Magnit Opens a New Distribution Center

Press-release Krasnodar December 27, 2013 OJSC "Magnit" Announces the Opening of a New Distribution Center Krasnodar, December 27, 2013: OJSC "Magnit", Russia's largest retailer (the"Company"; MICEX and LSE: MGNT) announces the opening of a new distributioncenter in Yekaterinburg. Please be informed that the Company has opened a new distribution center (DC)in Yekaterinburg. Total space of the DC is about 75 thousand sq. m. Launch ofthe new distribution facility will improve the quality of service in the Uralsregion. "Magnit" operates 22 distribution centers with their total capacity of about634,997 sq. m. 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.