Central European Distribution Corporation Acquires 13th Strategic Acquisition

Sarasota, Florida: Central European Distribution Corporation, today announced that it has acquired 100% of the shares of Polnis Distribution, an alcohol distributor in the center of Poland, for an investment of approximately $2.37 million of which 80% was paid in cash and 20% will be paid in shares of common stock of CEDC. The shares of CEDC common stock will be subject to a one-year lock-up period.

William Carey, President and CEO of CEDC, said, "We are pleased with this transaction as it is expected to strengthen our position in the city of Lodz, the third largest city in Poland. Polnis 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. Polnis' annual net sales are approximately $25 million, and we expect Polnis to add approximately $6 million to the Company's consolidated net sales for the remainder of 2004."

Mr. Carey continued: "We are raising our 2004 full-year net sales guidance from $543-$553 million to $549-$559 million and expect Polnis to be accretive to the Company's 2005 earnings by $0.04-$0.05 per fully diluted share; however, due to necessary restructuring within Polnis, fully diluted earnings per share guidance for 2004 will remain at $1.28-$1.33, an increase of approximately 36% over 2003 earnings of $0.96 per share."

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 ten distribution centers and 70 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
941-330-1558

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 the Company 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. The Company 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 the Company's Form 10-K for the fiscal year ended December 31, 2003 and in other periodic reports filed by the Company with the Securities and Exchange Commission.