audited) from $131.2 million for the same period in 2000. Net income for the full year 2001 increased 154% to $2.5 million, or $0.58 earnings per share (un-audited), from $985,000, or $0.23 earnings per share, for the same period in 2000.

William Carey, President and CEO, commented, "We saw strong top and bottom line growth in 2001, which was driven not only through our organic growth but also through the added value of our past acquisitions. We continued to focus on expanding our distribution coverage as well as increasing our assortment of higher margin imported brands both of which had a positive impact on our results."

Neil Crook, Chief Financial Officer, added, "We are pleased with our 2001 full year results, which were driven by double digit revenue growth as well as tight cost control, these improvements meant we were able to increase our operating profit by 69% to $4.8 million for the year. By containing our non- operating costs these operating improvements have flowed through to improved earnings of $2.5 million."

CEDC is the leading importer of beers, wines and spirits, as well as the largest distributor of domestic vodka on a nationwide basis in Poland, a $3.5 billion-dollar market at the retail level in 2000. The Company operates twenty regional distribution centers in major urban areas throughout Poland, one of Europe's fastest growing economies, from which it distributes many of the world's leading brands, including brands such as Johnnie Walker Scotch, Stock Brandy, Sutter Home, Torres, Mondavi and Concha y Toro wines, Miller Genuine Draft, Corona, Beck's, Foster's, Budweiser Budvar and Guinness Stout beers.

Contact:
Jim Archbold,
Investor Relations Officer
Central European Distribution Corporation
941-330-1558