OJSC MAGNIT: 146th Hypermarket Opening

August 20, 2013 
OJSC "Magnit" Announces the Opening of the 146th Hypermarket 
Krasnodar, August 20, 2013: OJSC "Magnit", Russia's largest retailer (the
"Company"; MICEX and LSE: MGNT), is pleased to announce the opening of the
146th hypermarket of a medium format. 
Please be informed that today the Company has opened its 146th hypermarket of a
medium format located at 17A Leninskogo Komsomola prospect, Novokuybyshevsk,
Nizhny Novgorod region, Volga federal district. Assortment of the hypermarket
consists of more than 12,900 SKUs, out of which about 61% are food items. There
are 25 cash desks installed in the sales area. The outlet is owned by the
Company. The hypermarket is open 7 days a week from 9 am to 10 pm. 
For further information, please contact: 
Timothy Post                            Director, Investor Relations            

                                        Email: post@gw.tander.ru               
                                        Office: +7-861-277-4554 x7600          
                                        Mobile: +7-961-511-7678                
                                        Direct Line: +7-861-277-4562           

Dina Svishcheva                         Deputy Director, Investor Relations     

                                        Email: Chistyak@gw.tander.ru           
                                        Office: +7-861-277-45-54 x5101         
                                        Mobile: +7-961-511-0202                
                                        Direct Line: +7-861-277-4562           

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 June
30, 2013, Magnit operates 18 distribution centers and over 7,000 stores (6,552
convenience, 164 hypermarkets, and 700 cosmetics) in more than 1,700 cities and
towns throughout 7 federal regions of the Russian Federation.

In accordance with the unaudited IFRS management accounts for 1H 2013, Magnit
had revenues of $8,796 million USD and an EBITDA of $889 million 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.


-0- Aug/20/2013 06:10 GMT

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