Krasnodar, April 5, 2011: OJSC “Magnit” (the “Company”; RTS, MICEX and LSE: MGNT) is pleased to announce the increase of its fleet to 3,000 vehicles.

Dear Ladies and Gentlemen!

We are pleased to inform you that today the Company has purchased its 3,000th truck.

Automobile operating companies of OJSC “Magnit” are located in 13 towns of Russia: Bataysk, Kropotkin, Slavyansk-on-Kuban, Engels, Togliatti, Tver, Oryol, Ivanovo, Veliky Novgorod, Erzovka, Tambov, Dzerzhinsk and Chelyabinsk.

Vehicles of the Company make over 1,400 rounds on a daily basis. Today more than 9,200 employees are engaged in transportation.

At the end of 2011 the fleet will include 4,500 vehicles.

OJSC «Magnit» announces acquisition of a 3 000th truck