Subsidiary of Magnit, JSC Tander, Acquired Two Companies

Press-release Krasnodar December 30, 2013 Subsidiary of OJSC "Magnit", JSC "Tander", Has Acquired "TD-Holding" and"MagnitEnergo" Krasnodar, December 30, 2013: OJSC "Magnit", Russia's largest retailer (the"Company"; MICEX and LSE: MGNT) announces that its subsidiary JSC "Tander" hasacquired "TD-Holding" and "MagnitEnergo". Please be informed that JSC "Tander", the operating company of "Magnit" Group,has bought LLC "TD-Holding" and LLC "MagnitEnergo". "TD-Holding" is a producer and a supplier of products to "Magnit" stores. "MagnitEnergo" purchases electric energy on the wholesale market for theCompany's facilities. The transactions are not material and were executed for the purpose ofimproving operating and financial efficiency. 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.