July/7M 2013 Results

Press-release Krasnodar August 9, 2013 OJSC "Magnit" Announces 29.67% Retail Sales Growth in Rubles forJuly 2013[1] Krasnodar, August 9, 2013: OJSC "Magnit", Russia's largest retailer(the "Company"; MICEX and LSE: MGNT) announces 29.67% retail sales growth inrubles for July 2013. During July 2013 the Company opened (net) 68 stores. The totalstore base reached 7,484 stores (6,618 convenience stores, 143 hypermarkets,30 "Magnit Family" stores and 693 cosmetics stores). Preliminary consolidated unaudited net retail revenue (excl. VAT)in 7M 2013 increased by 31.21% in ruble terms (compared to 7M 2012) and stoodat 321,955.89 million rubles. July and 7M 2013 Key Operating and Financial Highlights: July 2013 July 2012 Growth Rate 7М 2013 7М 2012 Growth RateNumber of opened stores, NET 68 115 n/a 600 528 n/a convenience stores 66 72 n/a 572 334 n/a hypermarkets 5 4 n/a 17 12 n/a magnit family 4 1 n/a 10 3 n/a cosmetics stores (7) 38 n/a 1 179 n/a Total number of stores 7,484 5,837 n/a 7,484 5,837 n/a convenience stores 6,618 5,340 n/a 6,618 5,340 n/a hypermarkets 143 102 n/a 143 102 n/a magnit family 30 6 n/a 30 6 n/a cosmetics stores 693 389 n/a 693 389 n/a Selling space growth, th. sq.m. 35.23 42.38 n/a 234.06 191.75 n/a convenience stores 20.18 24.19 n/a 172.11 115.88 n/a hypermarkets 11.36 9.27 n/a 46.83 33.94 n/a magnit family 4.25 1.22 n/a 11.08 3.62 n/a cosmetics stores (0.57) 7.70 n/a 4.05 38.31 n/a Selling space, eop, th. sq. m. 2,783.32 2,161.91 28.74% 2,783.32 2,161.91 28.74% convenience stores 2,149.56 1,753.71 22.57% 2,149.56 1,753.71 22.57% hypermarkets 434.45 312.38 39.07% 434.45 312.38 39.07% magnit family 35.44 7.42 n/a 35.44 7.42 n/a cosmetics stores 163.87 88.40 n/a 163.87 88.40 n/a Net retail sales, million RUR 49,155.32 37,908.79 29.67% 321,955.89 245,376.27 31.21% convenience stores 38,273.97 30,691.43 24.71% 253,535.30 202,159.53 25.41% hypermarkets 8,989.59 6,553.33 37.18% 57,347.61 39,754.49 44.25% magnit family 915.61 192.92 n/a 5,119.07 990.56 n/a cosmetics stores 976.14 471.10 n/a 5,953.91 2,471.69 n/a Net retail sales, million US$[2] 1,501.49 1,166.36 28.73% 10,296.49 7,938.38 29.71% convenience stores 1,169.11 944.30 23.81% 8,108.33 6,540.24 23.98% hypermarkets 274.59 201.63 36.19% 1,834.04 1,286.13 42.60% magnit family 27.97 5.94 n/a 163.71 32.05 n/a cosmetics stores 29.82 14.49 n/a 190.41 79.96 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 unaudited IFRS management accounts for 1H2013, Magnit had revenues of $8,796 million USD and an EBITDA of $889 millionUSD. 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 has acredit rating from Standard & Poor's of BB. Measured by market capitalization,Magnit is now Europe's 2nd largest retailer. --------------------------------- [1] According to management accounts [2] Based on the average exchange rate for July 2013 - 32.7378 RUBper 1 USD, July 2012 - 32.5018 RUB per 1 USD, 7M 2013 - 31.2685 RUB per 1 USD,7M 2012 - 30.9101 RUB per 1 USD