Magnit

Report Publication Announcement • Jul 9, 2014

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OJSC MAGNIT - Unaudited 1H 2014 Financial Results

PR Newswire

London, July 9

Press-releaseKrasnodarJuly 9, 2014OJSC "Magnit" Announces the Publication Date of Unaudited 1H 2014 Financial Results Prepared in accordance with the IFRSKrasnodar, July 9, 2014: OJSC "Magnit", Russia's largest retailer (the"Company"; MICEX and LSE: MGNT), is pleased to announce the publication date ofunaudited 1H 2014 financial results prepared in accordance with the IFRS.Please be informed that OJSC "Magnit" plans to release its unaudited 1H 2014financial results prepared in accordance with the IFRS and based on managementaccounts on Wednesday, July 23, 2014.For further information, please contact:Timothy Post Director, Investor Relations Email: post@magnit.ru Office: +7-861-277-4554 x 17600 Mobile: +7-961-511-7678 Direct Line: +7-861-277-4562Dina Svishcheva Deputy Director, Investor Relations Email: Chistyak@magnit.ru Office: +7-861-277-45-54 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 June 30, 2014,Magnit operated 24 distribution centers and over 8,600 stores (7,614convenience, 226 hypermarkets, and 778 cosmetics) in approximately 2,000 citiesand towns 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.