Central European Distribution Corporation Announces It Has Agreed To The Social Package With Polmos Bialystok Unions; Polish Treasury Ministry Announces Successful Exclusive Negotiations

Bala Cynwyd, Pennsylvania: Central European Distribution Corporation, announced today that it has agreed terms and conditions with the unions of Polmos Bialystok. CEDC has initialed the main points of the social package together with the Unions and will be moving to sign the social package very soon. The Polish Treasury Ministry also announced yesterday that the share purchase agreement should be signed next week.

William Carey, Chairman and CEO, said, “We look forward to working with the Polish Treasury Ministry to sign the Share Purchase Agreement and still expect to close the transaction within the third quarter 2005 subject to the antimonopoly office approval.”

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 14 distribution centers and 88 satellite branches throughout Poland. It distributes many of the world's leading brands in Poland, including brands such as Johnnie Walker Scotch, Stock Brandy, Sutter Home, Torres, Mondavi and Concha y Toro wines, Corona, Foster's, Grolsch, Budweiser Budvar and Guinness Stout beers.

The Rémy Cointreau Group ranks among the leading players in the worldwide spirits industry. The company, with roots dating back to 1724, is a producer of premium wines and spirits with a portfolio of unique and international brands that include Rémy Martin cognac, Cointreau, Passoa and Bols liqueurs, Bols vodka, Mount Gay rum, Metaxa as well as Piper-Heidsieck and Charles Heidsieck champagne. Rémy Cointreau is quoted on France's Euronext exchange.

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, difficulties encountered in integrating the businesses since CEDC will become a producer of alcoholic beverages for the first time, whether certain market segments grow as anticipated, the competitive environment in alcoholic beverages distribution and production industries and competitive responses to the acquisition, the ability to retain key employees at both companies, and general market conditions. Investors are cautioned that forward-looking statements are not guarantees of future performance and that undue reliance should not be placed on such statements. Actual results may differ materially from those contained in the forward-looking statements in this press release. 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.