Notice of Unaudited 1Q 2013 Financial Results

OJSC MAGNIT - Notice of Unaudited 1Q 2013 Financial Results

PR Newswire

London, April 9

OJSC "Magnit" announces the publication date of unaudited 1Q 2013 financialresults in accordance with IFRS

Krasnodar, April 9, 2013: OJSC "Magnit" (the "Company"; MICEX and LSE: MGNT) ispleased to announce the publication date of unaudited 1Q 2013 financial resultsin accordance with IFRS.

Please be informed that OJSC "Magnit" plans to release its unaudited 1Q 2013financial results in accordance with IFRS on Tuesday, April 23, 2013.

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Headquartered in the southern Russia city of Krasnodar, Magnit (LSE and MICEX:MGNT) is the holding company for a group of entities that operate in the retailtrade under the "Magnit" brand. The chain of "Magnit" stores is one of theleading food retail networks in Russia. As of December 31, 2012 the chainconsisted of 6,046 convenience stores, 126 hypermarkets, 20 "Magnit Family"stores and 692 cosmetics stores (drogerie) in 1,605 cities and towns throughoutthe Russian Federation.

Approximately two-thirds of the Magnit's stores are located in cities with apopulation of less than 500,000 inhabitants. Most of its stores are located inthe Southern, North-Caucasian, Central and Volga regions. The Company alsooperates stores in the North-Western, Urals and Siberian regions.

As of December 31, 2012 Magnit operated an in-house logistics system consistingof 18 distribution centers, employing automated stock replenishment systems anda fleet of 4,401 vehicles.

In accordance with the audited IFRS consolidated financial statements for 2012,Magnit recorded consolidated revenues of approximately $14,430 million USD anda consolidated EBITDA of $1,524 million USD.