Notice of Results

Press-release Krasnodar October 22, 2013 OJSC "Magnit" announces the publication date of unaudited 9M2013 financialresults prepared in accordance with the IFRS and based on management accounts Krasnodar, October 22, 2013: OJSC "Magnit" (the "Company"; MICEX and LSE: MGNT)is pleased to announce the publication date of unaudited 9M 2013 financialresults prepared in accordance with the IFRS and based on management accounts. Please be informed that OJSC "Magnit" plans to release its unaudited 9M 2013financial results prepared in accordance with the IFRS and based on managementaccounts on Monday, October 28, 2013. 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: +7-861-277-4554 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 ofSeptember 30, 2013, Magnit operates 19 distribution centers and over 7,600stores (6,783 convenience, 178 hypermarkets, and 685 cosmetics) in more than1,760 cities and towns 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.