November/11M 2013 Results

Press-release Krasnodar December 10, 2013 OJSC "Magnit" Announces 28.74% Retail Sales Growth in Rubles for November 2013 Krasnodar, December 10, 2013: OJSC "Magnit", Russia's largest retailer (the"Company"; MICEX and LSE: MGNT) announces 28.74% retail sales growth in rublesfor November 2013. During November 2013 the Company opened (net) 181 stores. The total store basereached 7,920 stores (7,060 convenience stores, 152 hypermarkets, 34 "MagnitFamily" stores and 674 cosmetics stores). Preliminary consolidated unaudited net retail revenue (excl. VAT) in 11M 2013increased by 30.05% in ruble terms (compared to 11M 2012) and stood at515,904.45 million rubles. November and 11M2013 Key Operating and Financial Highlights: November November Growth 11М2013 11М2012 Growth 2013 2012 Rate Rate Number of opened 181 196 n/a 1,036 1,168 n/astores, NET convenience stores 180 122 n/a 1,014 747 n/a hypermarkets 2 4 n/a 26 23 n/a magnit family 2 3 n/a 14 14 n/a cosmetics stores (3) 67 n/a (18) 384 n/a Total number of 7,920 6,477 n/a 7,920 6,477 n/astores convenience stores 7,060 5,753 n/a 7,060 5,753 n/a hypermarkets 152 113 n/a 152 113 n/a magnit family 34 17 n/a 34 17 n/a cosmetics stores 674 594 n/a 674 594 n/a Selling space growth, 59.03 68.04 n/a 384.62 422.41 n/ath. sq.m. convenience stores 50.34 38.40 n/a 295.84 250.25 n/a hypermarkets 6.87 10.80 n/a 72.44 70.04 n/a magnit family 2.12 3.10 n/a 15.67 16.56 n/a cosmetics stores (0.36) 15.77 n/a 0.67 85.57 n/a Selling space, eop, 2,933.87 2,392.58 22.62% 2,933.87 2,392.58 22.62%th. sq. m. convenience stores 2,273.29 1,888.08 20.40% 2,273.29 1,888.08 20.40% hypermarkets 460.06 348.48 32.02% 460.06 348.48 32.02% magnit family 40.03 20.36 96.63% 40.03 20.36 96.63% cosmetics stores 160.49 135.66 n/a 160.49 135.66 n/a Net retail sales, 50,201.24 38,993.84 28.74% 515,904.45 396,706.95 30.05%million RUR convenience stores 38,839.35 31,434.86 23.56% 403,669.14 324,341.21 24.46% hypermarkets 9,221.44 6,484.24 42.21% 92,954.33 65,289.62 42.37% magnit family 1,054.98 467.08 125.87% 9.037.65 2,366.57 281.89% cosmetics stores 1,085.48 607.66 n/a 10,243.32 4,709.56 n/a Net retail sales, 1,537.74 1,241.56 23.86% 16,248.50 12,745.40 27.49%million US$ convenience stores 1,189.71 1,000.88 18.87% 12,713.63 10,420.43 22.01% hypermarkets 282.47 206.46 36.82% 2,927.61 2,097.62 39.57% magnit family 32.32 14.87 117.29% 284.64 76.03 274.37% cosmetics stores 33.25 19.35 n/a 322.62 151.31 n/a 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. According to management accounts Based on the average exchange rate for November 2013 - 32.6462 RUB per 1 USD,November 2013 - 31.4071 RUB per 1 USD, 11M 2013 - 31.7509 RUB per 1 USD, 11M2012 - 31.1255 RUB per 1 USD