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Magnit
Regulatory Filings • Nov 17, 2014
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Regulatory Filings
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PJSC MAGNIT - 180th Hypermarket Opening
PR Newswire
London, November 17
Press-releaseKrasnodarNovember 17, 2014PJSC "Magnit" Announcesthe Opening of the 180th HypermarketKrasnodar, November 17, 2014: PJSC "Magnit", Russia's largest food retailer(the "Company"; MICEX and LSE: MGNT), is pleased to announce the opening of the180th hypermarket of a small format.Please be informed that on November 15, 2014 the Company opened its 180thhypermarket of a small format located at 5, Babaevskaya street, Kumertau,Republic of Bashkortostan, Volga federal region. Assortment of the hypermarketconsists of more than 9,400 SKUs, out of which about 70% are food items. Thereare 15 cash desks installed in the sales area. The outlet is owned by theCompany. The hypermarket is open 7 days a week from 9 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: +7-861-277-45-54 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 September 30,2014, Magnit operated 25 distribution centers and over 9,020 stores (7,891convenience, 243 hypermarkets, and 886 drogerie stores) in approximately 2,000cities and 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.
