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Central European Distribution Corporation Finalizes the Tender for Shares of Polmos Bialystok

Posted on: Wednesday, 29 November 2006, 15:01 CST

BALA CYNWYD, Pa., Nov. 29 /PRNewswire-FirstCall/ -- Central European Distribution Corporation today announced that its wholly owned subsidiary, Carey Agri, has placed an order to execute a purchase of 338,741 shares of Polmos Bialystok S.A. ("Polmos Bialystok") which were tendered in response to its previously announced tender offer for the remaining shares of Polmos Bialystok. Polmos Bialystok is listed on the Warsaw Stock Exchange. The tender offer was announced on October 16, 2006 and the price at which CEDC is acquiring the shares is PLN 91 (approximately US$31.16 per share, based on today's exchange rate of PLN 2.92 for US$1). Following the settlement of today's transaction, the tender is scheduled to close on November 30, 2006.

CEDC is the largest vodka producer in Poland and produces the Absolwent, Zubrowka, Bols and Soplica brands, among others. CEDC currently exports Zubrowka to many markets around the world. CEDC also produces and distributes Royal Vodka, the number one selling vodka in Hungary.

CEDC also is the leading distributor and the leading importer of alcoholic beverages in Poland and Hungary. In Poland, CEDC operates 16 distribution centers and 76 satellite branches and imports many of the world's leading brands, including brands such as Remy Martin, Jagermeister, Metaxa, Jim Beam, Sauza Tequila, Grant's, E&J Gallo, Sutter Home, Torres, Penfolds and Concha y Toro wines, Corona, Foster's, and Guinness Stout beers and Evian.

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, 2005, and in other periodic reports filed by CEDC with the Securities and Exchange Commission.

Contact: James Archbold Director of Investor Relations Central European Distribution Corporation 610-660-7817

Central European Distribution Corporation

CONTACT: James Archbold, Director of Investor Relations, CentralEuropean Distribution Corporation, +1-610-660-7817

Web site: http://www.ced-c.com/

Source: PRNewswire-FirstCall

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