The Company's stockholders will receive three shares of common stock, par value $0.01 per share, for each two issued and outstanding shares of the Company's common stock held by stockholders of record as of May 19, 2003, with fractional shares being rounded up to the next whole number of shares. Following the stock split, the Company will have approximately 10.25 million shares outstanding, based on the number of shares outstanding as of April 30, 2003. The Company has established May 30, 2003 as the payment date for the stock split to be effected by the planned dividend.

If a stockholder is contemplating a sale of the Company's shares from the record date to the payment date, he or she should consult a broker regarding entitlement to the dividend shares.

"The stock split is in response to the Company's growth over the last year and the increase in the market price for our common stock over that period," said William V. Carey, President and CEO of CEDC.

The split is intended to broaden the stockholder base and increase the availability of shares for trading.

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 41 regional distribution centers in major urban areas throughout Poland. 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, Corona, Beck's, Foster's, Budweiser Budvar and Guinness Stout beers.

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