List of Affiliated Persons

OJSC MAGNIT - List of Affiliated Persons

PR Newswire

London, January 9

OJSC "Magnit" has published the list of affiliated persons as of 31.12.2012

Krasnodar, January 9, 2013: OJSC "Magnit" (the "Company"; MICEX and LSE: MGNT)announces the publication of the list of affiliated persons as of 31.12.2012.

Please be informed that today OJSC "Magnit" has published the list ofaffiliated persons as of 31.12.2012.

The list can be found on the Company's website www.magnit-info.ru and onhttp://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 September 30, 2012 the chainconsisted of 5,523 convenience stores, 105 hypermarkets, 11 "Magnit Family"stores and 480 cosmetics stores (drogerie) in 1,504 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 September 30, 2012 Magnit operated an in-house logistics systemconsisting of 17 distribution centers, employing automated stock replenishmentsystems and a fleet of 4,082 vehicles.

In accordance with the reviewed IFRS consolidated financial statements for 1H2012, the Magnit recorded consolidated revenues of approximately $6.7 billionUSD and a consolidated EBITDA of $671 million USD.