OJSC MAGNIT: Magnit CEO Included in the List of Business Leaders

September 19, 2013 
OJSC "Magnit" CEO Sergey Galitskiy has been Included in the List of Business 
Krasnodar, September 19, 2013: Sergey Galitskiy, CEO of OJSC "Magnit", Russia's
largest retailer (MICEX and LSE: MGNT), has been included in the list of
business leaders of the rating by Russian managers association and Kommersant 
Magnit CEO Sergey Galitskiy has been included in the list of business leaders
of ХIV "TOP-1000 Russian managers" rating for 2013 prepared by Russian 
association and Kommersant. The list of business leaders includes businessmen
and leading top-managers. 
Another three top-managers of OJSC "Magnit" are among top five in the industry:
Khachatur Pombukhchan (CFO rating), Marina Ivanova (CCO rating) and Oleg
Goncharov (GRO rating). 
"TOP-1000 Russian managers" rating of Russian managers association is the
non-biased instrument of professional reputation evaluation of the leading
Russian top-managers. The rating summarizes the year-end results of work and
reveals the most professional managers of Russia, leaders of industries and
functional areas. 
The rating methodology is based on "the best choose the best" principle:
top-managers evaluate top-managers, functional managers evaluate functional
Please follow the links below to view "TOP-1000 Russian managers" rating for
2013 in full: 
Russian managers association: 
Kommersant: http://kommersant.ru/doc/2280742 
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 reviewed IFRS consolidated financial statements for 1H
2013, Magnit had revenues of $8,796 million USD and an EBITDA of $890 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- Sep/19/2013 09:33 GMT

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