27th "Magnit Family" Store Opening

Press-release Krasnodar July 2, 2013 OJSC "Magnit" Announces the Opening of the 27th "Magnit Family" Store Krasnodar, July 2, 2013: OJSC "Magnit", Russia's largest retailer (the"Company"; MICEX and LSE: MGNT), is pleased to announce the opening of the 27th"Magnit Family" store. Please be informed that today the Company has opened its 27th "Magnit Family"store located at 17a Shvernika street, Sarov, Nizhny Novgorod region, Volgafederal district. Assortment of the store consists of about 4,400 SKUs, out ofwhich about 91% are food items. There are 10 cash desks installed in the salesarea. The outlet was opened in the result of the reformatting of theconvenience store and it is leased by the Company. The store is open 7 days aweek from 9 am to 9 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 -861-277-4554 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 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.