OJSC MAGNIT: Publication Date of Audited 1H 2013 Financial Results

OJSC MAGNIT: Publication Date of Audited 1H 2013 Financial Results
Press-release 
Krasnodar 
August 20, 2013 
OJSC "Magnit" Announces the Publication Date of Audited 1H 2013 Financial 
Results
Prepared in accordance with the IFRS 
Krasnodar, August 20, 2013: OJSC "Magnit", Russia's largest retailer (the
"Company"; MICEX and LSE: MGNT), is pleased to announce the publication date of
audited 1H 2013 financial results prepared in accordance with the IFRS. 
Please be informed that OJSC "Magnit" plans to release its audited 1H 2013
financial results prepared in accordance with the IFRS on Thursday, August 29,
2013. 
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: +7-861-277-4554 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.



END

-0- Aug/20/2013 12:44 GMT


 
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