OJSC MAGNIT: Magnit 149th Hypermarket Opening

October 14, 2013 
OJSC "Magnit" Announces the Opening of the 149th Hypermarket 
Krasnodar, October 14, 2013: OJSC "Magnit", Russia's largest retailer (the
"Company"; MICEX and LSE: MGNT), is pleased to announce the opening of the
149th hypermarket of a small format. 
Please be informed that on October 12, 2013 the Company has opened its 149th
hypermarket of a small format located at 35 Vorovskogo street ("Krasnaya
Ploshchad" shopping center), Armavir, Krasnodar region, Southern federal
district. Assortment of the hypermarket consists of more than 9,100 SKUs, out
of which about 72% are food items. There are 19 cash desks installed in the
sales area. The outlet is owned by the Company. The hypermarket 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: +7-861-277-45-54 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
September 30, 2013, Magnit operates 19 distribution centers and over 7,600
stores (6,783 convenience, 178 hypermarkets, and 685 cosmetics) in more than
1,760 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/14/2013 06:00 GMT

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