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OJSC MAGNIT: February/2M 2013 Results


Press-release

Krasnodar

March 11, 2013

OJSC "Magnit" Announces 26% Retail Sales Growth in Rubles for February 2013[1]

Krasnodar, March 11, 2013: OJSC "Magnit" (the "Company"; MICEX and LSE: MGNT) announces 26% retail sales growth in rubles for February 2013[2] (please see footnote)

During February 2013 the Company opened (net) 74 stores. The total store base reached 6,995 stores (6,139 convenience stores, 128 hypermarkets, 21 "Magnit Family" stores and 707 cosmetics stores).

Preliminary consolidated unaudited net retail revenue (excl. VAT) in 2M 2013 increased by 29.11% in ruble terms (compared to 2M 2012) and stood at 83,166.75 million rubles.

February 2013 Key Operating and Financial Highlights:

February 2013 February 2012 Growth Rate 2М 2013 2М 2012 Growth Rate Number of opened stores, NET 74 34 n/a


     111          71            n/a
             convenience stores             59             18           n/a     
      93          41            n/a
                   hypermarkets              2              0           n/a     
       2           0            n/a
                  magnit family              0              0           n/a     
       1           0            n/a
               cosmetics stores             13             16           n/a     
      15          30            n/a

Total number of stores                   6,995          5,380           n/a     
   6,995       5,380            n/a

convenience stores 6,139 5,047 n/a

6,139 5,047 n/a


                   hypermarkets            128             90           n/a     
     128          90            n/a
                  magnit family             21              3           n/a     
      21           3            n/a
               cosmetics stores            707            240           n/a     
     707         240            n/a

Selling space, thousand sq. m.         2,591.07       1,993.69        29.96%    
 2,591.07    1,993.69         29.96%

convenience stores 2,007.36 1,653.03 21.43% 2,007.36 1,653.03 21.43%

hypermarkets 393.07 279.50 40.64%

393.07 279.50 40.64%


                   magnit family          25.81           3.80           n/a    
    25.81        3.80            n/a

cosmetics stores 164.83 57.37 n/a

164.83 57.37 n/a

February 2013 February 2012 Growth Rate

2М 2013 2М 2012 Growth Rate Net retail sales, million RUR 41,906.15 33,292.60 25.87% 83,166.75 64,415.25 29.11%

convenience stores 33,154.50 27.699.22 19.69% 66,343.52 53,828.44 23.25%

hypermarkets 7,280.76 5,172.62 40.76% 14,097.16 9,833.54 43.36%

magnit family 631.44 95.59 n/a 1,206.08 184.81 n/a

cosmetics stores 839.45 325.17 n/a 1,520.00 568.47 n/a

Net retail sales, million US$[3] 1,389.40 1,114.06 24.71% 2,752.76 2,096.35 31.31%

convenience stores 1,099.24 926.89 18.59% 2,195.93 1,751.81 25.35%


                     hypermarkets         241.39         173.09         39.46%  
    466.61       320.03       45.80%
                    magnit family          20.94           3.20            n/a  
     39.92         6.01          n/a
                 cosmetics stores          27.83          10.88            n/a  
     50.31        18.50          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.

---------------------------------

[1] According to management accounts

[2] 2012 was a leap year. There were 29 days in February 2012 vs 28 days in February 2013. To compare the numbers correctly 3.6% should be added to the February 2013 results, i.e. 25.9 + 3.6 = 29.5%

[3] Based on the average exchange rate for February 2013 of 30.1613 RUB per 1 USD, February 2012 - 29.8839 RUB per 1 USD, 2M 2013 - 30.2121 RUB per 1 USD, 2M 2012 - 30.7273 RUB per 1 USD

END

-0- Mar/11/2013 07:00 GMT

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