2500th Truck

Press-release

Krasnodar

December 1, 2010

OJSC "Magnit" announces acquisition of a 2,500th vehicle

Krasnodar, December 1, 2010: OJSC "Magnit" (the "Company"; RTS, MICEX and LSE: MGNT) is pleased to announce the increase of its fleet to 2,500 vehicles.

Dear Ladies and Gentlemen!

We are pleased to inform you that today the Company has purchased its 2500th truck.

Automobile operating companies of OJSC "Magnit" are located in 12 towns of Russia: Bataysk, Kropotkin, Slavyansk-on-Kuban, Engels, Togliatti, Tver, Oryol, Ivanovo, Veliky Novgorod, Tambov, Dzerzhinsk and Chelyabinsk.

Vehicles of the Company make over 1,500 rounds on a daily basis. Today more than 6,500 employees are engaged in transportation.

For further information, please contact:

Company description:

Based in Krasnodar, in the Southern region of Russia, Open Joint Stock Company "Magnit" is the holding company for a group of entities that operate in the retail trade under the "Magnit" brand. The chain of "Magnit" stores is one of the leading food retail networks in Russia. As of September 30, 2010 the chain consisted of 3,658 convenience stores and 35 hypermarkets in 1,156 locations in the Russian Federation.

Approximately two-thirds of the Company's stores are located in cities with a population of less than 500,000 inhabitants. Most of its stores are located in the Southern, North-Caucasian, Central and Volga regions. The Company also operates stores in the North-Western, Urals and Siberian regions.

As of September 30, 2010 the Company operated an in-house logistics system consisting of 10 distribution centers, employing automated stock replenishment systems and a fleet of 2,262 vehicles.

In accordance with the unaudited IFRS consolidated financial statements for 1H 2010, the Company recorded consolidated revenue of approximately US$3,448 million and consolidated EBITDA of around US$252 million