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Regulatory Filings • Feb 24, 2015
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Regulatory Filings
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PJSC MAGNIT - 192nd Hypermarket Opening
PR Newswire
London, February 24
Press-releaseKrasnodarFebruary 24, 2015PJSC "Magnit" Announces the Opening of the 192nd HypermarketKrasnodar, February 24, 2015: PJSC "Magnit", Russia's largest food retailer(the "Company"; MOEX and LSE: MGNT), is pleased to announce the opening of the192nd hypermarket of a medium format.Please be informed that on February 21, 2015 the Company opened its 192ndhypermarket of a medium format located at 40 let Pobedy street ("Italmas"shopping center), Izhevsk, Udmurt Republic, Volga federal region. Assortment ofthe hypermarket consists of more than 15,400 SKUs, out of which about 66% arefood items. There are 21 cash desks installed in the sales area. The outlet isleased by the Company. The hypermarket is open 7 days a week from 9 am to 10pm.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: +7-861-277-45-54 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 December 31,2014, Magnit operated 27 distribution centers and over 9,700 stores (8,344convenience, 287 hypermarkets, and 1,080 drogerie stores) in approximately2,100 cities and towns throughout 7 federal regions of the Russian Federation.In accordance with the unaudited IFRS management accounts for 2014, Magnit hadrevenues of RUB 764 billion and an EBITDA of RUB 86 billion. Magnit's localshares are traded on the Moscow Stock Exchange (MOEX: MGNT) and its GDRs on theLondon Stock Exchange (LSE: MGNT) and it has a credit rating from Standard &Poor's of BB. Measured by market capitalization, Magnit is one of the largestretailers in Europe.
