Central European Distribution Corporation Completes 14th Strategic Distribution Acquisition; Raises 2005 Guidance

Bala Cynwyd, Pennsylvania: Central European Distribution Corporation, today announced that it has acquired 100% of the shares of Delikates, an alcohol distributor in the center of Poland, for a purchase price of approximately $2.35 million, of which 80% will be paid in cash and 20% will be paid in shares of common stock of CEDC. The transaction is subject to anti-trust approval from the Polish government. The shares of CEDC common stock that will be issued as part of the purchase price are subject to a one-year lock-up period.

William Carey, President and CEO of CEDC, said, "We are pleased with this acquisition as it strengthens our presence between Warsaw, the capital of Poland, and Poznan, an important Polish city to the west. A major east/west highway is anticipated in this corridor, and is expected to pass directly though the area where Delikates operates. Delikates has been in the alcohol business for over 10 years and brings solid management to our group, as well as a client base of over 1,000 clients. Delikates had 2004 annual net sales of approximately $35 million."

Mr. Carey continued: "As a result of this acquisition, we are raising our 2005 full year net sales guidance from $680-$700 million to $700-$720 million and full year fully diluted earnings per share guidance from $1.54-$1.64 to $1.56-$1.66. We are still on target to acquire distribution companies that will meet our previous forecast of $80-$100 million of net sales on an annualized basis, which includes Delikates."

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. CEDC operates 13 distribution centers and 78 satellite branches throughout Poland. It distributes many of the world's leading brands in Poland, including brands such as Johnnie Walker Scotch, Stock Brandy, Jose Cuervo Tequila, Sutter Home, Torres, Mondavi and Concha y Toro wines, Corona, Beck's, Foster's, Grolsch, Budweiser Budvar and Guinness Stout beers.

Contact:
Jim Archbold,
Investor Relations Officer
Central European Distribution Corporation
610-660-7817

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 CEDC to be materially different from any future results, performance or achievements, expressed or implied by forward-looking statements. These risks and uncertainties include, without limitation, the risk that the acquisition will not receive anti-trust approval and that the acquisition will not be accretive to our earnings. 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 the 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, 2004, and in other periodic reports filed by CEDC with the Securities and Exchange Commission.