OJSC MAGNIT: New Hypermarkets Opening

Press-release 
Krasnodar 
December 24, 2012 
OJSC "Magnit" announces the opening of new hypermarkets 
Krasnodar, December 24, 2012: OJSC "Magnit" (the "Company"; MICEX and LSE:
MGNT) is pleased to announce the opening of the 117th and 118th hypermarkets of
a medium format. 
Dear Ladies and Gentlemen! 
We are glad to inform you that on December 22, 2012 the Company has opened its
117th hypermarket of a medium format located at 18 Soyfera street, Tula,
Central federal district. Assortment of the hypermarket consists of more than
14,000 SKUs, out of which about 66% are food items. There are 25 cash desks
installed in the sales area. The hypermarket is open 7 days a week from 10 am
to 10 pm. 
Today the Company has opened its 118th hypermarket of a medium format located
at 74 Geroev Stalingrada prospect, Volgograd, Southern federal district.
Assortment of the hypermarket consists of more than 11,600 SKUs, out of which
about 75% are food items. There are 21 cash desks installed in the sales area.
The hypermarket is open 7 days a week from 10 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:

Headquartered in the southern Russia city of Krasnodar, Magnit (LSE and MICEX:
MGNT) 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 cities and towns throughout
the Russian Federation.

Approximately two-thirds of the Magnit'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 Magnit 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 Magnit recorded consolidated revenues of approximately $6.7 billion
USD and a consolidated EBITDA of $671 million USD.



END

-0- Dec/24/2012 07:00 GMT


 
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