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Magnit
Regulatory Filings • Mar 21, 2014
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Regulatory Filings
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OJSC MAGNIT - 164th Hypermarket Opening
PR Newswire
London, March 21
Press-releaseKrasnodarMarch 21, 2014OJSC "Magnit" Announces the Opening of the 164th HypermarketKrasnodar, March 21, 2014: OJSC "Magnit", Russia's largest retailer (the"Company"; MICEX and LSE: MGNT), is pleased to announce the opening of the164th hypermarket of a medium format.Please be informed that today the Company has opened its 164th hypermarket of amedium format located at 16/1 Nefteyuganskoye shosse ("Zeleniy bereg" shoppingcenter), Khanty-Mansiysk autonomous district, Urals federal district.Assortment of the hypermarket consists of more than 14,500 SKUs, out of whichabout 67% are food items. There are 21 cash desks installed in the sales area.The outlet is leased by the Company. The hypermarket 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 x17600 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 x15101 Mobile: +7-961-511-0202 Direct Line: +7-861-277-4562Company description:Magnit is Russia's largest retailer. Founded in 1994, the company isheadquartered in the southern Russian city of Krasnodar. As of December 31,2013, Magnit operated 22 distribution centers and over 8,000 stores (7,200convenience, 207 hypermarkets, and 686 cosmetics) in more than 1,868 cities andtowns throughout 7 federal regions of the Russian Federation.In accordance with the unaudited IFRS management accounts for 2013, Magnit hadrevenues of $18,202 million USD and an EBITDA of $2,032 million USD. Magnit'slocal shares are traded on the Moscow Stock Exchange (MICEX: MGNT) and its GDRson the London Stock Exchange (LSE: MGNT) and it has a credit rating fromStandard & Poor's of BB. Measured by market capitalization, Magnit is nowEurope's 2nd largest retailer.
