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Magnit
Regulatory Filings • Sep 29, 2014
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Regulatory Filings
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OJSC MAGNIT - 67th "Magnit Family" Store Opening
PR Newswire
London, September 29
Press-releaseKrasnodarSeptember 29, 2014OJSC "Magnit" Announces the Opening of the 67th "Magnit Family" StoreKrasnodar, September 29, 2014: OJSC "Magnit", Russia's largest food retailer(the "Company"; MICEX and LSE: MGNT), is pleased to announce the opening of the67th "Magnit Family" store.Please be informed that on September 28, 2014 the Company has opened its 67th"Magnit Family" store located at 142/1, Profsoyuznaya street, Moscow, Centralfederal region. Assortment of the store consists of about 10,500 SKUs, out ofwhich about 83% are food items. There are 13 cash desks installed in the salesarea. The outlet is leased by the Company. The store is open 7 days a week from9 am to 11 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 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 reviewed IFRS consolidated financial statements for 1H2014, Magnit had revenues of $9,979 million USD and an EBITDA of $1,045 millionUSD. Magnit's local shares are traded on the Moscow Stock Exchange (MICEX:MGNT) and its GDRs on the London Stock Exchange (LSE: MGNT) and it has a creditrating from Standard & Poor's of BB. Measured by market capitalization, Magnitis one of the largest retailers in Europe.
