August/8M 2013 Results

Press-release Krasnodar September 10, 2013 OJSC "Magnit" Announces 29.23% Retail Sales Growth in Rubles for August 2013[1] Krasnodar, September 10, 2013: OJSC "Magnit", Russia's largestretailer (the "Company"; MICEX and LSE: MGNT) announces 29.23% retail salesgrowth in rubles for August 2013. During August 2013 the Company opened (net) 71 stores. The totalstore base reached 7,555 stores (6,688 convenience stores, 147 hypermarkets,30 "Magnit Family" stores and 690 cosmetics stores). Preliminary consolidated unaudited net retail revenue (excl. VAT)in 8M 2013 increased by 30.94% in ruble terms (compared to 8M 2012) and stoodat 370,839.74 million rubles. August and 8M 2013 Key Operating and Financial Highlights: August 2013 August 2012 Growth Rate 8М 2013 8М 2012 Growth RateNumber of opened stores, NET 71 137 n/a 671 665 n/a convenience stores 70 85 n/a 642 419 n/a hypermarkets 4 3 n/a 21 15 n/a magnit family 0 2 n/a 10 5 n/a cosmetics stores (3) 47 n/a (2) 226 n/a Total number of stores 7,555 5,974 n/a 7,555 5,974 n/a convenience stores 6,688 5,425 n/a 6,688 5,425 n/a hypermarkets 147 105 n/a 147 105 n/a magnit family 30 8 n/a 30 8 n/a cosmetics stores 690 436 n/a 690 436 n/a Selling space growth, th. sq.m. 31.60 51.21 n/a 265.67 242.96 n/a convenience stores 19.60 27.03 n/a 191.71 142.90 n/a hypermarkets 12.49 12.30 n/a 59.32 46.24 n/a magnit family 0 2.46 n/a 11.08 6.09 n/a cosmetics stores (0.49) 9.43 n/a 3.56 47.74 n/a Selling space, eop, th. sq. m. 2,814.92 2,213.13 27.19% 2,814.92 2,213.13 27.19% convenience stores 2,169.17 1,780.73 21.81% 2,169.17 1,780.73 21.81% hypermarkets 446.93 324.68 37.65% 446.93 324.68 37.65% magnit family 35.44 9.88 n/a 35.44 9.88 n/a cosmetics stores 163.39 97.83 n/a 163.39 97.83 n/a Net retail sales, million RUR 48,883.85 37,827.02 29.23% 370,839.74 283,203.29 30.94% convenience stores 37,729.49 30,389.32 24.15% 291,264.79 232,548.84 25,25% hypermarkets 9,137.01 6,679.06 36.80% 66,484.62 46,433.55 43.18% magnit family 958.09 230.80 n/a 6,077.15 1,221.36 n/a cosmetics stores 1,059.25 527.84 n/a 7,013.77 2,999.53 n/a Net retail sales, million US$[2] 1,480.63 1,183.06 25.15% 11,775.90 9,122.26 29.09% convenience stores 1,142.78 950.44 20.24% 9,249.02 7,490.63 23.47% hypermarkets 276.75 208.89 32.48% 2,111.20 1,495.67 41.15% magnit family 29.02 7.22 n/a 192.98 39.34 n/a cosmetics stores 32.08 16.51 n/a 222.70 96.62 n/a 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 SergeyGalitskiy, the company is headquartered in the southern Russian city ofKrasnodar. As of June 30, 2013, Magnit operates 18 distribution centers andover 7,000 stores (6,552 convenience, 164 hypermarkets, and 700 cosmetics) inmore than 1,700 cities and towns throughout 7 federal regions of the RussianFederation. In accordance with the reviewed IFRS consolidated financialstatements for 1H 2013, Magnit had revenues of $8,796 million USD and anEBITDA of $890 million USD. Magnit's local shares are traded on the MoscowStock Exchange (MICEX: MGNT) and its GDRs on the London Stock Exchange (LSE:MGNT) and it has a credit rating from Standard & Poor's of BB. Measured bymarket capitalization, Magnit is now Europe's 2nd largest retailer. --------------------------------- [1] According to management accounts [2] Based on the average exchange rate for August 2013 - 33.0156RUB per 1 USD, August 2012 - 31.9738 RUB per 1 USD, 8M 2013 - 31.4914 RUB per1 USD, 8M 2012 - 31.0453 RUB per 1 USD