Magnit

Board/Management Information • Sep 18, 2014

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OJSC MAGNIT - Magnit Executives Included in List of Business Leaders

PR Newswire

London, September 18

Press-releaseKrasnodarSeptember 18, 2014Magnit Executives havebeen Included in the List of Business Leaders and Named theBest in the IndustryKrasnodar, September 18, 2014: Executives of "Magnit", Russia's largestretailer (MICEX and LSE: MGNT), have been included in the list of top businessleaders and named the best in the industry as rated by the Russian ManagersAssociation and Kommersant"Magnit" CEO Sergey Galitskiy has been included in the list of top businessleaders of ХV "TOP-1000 Russian Managers" ratings for 2014 prepared by theRussian Managers Association and Kommersant. The list of business leadersincludes businessmen and leading top-managers.Another three "Magnit" executives are among top five in the industry: KhachaturPombukhchan was ranked first in the CFO rating, Oleg Goncharov was ranked firstin the HR Director rating and Marina Ivanova was ranked second in theCommercial Directors rating."TOP-1000 Russian managers" rating of the Russian Managers Association is theinstrument of professional reputation evaluation of the Russian top-managers.The rating summarizes the year-end results of work and reveals the mostprofessional managers of Russia.The rating methodology is based on "the best choose the best" principle:top-managers evaluate top-managers, functional managers evaluate functionalmanagers.Please follow the link below to view "TOP-1000 Russian managers" rating for2014 in full:http://www.kommersant.ru/apps/82606For 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 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.