Central European Distribution Corporation Announces Public Offering of Common Stock

Central European Distribution Corporation Announces Public Offering of Common
Stock

BALA CYNWYD, Pa., Nov. 12 /PRNewswire-FirstCall/ -- Central European
Distribution Corporation (Nasdaq: CEDC) ("CEDC" or the "Company") today
announced that it has commenced a public offering (the "Offering") of
9,500,000 shares of its common stock. The underwriters have been granted an
option by the Company to purchase up to an additional 950,000 shares.

Concurrently with the Offering, CEDC is proposing to offer approximately
$870.0 million aggregate principal amount of U.S. dollar and euro-denominated
senior secured notes due 2016 (collectively, the "Senior Secured Notes") in an
offering to institutional investors that will be exempt from registration
under the U.S. Securities Act of 1933, as amended. The completion of the
Offering is not conditioned upon the completion of the concurrent offering of
Senior Secured Notes. However, the completion of the concurrent offering of
Senior Secured Notes is conditioned upon the completion of the Offering.

The Company intends to use the net proceeds from the Offering and the
concurrent offering of our Senior Secured Notes to purchase the remaining
equity interests in Russian Alcohol Group ("Russian Alcohol") from funds
managed by Lion Capital LLP, to repay all amounts outstanding under the
Russian Alcohol credit facilities and to call for redemption all of the
Company's outstanding senior secured notes due 2012 and to repay amounts
outstanding under an existing credit facility at one of the Company's
operating subsidiaries.

Jefferies & Company and UniCredit CAIB Securities UK Ltd. are acting as Joint
Book-Running Managers and Joint Global Coordinators and Renaissance Securities
(Cyprus) Limited is acting as Co-Lead Manager for the offering. The common
stock offering is being made solely by means of a prospectus and a related
prospectus supplement. When available, copies of the prospectus and related
prospectus supplement may be obtained from: Jefferies & Company, , Inc., 520
Madison Avenue, New York, NY 10022, telephone 1-888-449-2342, or James
Archbold, Director of Investor Relations, Central European Distribution
Corporation, at 1-610-660-7817, Two Bala Plaza, Suite 300, Bala Cynwyd,
Pennsylvania 19004. Electronic copies of the prospectus and related prospectus
supplement are available on the website of the Securities and Exchange
Commission at http://www.sec.gov.

There will be no public offering of shares in Poland within the meaning of the
Polish Act on Public Offerings and Conditions Governing the Introduction of
Financial Instruments to Organized Trading System and Public Companies of July
29, 2005.

This press release shall not constitute an offer to sell or a solicitation of
an offer to purchase any of these securities, and shall not constitute an
offer, solicitation or sale of the shares or notes in any state or
jurisdiction in which such an offer, solicitation or sale would be unlawful.

About CEDC
CEDC is the largest vodka producer in Poland and produces the Absolwent,
Zubrowka, Bols and Soplica brands, among others. CEDC currently exports
Zubrowka to many markets around the world, including the United States,
England, France and Japan. CEDC also produces and distributes Royal Vodka, the
top selling vodka in Hungary, and produces Parliament Vodka, the leading
sub-premium vodka in Russia. CEDC also has an equity stake in Russian Alcohol,
which produces Green Mark, the number one selling vodka in Russia along with
Zhuravli, another top-selling sub-premium vodka in Russia.

CEDC also is the leading national distributor of alcoholic beverages in Poland
by value, and a leading importer of alcoholic beverages in Poland and Hungary.
In Poland, CEDC imports many of the world's leading brands, including brands
such as Carlo Rossi Wines, Concha y Toro wines, Metaxa Brandy, Remy Martin
Cognac, Guinness, Sutter Home wines, Grant's Whisky, Jagermeister, E&J Gallo,
Jim Beam Bourbon, Sierra Tequila, Teacher's Whisky, Campari, Cinzano, Skyy
Vodka and Old Smuggler. CEDC is also a leading importer of premium spirits and
wines in Russia with such brands as Hennessey, Moet & Chandon and Concha y
Toro, among others.

Forward Looking Statements
This press release contains forward looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995 including, without
limitation, statements regarding our strategies, focus, beliefs and
expectations. Forward looking statements are based on our knowledge of facts
as of the date hereof and involve known and unknown risks and uncertainties
that may cause the actual results, performance or achievements of CEDC to be
materially different from any future results, performance or achievements
expressed or implied by our forward looking statements.

Investors are cautioned that forward looking statements are not guarantees of
future performance, developments after the date hereof may have a material
effect on any forward-looking statements we make and, accordingly, undue
reliance should not be placed on such statements. CEDC undertakes no
obligation to publicly update or revise any forward looking statements or to
make any other forward looking statements, whether as a result of new
information, future events or otherwise, unless required to do so by
securities laws. Investors are referred to the full discussion of risks and
uncertainties included in CEDC's Form 10-K for the fiscal year ended December
31, 2008, including statements made under the captions "Item 1A. Risks
Relating to Our Business" and in other documents filed by CEDC with the
Securities and Exchange Commission as well as risks arising from current
credit market and economic conditions globally and in the markets in which we
operate.

Contact:

In the U.S.:

Jim Archbold
Investor Relations Officer
Central European Distribution Corporation
610-660-7817

In Europe:

Anna Zaluska
Corporate PR Manager
Central European Distribution Corporation
48-22-456-6001

SOURCE Central European Distribution Corporation

In the U.S., Jim Archbold, Investor Relations Officer, +1-610-660-7817, or In
Europe, Anna Zaluska, Corporate PR Manager, +48-22-456-6001, both of Central
European Distribution Corporation