OJSC MAGNIT: 22nd "Magnit Family" Store Opening
April 19, 2013
OJSC "Magnit" Announces the Opening of the 22nd "Magnit Family" Store
Krasnodar, April 19, 2013: OJSC "Magnit", Russia largest retailer (the "Company"; MICEX and LSE: MGNT), is pleased to announce the opening of the 22nd "Magnit Family" store.
Please be informed that today the Company has opened its 22nd "Magnit Family" store located at 50 let Pobedy street, Tutaev, Yaroslavl region, Central federal district. Assortment of the store consists of more than 4,000 SKUs, out of which about 98% are food items. There are 13 cash desks installed in the sales area. The store is open 7 days a week from 9 am to 10 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, 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. END -0- Apr/19/2013 06:20 GMT