New Hypermarket and "Magnit Family" Store Opening

Press-release Krasnodar December 16, 2013 OJSC "Magnit" Announces the Opening of a New Hypermarket and a "Magnit Family" Krasnodar, December 16, 2013: OJSC "Magnit", Russia's largest retailer (the"Company"; MICEX and LSE: MGNT), is pleased to announce the opening of a newhypermarket and a "Magnit Family". Please be informed that on December 14, 2013 the Company has opened its 155thhypermarket. The 155th hypermarket (medium format) is located at Bystrinskaya str./Profsoyuzov str., Surgut, Khanty-Mansiysk autonomous district, Urals federaldistrict. Assortment of the hypermarket consists of more than 13,900 SKUs, outof which about 64% are food items. There are 21 cash desks installed in thesales area. The outlet is owned by the Company. The hypermarket is open 7 daysa week from 9 am to 11 pm. On December 15, 2013 the Company has opened its 37th "Magnit Family" store. The 37th "Magnit Family" store is located at 16a Titova street, Liski, Voronezhregion, Central federal district. Assortment of the store consists of about5,400 SKUs, out of which about 78% are food items. There are 13 cash desksinstalled in the sales area. The outlet is leased by the Company. Thehypermarket is open 7 days a week from 9 am to 10 pm. 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.