CEO Sergey Galitskiy named Businessman of the Year

Press-release Krasnodar December 19, 2013 Magnit CEO Sergey Galitskiy Has Been Named Businessman of the Year by Forbes Russia Krasnodar, December 19, 2013: Sergey Galitskiy, CEO of OJSC "Magnit", Russia'slargest retailer (MICEX and LSE: MGNT) has been named Businessman of the Yearby Forbes Russia. Magnit CEO Sergey Galitskiy has been named "Businessman of the Year" by ForbesRussia for 2013. The editors highlighted the leading position of Magnit underhis management. During 11M 2013 the share price grew by 90%, Sales by 30% to515.9 bn rubles, EBITDA margin for the 9M 2013 was 10.6% and Net Income margin5.7%*. 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, the company isheadquartered in the southern Russian city of Krasnodar. As of September 30,2013, Magnit operated 19 distribution centers and over 7,600 stores (6,783convenience, 178 hypermarkets, and 685 cosmetics) in more than 1,760 cities andtowns throughout 7 federal regions of the Russian Federation. In accordance with its reviewed IFRS consolidated financial statements, Magnithad 1H 2013 revenues of $8.7 billion USD and an EBITDA of $890 million USD.Magnit's local shares are traded on the Moscow Stock Exchange (MICEX: MGNT) andits GDRs on the London Stock Exchange (LSE: MGNT) and it has a credit ratingfrom Standard & Poor's of BB. Measured by market capitalization, Magnit is nowEurope's 2nd largest food retailer. * Forbes article provided incorrect numbers