October/10M 2013 Results

Press-release Krasnodar November 11, 2013 OJSC "Magnit" Announces 26.73% Retail Sales Growth in Rubles for October 2013[1] Krasnodar, November 11, 2013: OJSC "Magnit", Russia's largestretailer (the "Company"; MICEX and LSE: MGNT) announces 26.73% retail salesgrowth in rubles for October 2013. During October 2013 the Company opened (net) 93 stores. The totalstore base reached 7,739 stores (6,880 convenience stores, 150 hypermarkets,32 "Magnit Family" stores and 677 cosmetics stores). Preliminary consolidated unaudited net retail revenue (excl. VAT)in 10M 2013 increased by 30.19% in ruble terms (compared to 10M 2012) andstood at 465,703.21 million rubles. October and 10M 2013 Key Operating and Financial Highlights: October 2013 October 2012 Growth Rate 10М 2013 10М 2012 Growth RateNumber of opened stores, NET 93 162 n/a 855 972 n/a convenience stores 97 108 n/a 834 625 n/a hypermarkets 2 4 n/a 24 19 n/a magnit family 2 3 n/a 12 11 n/a cosmetics stores (8) 47 n/a (15) 317 n/a Total number of stores 7,739 6,281 n/a 7,739 6,281 n/a convenience stores 6,880 5,631 n/a 6,880 5,631 n/a hypermarkets 150 109 n/a 150 109 n/a magnit family 32 14 n/a 32 14 n/a cosmetics stores 677 527 n/a 677 527 n/a Selling space growth, th. sq.m. 59.92 63.60 n/a 325.59 354.38 n/a convenience stores 27.16 36.23 n/a 245.44 211.88 n/a hypermarkets 4.74 13.00 n/a 65.57 59.24 n/a magnit family 2.47 3.63 n/a 13.55 13.46 n/a cosmetics stores (0.92) 10.75 n/a 1.03 69.80 n/a Selling space, eop, th. sq. m. 2,874.85 2,324.54 23.67% 2,874.85 2,324.54 23.67% convenience stores 2,222.90 1,849.71 20.18% 2,222.90 1,849.71 20.18% hypermarkets 453.19 337.68 34.21% 453.19 337.68 34.21% magnit family 37.91 17.26 n/a 37.91 17.26 n/a cosmetics stores 160.86 119.89 n/a 160.86 119.89 n/a Net retail sales, million RUR 48,641.73 38,380.76 26.73% 465,703.21 357,713.11 30.19% convenience stores 37,825.19 31,151.08 21.42% 364,829.79 292,906.35 24,56% hypermarkets 8,738.03 6,267.90 39.41% 83,732.89 58,805.37 42.39% magnit family 1,000.01 384.76 n/a 7,982.68 1,899.49 n/a cosmetics stores 1,078.50 577.02 n/a 9,157.84 4,101.90 n/a Net retail sales, million US$[2] 1,517.06 1,234.39 22.90% 14,708.35 11,502.84 27.87% convenience stores 1,179.71 1,001.87 17.75% 11,522.46 9,418.88 22.33% hypermarkets 272.53 201.59 35.19% 2,644.54 1,890.98 39.85% magnit family 31.19 12.37 n/a 252.12 61.08 n/a cosmetics stores 33.64 18.56 n/a 289.23 131.90 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 companyis headquartered in the southern Russian city of Krasnodar. As of September30, 2013, Magnit operated 19 distribution centers and over 7,600 stores (6,783convenience, 178 hypermarkets, and 685 cosmetics) in more than 1,760 citiesand towns throughout 7 federal regions of the Russian Federation. In accordance with its reviewed IFRS consolidated financialstatements, Magnit had 1H 2013 revenues of $8.7 billion USD and an EBITDA of$890 million USD. Magnit's local shares are traded on the Moscow StockExchange (MICEX: MGNT) and its GDRs on the London Stock Exchange (LSE: MGNT)and it has a credit rating from Standard & Poor's of BB. Measured by marketcapitalization, Magnit is now Europe's 2nd largest food retailer. --------------------------------- [1] According to management accounts [2] Based on the average exchange rate for October 2013 - 32.0631RUB per 1 USD, October 2012 - 31.0928 RUB per 1 USD, 10M 2013 - 31.6625 RUBper 1 USD, 10M 2012 - 31.0978 RUB per 1 USD