Magnit

Regulatory Filings • Jul 17, 2014

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OJSC MAGNIT - Magnit Tops BCG's 2014 Value Creators Ranking

PR Newswire

London, July 17

Press-releaseKrasnodarJuly 17, 2014Magnit Tops BCG's 2014 Value Creators Ranking of "The Retail Top Ten"Krasnodar, July 17, 2014: OJSC "Magnit", Russia's largest food retailer (MICEXand LSE ticker: MGNT) tops the Boston Consulting Group's (BCG) 2014 List ofValue Creators ranking of "The Retail Top Ten" (see chart below). Magnit ranked#1 on list "The Retail Top Ten", with an average annual TSR of 72.2% ahead ofsuch global retailers as Whole Foods (#2), Starbucks (#6) and Amazon (#9).The BCG Value Creators rankings are based on Total Shareholder Return (TSR) at1,620 global companies from 2009 through 2013. To arrive at this sample, BCGbegan with TSR data for nearly 10,000 companies provided by Thomson Reuters. Iteliminated all companies that were not listed on a world stock exchange for thefull five years of BCG's study or did not have at least 25 percent of theirshares available on public capital markets. BCG further refined the sample byorganizing the remaining companies into 26 industry groups and establishing anappropriate market-valuation hurdle to eliminate the smallest companies in eachindustry.For further information, please see:https://www.bcgperspectives.com/content/articles/value_creation_strategy_2014_value_creators_rankings/Source: Boston Consulting GroupFor 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.