OJSC MAGNIT: Correction: Unaudited FY2013 Results Publication Date

OJSC MAGNIT: Correction: Unaudited FY2013 Results Publication Date
Only the Headline has been corrected. The text of the announcement remains
unchanged. 
                                                                            
                                                                           
Press-release 
Krasnodar 
January 21, 2014 
OJSC "Magnit" Announces the Publication Date of Unaudited FY2013 Financial 
Results Prepared in accordance with the IFRS and Based on the Management 
Accounts 
Krasnodar, January 21, 2014: OJSC "Magnit", Russia's largest retailer (the
"Company"; MICEX and LSE: MGNT), is pleased to announce the publication date of
unaudited FY 2013 financial results prepared in accordance with the IFRS and
based on the management accounts. 
Please be informed that OJSC "Magnit" plans to release its unaudited FY 2013
financial results prepared in accordance with the IFRS and based on management
accounts on Monday, January 27, 2014. 
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, the company is
headquartered in the southern Russian city of Krasnodar. As of December 31,
2013, Magnit operated 22 distribution centers and over 8,000 stores (7,200
convenience, 207 hypermarkets, and 686 cosmetics) in more than 1,868 cities and
towns throughout 7 federal regions of the Russian Federation.

In accordance with its reviewed IFRS consolidated financial statements, Magnit
had 1H 2013 revenues of $8.7 billion 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 food retailer. 



END

-0- Jan/21/2014 07:59 GMT


 
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