Central European Distribution Corporation Announces Exchange Offers to Holders of Certain Notes

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Central European DistributionCorporation (NASDAQ: CEDC) announced today that the Company and its subsidiaryCEDC Finance Corporation International, Inc. have launched exchange offers toholders of their outstanding Convertible Senior Notes due 2013 and SeniorSecured Notes due 2016. The exchange offers are part of a financialrestructuring that contemplates a reduction of senior note debt by more than$750 million.The exchange offers were prompted in part by the impending March 15, 2013maturity of the Convertible Senior Notes. Moreover, the Company believes thata successful restructuring of both the Convertible Senior Notes and the SeniorSecured Notes will improve its financial strength and flexibility and enableit to focus on maximizing the value of its strong brands and market position.The Company is engaged in ongoing and constructive discussions withrepresentatives of its major stakeholders about the terms of the exchangeoffers.

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