Top News

American Apparel Got Indication of Interest for $1.30-$1.40 per Share
Tweet TWEET

OJSC MAGNIT: 22nd "Magnit Family" Store Opening

Press-release 
Krasnodar 
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


 
Press spacebar to pause and continue. Press esc to stop.