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OJSC MAGNIT: January 2013 Results


Press-release

Krasnodar

February 8, 2013

OJSC "Magnit" Announces 33% Retail Sales Growth in Rubles for January 2013

Krasnodar, February 8, 2013: OJSC "Magnit" (the "Company"; MICEX and LSE: MGNT) announces 33% retail sales growth in rubles for January 2013.

During January 2013 the Company opened (net) 37 stores. The total store base reached 6,921 stores (6,080 convenience stores, 126 hypermarkets, 21 "Magnit Family" stores and 694 cosmetics stores).

Preliminary consolidated unaudited net retail revenue (excl. VAT) in January 2013 increased by 32.57% in ruble terms (compared to January 2012) and stood at 41,260.60 million rubles.

January 2013 Key Operating and Financial Highlights:

January 2013 January 2012 Growth Rate

Number of opened stores, NET 37 37 n/a


                                                                               
              convenience stores              34              23            n/a
                                                                               
                    hypermarkets               0               0            n/a
                                                                               
                   magnit family               1               0            n/a
                                                                               
                cosmetics stores               2              14            n/a

Total number of stores 6,921 5,346 n/a


                                                                               
              convenience stores           6,080           5,029            n/a
                                                                               
                    hypermarkets             126              90            n/a
                                                                               
                   magnit family              21               3            n/a
                                                                               
                cosmetics stores             694             224            n/a

Selling space, thousand sq. m. 2,562.81 1,983.12 29.23%


                                                                               
              convenience stores        1,988.00        1,646.29         20.76%
                                                                               
                    hypermarkets          387.62          279.50         38.68%
                                                                               
                   magnit family           25.81            3.80            n/a
                                                                               
                cosmetics stores          161.39           53.52            n/a
                                    January 2013    January 2012    Growth Rate 

Net retail sales, million RUR 41,260.60 31,122.65 32.57%


                                                                               
              convenience stores       33,189.02       26,129.22         27.02%
                                                                               
                    hypermarkets        6,816.40        4,660.91         46.25%
                                                                               
                   magnit family          574.64           89.22            n/a
                                                                               
                cosmetics stores          680.55          243.30            n/a

Net retail sales, million US$ 1,363.63 987.51 38.09%


                                                                               
              convenience stores        1,096.87          829.07         32.30%
                                                                               
                    hypermarkets          225.28          147.89         52.33%
                                                                               
                   magnit family           18.99            2.83            n/a
                                                                               
                cosmetics stores           22.49            7.72            n/a

For further information, please contact:

Timothy Post                            Director, Investor Relations           
                                                                               
                                        e-mail: Post@gw.tander.ru              
                                                                               
                                        Tel. in Krasnodar +7 (861) 277-45-54,  
                                        210-98-10 ext. 7600                    
                                                                               
                                        Mob.: +7 (961) 511-76-78               
                                                                               
                                        Direct line for investors only: +7     
                                        (861) 277-45-62                        

Dina Svishcheva Deputy Director, 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 December 31, 2012 the chain
consisted of 6,046 convenience stores, 126 hypermarkets, 20 "Magnit Family"
stores and 692 cosmetics stores (drogerie) in 1,605 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 December 31, 2012 Magnit operated an in-house logistics system consisting
of 18 distribution centers, employing automated stock replenishment systems and
a fleet of 4,401 vehicles.

In accordance with the unaudited IFRS management accounts for 2012, Magnit
recorded consolidated revenues of approximately $14,430 million USD and a
consolidated EBITDA of $1,524 million USD.

According to management accounts

Based on the average exchange rate for January 2013 of 30.2580 RUB per 1 USD,
January 2012 - 31.5162 RUB per 1 USD
                                                                              



END

-0- Feb/08/2013 07:00 GMT

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