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Magnit
Regulatory Filings • May 27, 2014
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Regulatory Filings
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OJSC MAGNIT - 51st "Magnit Family" Opening
PR Newswire
London, May 26
Press-releaseKrasnodarMay 26, 2014OJSC "Magnit" Announcesthe Opening ofthe 51st" Magnit Family" StoreKrasnodar, May 26, 2014: OJSC "Magnit", Russia's largest food retailer (the"Company"; MICEX and LSE: MGNT), is pleased to announce the opening of the 51st"Magnit Family" store.Please be informed that today the Company has opened its 51st "Magnit Family"store located at 39, 30 Letiya Pobedy Boulevard, Volgograd, Southern federaldistrict. Assortment of the store consists of about 5,900 SKUs, out of whichabout 80% are food items. There are 13 cash desks installed in the sales area.The outlet is owned by the Company. The hypermarket is open 7 days a week from9.30 am to 10 pm.For further information, please contact:Timothy Post Director, Investor Relations Email: [email protected] Office: +7-861-277-4554 x 17600 Mobile: +7-961-511-7678 Direct Line: +7-861-277-4562Dina Svishcheva Deputy Director, Investor Relations Email: [email protected] Office: +7-861-277-4554 x 15101 Mobile: +7-961-511-0202 Direct Line: +7-861-277-4562Company description:Magnit is Russia's largest food retailer. Founded in 1994, the company isheadquartered in the southern Russian city of Krasnodar. As of March 31, 2014,Magnit operated 23 distribution centers and over 8,200 stores (7,341convenience, 215 hypermarkets, and 700 cosmetics) in more than 1,905 cities andtowns throughout 7 federal regions of the Russian Federation.In accordance with the audited IFRS consolidated financial statements for 2013,Magnit had revenues of $18,202 million USD and an EBITDA of $2,032 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 oneof the largest retailers in Europe.
