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August 3, 2005
Central European Distribution Corporation Announces It Has Received Anti- Monopoly Approval from the Polish Government for Bols Sp. z o.o. Acquisition Bala Cynwyd, Pennsylvania: Central European Distribution Corporation, today announced that it has received anti-monopoly approval from the Polish government for the acquisition of Bols Sp. z o.o. CEDC anticipates closing the transaction by August 17, 2005. CEDC anticipates receiving Polish anti-monopoly approval for Polmos Bialystok S.A. during September 2005. CEDC is the leading distributor by volume and a leading importer by value of alcoholic beverages in Poland. Following the planned acquisitions of Bols and Polmos Bialystok, CEDC will become one of the largest vodka producers in Poland. CEDC operates 14 distribution centers and 86 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. Contact: 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. 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. |
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