OJSC MAGNIT: Opening of the 6000th Convenience Store

Press-release 
Krasnodar 
December 29, 2012 
OJSC "Magnit" Announces the Opening of the 6000th Convenience Store 
Krasnodar, December 29, 2012: OJSC "Magnit" (the "Company"; MICEX and LSE:
MGNT) is pleased to announce the opening of the 6000th convenience store. 
Please be informed that today the Company opened its 6000th convenience store
located at 152/1 Leninskiy Prospect, Moscow. The total space of the store is
649 sq. m. and its selling space is 408 sq. m. The outlet is leased by the
Company. 
As of December 29, 2012 the Company operates 50 convenience stores and 3
cosmetics stores in Moscow city. 
In total, the Company operates 6 825 stores and this is comprised of 6 000
convenience stores, 679 cosmetics stores, 126 hypermarkets and 20 Magnit
Family. 
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/31/2012 07:00 GMT