Central European Distribution Corporation Completes 15th Strategic Distribution Acquisition; Raises 2005 and 2006 Guidance

Central European Distribution Corporation (Nasdaq: CEDC) today announced that it has acquired
100% of the shares of Imperial Sp. z o.o., an alcohol distributor in northeast
Poland, for a purchase price of approximately $2.19 million, of which 79% will
be paid in cash and 21% will be paid in shares of common stock of CEDC.  CEDC
has received anti-monopoly approval for the transaction.  The shares of CEDC
common stock that will be issued as part of the purchase price are subject to
a one-year lock-up period.
   William Carey, President and CEO of CEDC, said, "We are pleased with this
acquisition as it increases our distribution coverage in the northeast of
Poland where Polmos Bialystok S.A. is located.  Imperial Sp. z o.o. has been
in the alcohol distribution business for over 10 years and brings a strong
management team and sales force to our group, as well as a client base of
over 1,000.  Imperial Sp. z o.o. had 2004 annual net sales of approximately
$20 million."
   Mr. Carey continued: "As a result of this acquisition, we are raising our
2005 full year net sales guidance from $700-$720 million to $705-$725 million
and full year fully diluted earnings per share guidance from $1.56-$1.66 to
$1.57-$1.67.  With the acquisition of Imperial Sp. z o.o., we have acquired
distribution companies in 2005 with approximately $55 million in annualized
net sales.  We are anticipating acquiring additional distribution companies
with annualized net sales of $25-$45 million during the remainder of 2005.  We
are also raising 2006 full year net sales guidance from $875-$900 million to
$895-$920 million and full year fully diluted earnings per share guidance from
$1.90-$2.10 to $1.92-$2.12."
   CEDC is the leading distributor by volume and a leading importer by value
of alcoholic beverages in Poland.  Following the planned acquisitions of
Bols Sp. z o.o. and Polmos Bialystok S.A., CEDC will become one of the largest
vodka producers in Poland.  CEDC operates 14 distribution centers and 86
satellite branches throughout Poland.  It distributes many of the world's
leading brands in Poland, including brands such as Johnnie Walker Scotch,
Stock Brandy, Sutter Home, Torres, Mondavi and Concha y Toro wines, Corona,
Foster's, Grolsch, Budweiser Budvar and Guinness Stout beers.

(SOURCE  Central European Distribution Corporation)