Central European Distribution Completes Two Strategic
          Acquisitions, Nearly Doubling Existing Revenues and Earnings

Sarasota, Florida--(PRNewswire)--April 25, 2002--Central European Distribution
Corporation (Nasdaq:CEDC - news) today announced that it has completed its
previously announced acquisitions of Agis located in central Poland and Damianex
located in southwestern Poland, two strong regional distributors of alcoholic
beverages.

     CEDC acquired all of the outstanding securities of both companies for
approximately $11.75 million in cash and 334,000 shares of CEDC common stock.
The audited combined 2001 net earnings and net revenues for Agis and Damianex
were $2.8 million and $154 million respectively. These acquisitions were funded
from a combination of cash from CEDC's recent private placement, bank debt
denominated in U.S. Dollars and shares in CEDC.

     William Carey, President and CEO, said: "We are excited that we will be
adding Agis and Damianex to the CEDC group. These acquisitions bring us a number
of benefits including:

     .    We will be doubling our existing net revenues and our net earnings on
          an annualized basis.

     .    Our ability to acquire these two companies for approximately 5.7 times
          earnings is based on our strong balance sheet and our position as the
          only consolidator in the alcohol distribution market.

     .    We expect these acquisitions to be accretive to earnings per share by
          approximately $0.25 to $0.30 in the year 2002 after factoring in the
          increased shares from the recent private placement.

     .    Gaining distribution coverage in new strategically important areas."

     CEDC is the leading importer of beers, wines and spirits, as well as the
largest distributor of domestic vodka on a nationwide basis in Poland. The
Company operates approximately 30 regional distribution centers in major urban
areas throughout Poland, one of Europe's fastest growing economies. It
distributes many of the world's leading brands, including Johnnie Walker Scotch,
Stock Brandy, Sutter Home, Torres, Mondavi and Concha y Toro wines, Corona,
Beck's Pilsner, Foster's, Budweiser Budvar and Guinness Stout beers.

     Except for the historical information contained herein, the matters
discussed in this news release are forward-looking statements that involve risks
and uncertainties that are detailed from time to time in the Company's Security
and Exchange Commission Reports.

For more information, please contact:
James Archbold
Director of Investor Relations
(941) 330-1558
www.ced-c.com
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