Central European Distribution Corporation to Host Its Fourth Quarter and Full Year 2003 Earnings Conference Call

Sarasota, Florida: Central European Distribution Corporation, will have its fourth quarter and full year 2003 earnings conference call on March 16, 2004 at 11.00 a.m. Eastern Time. The conference call will be broadcast live over the internet. William Carey, Chairman and Chief Executive Officer, and Neil Crook, Vice President and Chief Financial Officer, invite you to listen to their discussion of fourth quarter and full year 2003 results.

To listen to the call live, you must go to the following web cast at least fifteen minutes before the call in order to register. You can then download and install any necessary audio software. For those who cannot listen to the live broadcast, a replay of the discussion will be available shortly after the call on our website at www.ced-c.com.

What: Central European Distribution Corporation(NASDAQ-NMS:CEDC) Fourth Quarter and Full Year 2003 Earnings Conference Call

When: Tuesday March 16, 2004 at 11.00 a.m. Eastern Time

Where: http://www.firstcallevents.com/service/ajwz401902272gf12.html

How: Live over the Internet - Simply register and then log on to the web at the address above

Contact: James Archbold, Director of Investor Relations, (941) 330-1558

TO LISTEN TO THE CONFERENCE CALL PLEASE DIAL IN: U.S. / International Calls: 719-457-2650 Confirmation Code: 711403

CEDC is one of the leading importers of beers, wines and spirits, as well as the largest distributor of domestic vodka on a nationwide basis in Poland. The Company operates nine distribution centers and 58 satellite branches throughout Poland. It distributes many of the world's leading brands, including brands such as Johnnie Walker Scotch, Stock Brandy, Jose Cuervo Tequila, Sutter Home, Torres, Mondavi and Concha y Toro(NYSE:VCO) wines, Corona, Beck's, Foster's, Budweiser Budvar and Guinness Stout beers.

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

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by 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. The Company 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 the securities laws. Investors are referred to the full discussion of risks and uncertainties associated with forward-looking statements included in the Company's Form 10-K for the fiscal year ended December 31, 2001, and other periodic reports filed with the Securities and Exchange Commission.