Magnit

Regulatory Filings • Aug 5, 2014

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OJSC MAGNIT - 62nd "Magnit Family" Store Opening

PR Newswire

London, August 5

Press-releaseKrasnodarAugust 5, 2014OJSC "Magnit" Announces the Opening of the 62nd "Magnit Family" StoreKrasnodar, August 5, 2014: OJSC "Magnit", Russia's largest food retailer (the"Company"; MICEX and LSE: MGNT), is pleased to announce the opening of the 62nd"Magnit Family" store.Please be informed that today the Company has opened its 62nd "Magnit Family"store located at 12, Pirogova street, Volkhov, Leningrad region, North-Westernfederal district. Assortment of the store consists of more than 6,300 SKUs, outof which about 86% are food items. There are 13 cash desks installed in thesales area. The outlet is owned by the Company. The store is open 7 days a weekfrom 9 am to 11 pm.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: +7-861-277-4554 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 June 30, 2014,Magnit operated 24 distribution centers and over 8,600 stores (7,614convenience, 226 hypermarkets, and 778 drogeries) 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.