New Hypermarket and "Magnit Family" Stores Opening

Press-release Krasnodar December 17, 2013 OJSC "Magnit" Announces the Opening ofa New Hypermarket and "Magnit Family" Stores Krasnodar, December 17, 2013: OJSC "Magnit", Russia's largest retailer (the"Company"; MICEX and LSE: MGNT), is pleased to announce the opening of a newhypermarket and "Magnit Family" stores. Please be informed that today the Company has opened its 156th hypermarket and38th and 39th "Magnit Family" store. The 156th hypermarket (medium format) is located at 1 Entuziastov prospect,Balashov, Saratov region, Volga federal district. Assortment of the hypermarketconsists of more than 8,200 SKUs, out of which about 71% are food items. Thereare 19 cash desks installed in the sales area. The outlet is owned by theCompany. The hypermarket is open 7 days a week from 9 am to 10 pm. The 38th "Magnit Family" store is located at 15 Mira street ("Evropeyskiy"shopping center), Orsk, Orenburg region, Volga federal district. Assortment ofthe store consists of about 4,700 SKUs, out of which about 76% are food items.There are 12 cash desks installed in the sales area. The outlet is leased bythe Company. The hypermarket is open 7 days a week from 9 am to 10 pm. The 39th "Magnit Family" store is located at 66, 50 let VLKSM street, Kimry,Tver region, Central federal district. Assortment of the store consists ofabout 5,800 SKUs, out of which about 86% are food items. There are 15 cashdesks installed in the sales area. The outlet is owned by the Company. Thehypermarket is open 7 days a week from 9 am to 11 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.