Magnit CEO Included in the List of Business Leaders

Press-release Krasnodar September 19, 2013 OJSC "Magnit" CEO Sergey Galitskiy has been Included in the List of Business Leaders Krasnodar, September 19, 2013: Sergey Galitskiy, CEO of OJSC "Magnit", Russia'slargest retailer (MICEX and LSE: MGNT), has been included in the list ofbusiness leaders of the rating by Russian managers association and Kommersant Magnit CEO Sergey Galitskiy has been included in the list of business leadersof ХIV "TOP-1000 Russian managers" rating for 2013 prepared by Russian managersassociation and Kommersant. The list of business leaders includes businessmenand leading top-managers. Another three top-managers of OJSC "Magnit" are among top five in the industry:Khachatur Pombukhchan (CFO rating), Marina Ivanova (CCO rating) and OlegGoncharov (GRO rating). "TOP-1000 Russian managers" rating of Russian managers association is thenon-biased instrument of professional reputation evaluation of the leadingRussian top-managers. The rating summarizes the year-end results of work andreveals the most professional managers of Russia, leaders of industries andfunctional areas. The rating methodology is based on "the best choose the best" principle:top-managers evaluate top-managers, functional managers evaluate functionalmanagers. Please follow the links below to view "TOP-1000 Russian managers" rating for2013 in full: Russian managers association: http://www.amr.ru/index.php?option=com_k2&view=item&layout=item&id=39&Itemid=259 Kommersant: http://kommersant.ru/doc/2280742 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 Sergey Galitskiy, thecompany is headquartered in the southern Russian city of Krasnodar. As of June30, 2013, Magnit operates 18 distribution centers and over 7,000 stores (6,552convenience, 164 hypermarkets, and 700 cosmetics) in more than 1,700 cities andtowns throughout 7 federal regions of the Russian Federation. In accordance with the reviewed IFRS consolidated financial statements for 1H2013, Magnit had revenues of $8,796 million USD and an EBITDA of $890 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 a creditrating from Standard & Poor's of BB. Measured by market capitalization, Magnitis now Europe's 2nd largest retailer.