May 2013 Results

Press-release Krasnodar June 10, 2013 OJSC "Magnit" Announces 34.48% Retail Sales Growth in Rubles forMay 2013[1] Krasnodar, June 10, 2013: OJSC "Magnit", Russia's largest retailer(the "Company"; MICEX and LSE: MGNT) announces 34.48% retail sales growth inrubles for May 2013. During May 2013 the Company opened (net) 79 stores. The total storebase reached 7,246 stores (6,383 convenience stores, 135 hypermarkets, 24"Magnit Family" stores and 704 cosmetics stores). Preliminary consolidated unaudited net retail revenue (excl. VAT)in 5M 2013 increased by 31.75% in ruble terms (compared to 5M 2012) and stoodat 225,317.62 million rubles. May 2013 Key Operating and Financial Highlights: May 2013 May 2012 Growth Rate 5М 2013 5М 2012 Growth RateNumber of opened stores, NET 79 83 n/a 362 304 n/a convenience stores 78 54 n/a 337 190 n/a hypermarkets 1 3 n/a 9 6 n/a magnit family 2 0 n/a 4 2 n/a cosmetics stores (2) 26 n/a 12 106 n/a Total number of stores 7,246 5,613 n/a 7,246 5,613 n/a convenience stores 6,383 5,196 n/a 6,383 5,196 n/a hypermarkets 135 96 n/a 135 96 n/a magnit family 24 5 n/a 24 5 n/a cosmetics stores 704 316 n/a 704 316 n/a Selling space, thousand sq. m. 2,690.66 2,079.26 29.40% 2,690.66 2,079.26 29.40% convenience stores 2,080.16 1,705.32 21.98% 2,080.16 1,705.32 21.98% hypermarkets 416.66 294.07 41.69% 416.66 294.07 41.69% magnit family 29.40 6.20 n/a 29.40 6.20 n/a cosmetics stores 164.44 73.68 n/a 164.44 73.68 n/a Net retail sales, million RUR 48,326.62 35,937.22 34.48% 225,317.62 171,022.40 31.75% convenience stores 37,993.68 26,679.12 28.01% 178,227.22 141,778.49 25.71% hypermarkets 8,740.40 5,752.08 51.95% 39,626.12 27,017.23 46.67% magnit family 755.61 162.84 n/a 3,394.56 618.09 n/a cosmetics stores 836.93 343.19 n/a 4,069.71 1,608.59 n/a Net retail sales, million US$[2] 1,546.89 1,172.04 31.98% 7,323.62 5,664.98 29.28% convenience stores 1,216.14 967.94 25.64% 5,793.01 4,696.30 23.35% hypermarkets 279.77 187.60 49.14% 1,287.99 894.92 43.92% magnit family 24.19 5.31 n/a 110.34 20.47 n/a cosmetics stores 26.79 11.19 n/a 132.28 53.28 n/aFor further information, please contact: Timothy Post Director, Investor Relations e-mail: [email protected] Tel. in Krasnodar +7 (861) 277-45-54, 210-98-10 ext. 7600 Mob.: +7 (961) 511-76-78 Direct line for investors only: +7 (861) 277-45-62Dina Svishcheva Deputy Director, Investor Relations e-mail: [email protected] Tel. in Krasnodar +7 (861) 277-45-54, 210-98-10 ext. 5101 Mob.: +7-961-511-02-02 Direct line for investors only: +7 (861) 277-45-62 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 March 31, 2013, Magnit operates 18 distribution centers andover 7,000 stores (6,209 convenience, 153 hypermarkets, and 713 cosmetics) inmore than1,600 cities and towns throughout 7 federal regions of the RussianFederation. In accordance with its audited IFRS consolidated financialstatements for year-end 2012, Magnit had revenues of $14.43 billion USD and anEBITDA of $1.52 billion USD. Magnit's local shares are traded on the MoscowStock Exchange (MICEX: MGNT) and its GDRs on the London Stock Exchange (LSE:MGNT) and it has a credit rating from Standard & Poor's of BB. Measured bymarket capitalization, Magnit is now Europe's 2nd largest retailer. --------------------------------- [1] According to management accounts [2] Based on the average exchange rate for May 2013 of 31.2411 RUBper 1 USD, May 2012 - 30.6620 RUB per 1 USD, 5M 2013 - 30.7659 RUB per 1 USD,5M 2012 - 30.1894 RUB per 1 USD