OJSC MAGNIT: 31st "Magnit Family" Store Opening

October 1, 2013 
OJSC "Magnit" Announces the Opening of the 31st "Magnit Family" Store 
Krasnodar, October 1, 2013: OJSC "Magnit", Russia's largest retailer (the
"Company"; MICEX and LSE: MGNT), is pleased to announce the opening of the 31st
"Magnit Family" store. 
Please be informed that today the Company has opened its 31st "Magnit Family"
store located at 29 Magistralnaya street, Astrakhan, Southern federal district.
Assortment of the store consists of about 5,300 SKUs, out of which about 80%
are food items. There are 12 cash desks installed in the sales area. The outlet
is leased by the Company. The store is open 7 days a week from 10 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: +7-861-277-4554 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 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- Oct/01/2013 06:11 GMT

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