CEDC Announces Roust Trading and the 2013 Steering Committee have Reached Agreement on Restructuring of 2013 Notes

Central European Distribution Corporation

confirmed today that it has received a proposal for a financial restructuring of its 3% Convertible Notes due March 15, 2013 (the "2013 Notes").  The proposal was jointly made to CEDC by Roust Trading Ltd. of the 2013 Notes, and other beneficial owners holding an aggregate of approximately $85.7 million in outstanding principal amount of the 2013 Notes (the "2013 Steering Committee").  Roust Trading and the 2013 Steering Committee collectively hold approximately 73% of the outstanding principal amount of the 2013 Notes. CEDC is pleased that Roust Trading and the 2013 Steering Committee have reached an agreement on a restructuring of the 2013 Notes, the terms of which were publicly disclosed by Roust Trading on March 14, 2013.  While CEDC is still reviewing the proposal in detail, it is favorably inclined toward the proposal and anticipates that it will support it, subject to appropriate documentation that, if approved, will be reflected in a supplement to the offering memorandum (the "Offering Memorandum") distributed by CEDC in respect of the exchange offers launched on February 25, 2013, as amended on March 8, 2013 (the "Exchange Offers"). In addition, CEDC has determined to