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OJSC MAGNIT: 113th Hypermarket Opening


Press-release

Krasnodar

November 30, 2012

OJSC "Magnit" announces the opening of the 113th hypermarket

Krasnodar, November 30, 2012: OJSC "Magnit" (the "Company"; MICEX and LSE: MGNT) is pleased to announce the opening of the 113th hypermarket of a small format.

Dear Ladies and Gentlemen!

We are glad to inform you that today the Company has opened its 113th hypermarket of a small format located at 138 Lenina street ("Kit" shopping center), Izhevsk, Udmurt Republic, Volga federal district. Assortment of the hypermarket consists of more than 7,000 SKUs, out of which about 87% are food items. There are 14 cash desks installed in the sales area. The hypermarket is open 7 days a week from 9 am to 10 pm.

For further information, please contact:

Oleg Goncharov Director, Investor Relations


                                                                               
                                        e-mail: Goncharov@gw.tander.ru         
                                                                               
                                        Tel. in Krasnodar +7 (861) 277-45-54,  
                                        210-98-10 ext. 5100                    
                                                                               
                                        Mob.: +7 (903) 411-40-35               
                                                                               
                                        Direct line for investors only: +7     
                                        (861) 277-45-62                        

Dina Svishcheva Manager, Investor Relations


                                                                               
                                        e-mail: Chistyak@gw.tander.ru          
                                                                               
                                        Tel. in Krasnodar +7 (861) 277-45-54,  
                                        210-98-10 ext. 5101                    
                                                                               
                                        Mob.: +7-961-511-02-02                 
                                                                               
                                        Direct line for investors only: +7     
                                        (861) 277-45-62                        

Company description:

Based in Krasnodar, in the Southern region of Russia, Open Joint Stock Company
"Magnit" (LSE and MICEX: MGNT, S&P: "BB-") is the holding company for a group
of entities that operate in the retail trade under the "Magnit" brand. The
chain of "Magnit" stores is one of the leading food retail networks in Russia.
As of September 30, 2012 the chain consisted of 5,523 convenience stores, 105
hypermarkets, 11 "Magnit Family" stores and 480 cosmetics stores (drogerie) in
1,504 locations in the Russian Federation.

Approximately two-thirds of the Company's stores are located in cities with a
population of less than 500,000 inhabitants. Most of its stores are located in
the Southern, North-Caucasian, Central and Volga regions. The Company also
operates stores in the North-Western, Urals and Siberian regions.

As of September 30, 2012 the Company operated an in-house logistics system
consisting of 17 distribution centers, employing automated stock replenishment
systems and a fleet of 4,082 vehicles.

In accordance with the reviewed IFRS consolidated financial statements for 1H
2012, the Company recorded consolidated revenue of approximately US$ 6,776
million and consolidated EBITDA of around US$ 671 million.



END

-0- Nov/30/2012 07:00 GMT

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