OJSC MAGNIT: Opening of the First Store above the Arctic Circle

April 16, 2013 
OJSC "Magnit" Announces the Opening of the FirstStore abovethe Arctic Circle 
Krasnodar, April 16, 2013: OJSC "Magnit", Russia largest retailer (the
"Company", MICEX and LSE: MGNT), is pleased to announce the opening of the
first store above the Arctic Circle. 
Today the Company opened its first convenience store above the Arctic Circle at
the following address: 25 Kandalakshaskoe shosse, Kandalaksha, Murmansk region.
Population of this town is about 35 700 inhabitants. The total space of the
store is 714 sq. m. and its selling space is 469 sq. m. The outlet is leased by
the Company. 
Kandalaksha is 1 469 km far from Moscow and 3 016 km far from Krasnodar. 
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 the
largest food retail network 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.


-0- Apr/16/2013 10:35 GMT

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