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OJSC MAGNIT: New Hypermarkets Opening

Press-release 
Krasnodar 
March 5, 2013 
OJSC "Magnit" Announces the Opening of New Hypermarkets 
Krasnodar, March 5, 2013: 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 129th and 130th
hypermarkets. 
The 129th hypermarket of a medium format is located at 30 Zhukova street, Ufa,
Republic of Bashkortostan, Volga federal district. Assortment of the
hypermarket consists of more than 14,200 SKUs, out of which about 68% are food
items. There are 23 cash desks installed in the sales area. The hypermarket is
open 7 days a week from 9 am to 11 pm. 
The 130th hypermarket of a small format is located at 58 Saratovskoe shosse,
Balakovo, Saratov region, Volga federal district. Assortment of the hypermarket
consists of more than 10,600 SKUs, out of which about 68% 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. 
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.



END

-0- Mar/05/2013 07:01 GMT