OJSC MAGNIT: New Hypermarkets Opening

Press-release 
Krasnodar 
December 28, 2012 
OJSC "Magnit" Announces the Opening of New Hypermarkets 
Krasnodar, December 28, 2012: OJSC "Magnit" (the "Company"; MICEX and LSE:
MGNT) is pleased to announce the opening of new hypermarkets. 
Please be informed that today the Company has opened its 123rd, 124th, 125th
and 126th hypermarkets. 
The 123rd hypermarket of a small format is located at 42 Chapaeva street,
Nizhnevartovsk, Khanty-Mansiysk autonomous district, Urals federal district.
Assortment of the hypermarket consists of about 10,500 SKUs, out of which about
74% are food items. There are 19 cash desks installed in the sales area. The
hypermarket is open 7 days a week from 9 am to 11 pm. 
The 124th hypermarket of a small format is located at 6 Ulyanovskiy prospect
("Grand" shopping center), Ulyanovsk, Volga federal district. Assortment of the
hypermarket consists of more than 9,700 SKUs, out of which about 77% are food
items. There are 15 cash desks installed in the sales area. The hypermarket is
open 7 days a week from 9 am to 10 pm. 
The 125th hypermarket of a medium format is located at 113, the 11th district,
Tobolsk, Tyumen region, Urals federal district. Assortment of the hypermarket
consists of more than 10,300 SKUs, out of which about 62% 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. 
The 126th hypermarket of a medium format is located at 71 Molodezhnaya street,
Izhevsk, Udmurt Republic, Volga federal district. Assortment of the hypermarket
consists of about 13,800 SKUs, out of which about 63% are food items. There are
23 cash desks installed in the sales area. The hypermarket is open 7 days a
week from 8 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/28/2012 09:34 GMT


 
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