Magnit

Report Publication Announcement • Mar 17, 2014

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OJSC MAGNIT - Audited FY2013 IFRS Results Publication Date

PR Newswire

London, March 17

Press-releaseKrasnodarMarch 17, 2014OJSC "Magnit" Announces the Publication Date of Audited FY2013 Financial ResultsPrepared in accordance with the IFRSKrasnodar, March 17, 2014: OJSC "Magnit", Russia's largest retailer (the"Company"; MICEX and LSE: MGNT), is pleased to announce the publication date ofaudited FY 2013 financial results prepared in accordance with the IFRS.Please be informed that OJSC "Magnit" plans to release its audited FY 2013financial results prepared in accordance with the IFRS on Monday, March 24,2014.For further information, please contact:Timothy Post Director, Investor Relations Email: post@gw.tander.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@gw.tander.ru Office: +7-861-277-4554 x 15101 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.