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TheStreet Open House

Central European Distribution Corporation Amends Proposed Plan Of Reorganization And Terminates 2013 Notes Exchange

CEDC's advisors will host a telephonic conference call on March 21, 2013 at 10:00 a.m. EDT to further explain the solicitation and related mechanics and to respond to questions by holders of the 2013 Notes and the 2016 Notes.  The U.S. telephone number for the conference call is +1-888-312-3051.  The international telephone number for the conference call is +1-719-785-9449.  The conference code is 4328703.  The subject of the conference call will be strictly limited to an explanation of the tender, consent and voting requirements.  No financial or other information will be shared on the call, and neither CEDC nor its representatives will take any position on the call whether holders of 2016 Notes should tender their notes pursuant to the exchange.

CEDC continues to believe that a successful restructuring will improve its financial strength and flexibility and enable it to focus on maximizing the value of its strong brands and market position.  Any chapter 11 filing to implement the Amended Plan would be limited solely to CEDC and its US subsidiaries.  None of CEDC's Polish, Russian, Ukrainian or Hungarian operations would become the subject of any insolvency proceedings.  The restructuring is expected to have no effect on CEDC's operations in Poland, Russia, Hungary or Ukraine, all of which will continue doing business as usual. Obligations to all employees, vendors, and providers of credit support lines in Poland, Russia, Hungary and Ukraine will be honored in the ordinary course of business without interruption. CEDC believes that its subsidiaries in Poland, Russia, Hungary and Ukraine have sufficient cash and resources on hand to meet all such obligations.

None of CEDC, CEDC Finance Corporation International, Inc., or the information and exchange agent makes any recommendation as to whether holders should tender their notes pursuant to the Exchange Offers. Each holder must make its own decision as to whether to tender its notes and, if so, the principal amount of the notes to be tendered. 

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