26th "Magnit Family" Store Opening

Press-release Krasnodar June 11, 2013 OJSC "Magnit" Announces the Opening of the 26th "Magnit Family" Store Krasnodar, June 11, 2013: OJSC "Magnit", Russia's largest retailer (the"Company"; MICEX and LSE: MGNT), is pleased to announce the opening of the 26th"Magnit Family" store. Please be informed that today the Company has opened its 26th "Magnit Family"store located at 30 Moskovskaya street, Sarov, Nizhny Novgorod region, Volgafederal district. Assortment of the store consists of more than 3,850 SKUs, outof which about 89% are food items. There are 12 cash desks installed in thesales area. The outlet was opened in the result of the reformatting of theconvenience store and is owned by the Company. The store is open 7 days a weekfrom 9:00 am to 9 pm. For further information, please contact: Timothy Post Director, Investor Relations e-mail: [email protected] Tel. in Krasnodar +7 (861) 277-45-54, 210-98-10 ext. 7600 Mob.: +7 (961) 511-76-78 Direct line for investors only: +7 (861) 277-45-62 Dina Svishcheva Deputy Director, Investor Relations e-mail: [email protected] Tel. in Krasnodar +7 (861) 277-45-54, 210-98-10 ext. 5101 Mob.: +7-961-511-02-02 Direct line for investors only: +7 (861) 277-45-62 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 March31, 2013, Magnit operates 18 distribution centers and over 7,000 stores (6,209convenience, 153 hypermarkets, and 713 cosmetics) in more than1,600 cities andtowns throughout 7 federal regions of the Russian Federation. In accordance with its audited IFRS consolidated financial statements foryear-end 2012, Magnit had revenues of $14.43 billion USD and an EBITDA of $1.52billion USD. Magnit's local shares are traded on the Moscow Stock Exchange(MICEX: MGNT) and its GDRs on the London Stock Exchange (LSE: MGNT) and it hasa credit rating from Standard & Poor's of BB. Measured bymarket capitalization, Magnit is now Europe's 2nd largest retailer.