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Roust Trading Ltd. Announces Extension Of Its Exchange Offer For 3.00% Convertible Senior Notes Due 2013 Of Central European Distribution Corporation

WARWICK, Bermuda, April 24, 2013 /PRNewswire/ -- Roust Trading Ltd. ("RTL") announced today that it has extended its private offer to exchange (the "Exchange Offer") each $1,000 principal amount of validly tendered and accepted 3.00% Convertible Senior Notes due 2013 (the "Existing CEDC Notes") of Central European Distribution Corporation ("CEDC") for (1) $193.17 principal amount of new Senior Secured PIK Toggle Notes due 2016 (the "New RTL Notes") and (2) $160.97 in cash.  The purpose of the extension is to align the expiration date of the Exchange Offer with the scheduled confirmation hearing date for CEDC's amended and restated joint prepackaged chapter 11 plan of reorganization (the "Plan of Reorganization"), which date remains subject to change. As stated in the Exchange Offer documents, RTL intends to continue to extend the expiration date of the Exchange Offer as needed in order for such date to occur concurrently with the effective date of the Plan of Reorganization.

The Exchange Offer will now expire at 5:00 p.m., New York City time, on May 13, 2013, unless extended further.  The Exchange Offer was previously scheduled to expire at 11:59 p.m., New York City time, on April 25, 2013. As of 5:00 p.m., New York City time, on April 24, 2013, holders had validly tendered $45,647,000 aggregate principal amount of the Existing CEDC Notes. Holders who have already tendered their Existing CEDC Notes need not take any additional action in order to tender their Existing CEDC Notes.

Tendered Existing CEDC Notes cannot be withdrawn, except (i) upon termination of the agreement (the "Plan Support Agreement") between RTL and an ad hoc committee composed of holders of Existing CEDC Notes related to certain proposed restructuring transactions with respect to the Existing CEDC Notes, (ii) to the extent that any material term of the Exchange Offer (as reasonably determined by RTL) is amended or changed subsequent to the date of such tender or (iii) as may be required by applicable law. 

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