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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