Central European Distribution Corporation Announces Guidance for 2005

Sarasota, Florida: Central European Distribution Corporation, today announced its financial guidance for 2005. The Company is projecting net sales of $660-$680 million and net income per fully diluted share of $1.50-$1.60 based on estimated diluted shares outstanding of approximately 16.85 million for full year 2005. This guidance does not take into account any acquisitions in distribution or production the Company may close in 2005.

William Carey, President and CEO commented, "As the market continues to consolidate, we are continuing to identify acquisition opportunities that can drive our market share higher in strategic regions across Poland. We are forecasting approximately $80-$100 million of annualized revenue from new acquisitions for year 2005, which as stated above, is not included in our year 2005 guidance."

Mr. Carey continued, "The privatization of Polmos Bialystok, the largest distillery in Poland, has begun to formally take shape. The Polish government has recently stated that documentation for the tender will be provided to potential strategic investors for a minimum of a 51% share of Polmos Bialystok by the first week of January 2005. The government also stated that it has scheduled the end of June 2005 to finalize the privatization process. Obviously, we are following the privatization process closely and will keep our investors aware of each step of the process."

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 11 distribution centers and 65 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.