147th Hypermarket Opening

Press-release Krasnodar August 27, 2013 OJSC "Magnit" Announces the Opening of the 147th Hypermarket Krasnodar, August 27, 2013: OJSC "Magnit", Russia's largest retailer (the"Company"; MICEX and LSE: MGNT), is pleased to announce the opening of the147th hypermarket of a small format. Please be informed that today the Company has opened its 147th hypermarket of asmall format located at Shevchenko street, Almetyevsk, Republic of Tatarstan,Volga federal district. Assortment of the hypermarket consists of about 9,600SKUs, out of which about 69% are food items. There are 17 cash desks installedin the sales area. The outlet is owned by the Company. The hypermarket is open7 days a week from 8 am to 10 pm. For further information, please contact: Timothy Post Director, Investor Relations Email: [email protected] Office: +7-861-277-4554 x7600 Mobile: +7-961-511-7678 Direct Line: +7-861-277-4562 Dina Svishcheva Deputy Director, Investor Relations Email: [email protected] Office: +7-861-277-45-54 x5101 Mobile: +7-961-511-0202 Direct Line: +7-861-277-4562 Company description: Magnit is Russia's largest retailer. Founded in 1994 by Sergey Galitskiy, thecompany is headquartered in the southern Russian city of Krasnodar. As of June30, 2013, Magnit operates 18 distribution centers and over 7,000 stores (6,552convenience, 164 hypermarkets, and 700 cosmetics) in more than 1,700 cities andtowns throughout 7 federal regions of the Russian Federation. In accordance with the unaudited IFRS management accounts for 1H 2013, Magnithad revenues of $8,796 million USD and an EBITDA of $889 million USD. Magnit'slocal shares are traded on the Moscow Stock Exchange (MICEX: MGNT) and its GDRson the London Stock Exchange (LSE: MGNT) and it has a credit rating fromStandard & Poor's of BB. Measured by market capitalization, Magnit is nowEurope's 2nd largest retailer.