Notice of Unaudited 1H 2013 Financial Results

Press-release Krasnodar July 15, 2013 OJSC "Magnit" announces the publication date of unaudited 1H 2013 financialresults prepared in accordance with the IFRS and based on management accounts Krasnodar, July 15, 2013: OJSC "Magnit" (the "Company"; MICEX and LSE: MGNT) ispleased to announce the publication date of unaudited 1H 2013 financial resultsprepared in accordance with the IFRS and based on management accounts. Please be informed that OJSC "Magnit" plans to release its unaudited 1H 2013financial results prepared in accordance with the IFRS and based on managementaccounts on Tuesday, July 23, 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 of June30, 2013, Magnit operates 18 distribution centers and over 7,000 stores (6,552convenience, 164 hypermarkets, and 700 cosmetics) in more than 1,700 cities andtowns throughout 7 federal regions of the Russian Federation. In accordance with its audited IFRS consolidated financial statements foryear-end 2012, Magnit had revenues of $14.43 billion USD and an EBITDA of $1.52billion USD. 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 hasa credit rating from Standard & Poor's of BB. Measured bymarket capitalization, Magnit is now Europe's 2nd largest retailer.