List of Affiliated Persons

OJSC MAGNIT - List of Affiliated Persons

PR Newswire

London, April 1

OJSC "Magnit" Has Published the List of Affiliated Persons as of 31.03.201 3

Krasnodar, April 1, 2013: OJSC "Magnit" (the "Company"; MICEX and LSE: MGNT)announces the publication of the list of affiliated persons as of 31.03.2013.

Please be informed that today OJSC "Magnit" has published the list ofaffiliated persons as of 31.03.2013.

The list can be found on the Company's website www.magnit-info.ru and on http://www.e-disclosure.ru/portal/company.aspx?id=7671

For further information, please contact:

Headquartered in the southern Russia city of Krasnodar, Magnit (LSE and MICEX:MGNT) is the holding company for a group of entities that operate in the retailtrade under the "Magnit" brand. The chain of "Magnit" stores is one of theleading food retail networks in Russia. As of December 31, 2012 the chainconsisted of 6,046 convenience stores, 126 hypermarkets, 20 "Magnit Family"stores and 692 cosmetics stores (drogerie) in 1,605 cities and towns throughoutthe Russian Federation.

Approximately two-thirds of the Magnit's stores are located in cities with apopulation of less than 500,000 inhabitants. Most of its stores are located inthe Southern, North-Caucasian, Central and Volga regions. The Company alsooperates stores in the North-Western, Urals and Siberian regions.

As of December 31, 2012 Magnit operated an in-house logistics system consistingof 18 distribution centers, employing automated stock replenishment systems anda fleet of 4,401 vehicles.

In accordance with the audited IFRS consolidated financial statements for 2012,Magnit recorded consolidated revenues of approximately $14,430 million USD anda consolidated EBITDA of $1,524 million USD.