OJSC MAGNIT: Magnit is Now Russia's Largest Food Retailer by Sales

OJSC MAGNIT: Magnit is Now Russia's Largest Food Retailer by Sales
Press-release 
Krasnodar 
April 12, 2013 
OJSC "Magnit" is Now the Absolute Leader in the Russian Food Retail Sector 
Krasnodar, April 12, 2013: OJSC "Magnit" (the "Company"; MICEX and LSE: MGNT)
is now the number one sales in the Russian food retail sector. 
Commenting on this information, Sergey Galitskiy, the Company's CEO, announced: 
"I'm afraid to be found immodest, but for the first time over the last 15 years
after opening of the first store we have become the leader in the food retail
sector by sales". 
Additionally, OJSC "Magnit" continues to maintain its #1 leadership position in
the Russian food retail sector in terms of the following metrics: total number
of stores, geographic coverage of Russia, top-line growth rates, profitability
margins, and, of course, Magnit remains Russia's most valuable food retailer in
terms of its market capitalization. 
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, S&P: "BB") 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 March 31, 2013 the chain
consisted of 6,209 convenience stores, 132 hypermarkets, 21 "Magnit Family"
stores and 713 cosmetics stores (drogerie) in 1,647 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 March 31, 2013 Magnit operated an in-house logistics system consisting of
18 distribution centers, employing automated stock replenishment systems and a
fleet of 4,448 vehicles.

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



END

-0- Apr/12/2013 07:10 GMT