Central European Distribution Corporation Completes 15th Strategic Distribution Acquisition; Raises 2005 and 2006 Guidance

Bala Cynwyd, Pennsylvania: Central European Distribution Corporation, today announced that it has acquired 100% of the shares of Imperial Sp. z o.o., an alcohol distributor in northeast Poland, for a purchase price of approximately $2.19 million, of which 79% will be paid in cash and 21% will be paid in shares of common stock of CEDC. CEDC has received anti-monopoly approval for the transaction. 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 increases our distribution coverage in the northeast of Poland where Polmos Bialystok S.A. is located. Imperial Sp. z o.o. has been in the alcohol distribution business for over 10 years and brings a strong management team and sales force to our group, as well as a client base of over 1,000. Imperial Sp. z o.o. had 2004 annual net sales of approximately $20 million."

Mr. Carey continued: "As a result of this acquisition, we are raising our 2005 full year net sales guidance from $700-$720 million to $705-$725 million and full year fully diluted earnings per share guidance from $1.56-$1.66 to $1.57-$ 1.67. With the acquisition of Imperial Sp. z o.o., we have acquired distribution companies in 2005 with approximately $55 million in annualized net sales. We are anticipating acquiring additional distribution companies with annualized net sales of $25-$45 million during the remainder of 2005. We are also raising 2006 full year net sales guidance from $875-$900 million to $895-$ 920 million and full year fully diluted earnings per share guidance from $1.90-$ 2.10 to $1.92-$2.12."

CEDC is the leading distributor by volume and a leading importer by value of alcoholic beverages in Poland. Following the planned acquisitions of Bols Sp. z o.o. and Polmos Bialystok S.A., 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:
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. 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.