OJSC MAGNIT: 26th "Magnit Family" Store Opening
June 11, 2013
OJSC "Magnit" Announces the Opening of the 26th "Magnit Family" Store
Krasnodar, June 11, 2013: OJSC "Magnit", Russia's largest retailer (the "Company"; MICEX and LSE: MGNT), is pleased to announce the opening of the 26th "Magnit Family" store.
Please be informed that today the Company has opened its 26th "Magnit Family" store located at 30 Moskovskaya street, Sarov, Nizhny Novgorod region, Volga federal district. Assortment of the store consists of more than 3,850 SKUs, out of which about 89% are food items. There are 12 cash desks installed in the sales area. The outlet was opened in the result of the reformatting of the convenience store and is owned by the Company. The store is open 7 days a week from 9:00 am to 9 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: Magnit is Russia's largest retailer. Founded in 1994 by Sergey Galitskiy, the company is headquartered in the southern Russian city of Krasnodar. As of March 31, 2013, Magnit operates 18 distribution centers and over 7,000 stores (6,209 convenience, 153 hypermarkets, and 713 cosmetics) in more than1,600 cities and towns throughout 7 federal regions of the Russian Federation. In accordance with its audited IFRS consolidated financial statements for year-end 2012, Magnit had revenues of $14.43 billion USD and an EBITDA of $1.52 billion USD. Magnit's local shares are traded on the Moscow Stock Exchange (MICEX: MGNT) and its GDRs on the London Stock Exchange (LSE: MGNT) and it has a credit rating from Standard & Poor's of BB. Measured by market capitalization, Magnit is now Europe's 2nd largest retailer. END -0- Jun/11/2013 06:18 GMT