Krasnodar, September 1, 2010: OJSC “Magnit” (the “Company”; RTS, MICEX and LSE: MGNT) is pleased to announce the increase of its fleet to 2,000 vehicles.

Dear Ladies and Gentlemen!

We are pleased to inform you that today the Company has purchased its 2000^th truck.

Automobile operating companies of OJSC “Magnit” are located in Bataysk, Kropotkin, Slavyansk-on-Kuban, Engels, Togliatti, Tver, Oryol, Ivanovo, Veliky Novgorod and Chelyabinsk.

Vehicles of the Company make over 1,300 rounds on a daily basis. Today about 6,000 employees are engaged in transportation. By the end of 2010 the number of trucks in the Company will exceed 2,400 vehicles.

OJSC «Magnit» announces acquisition of a 2,000 vehicle