Krasnodar, October 29, 2010: OJSC “Magnit” assets in the 3^rd quarter of 2010 increased by 4,866,551 thousand rubles as compared to the 2^nd quarter of 2010. The growth of assets was conditioned by the proceeds received from the OJSC “Magnit” bonds placement in 3Q 2010¹.

Date of fact occurence: October 28, 2010

OJSC “Magnit” assets value as of 30.06.2010: 28,280,597 thousand rubles OJSC “Magnit” assets value as of 30.09.2010: 33,147,148 thousand rubles Absolute change of the Issuer’s assets value: 4,866,551 thousand rubles Relative change of the Issuer’s assets value: 17.21%

OJSC “Magnit” net profit for the 2^nd quarter of 2010 amounted to 197,108 thousand rubles vs. 175,651 thousand rubles as of the 3^rd quarter of 2010. The decrease of the net profit by 10.89% is due to the expenses incurred in the 3Q on the auditing services and capital repairs of the real estate objects.

Date of fact occurence: October 28, 2010

OJSC “Magnit” net profit in 2Q 2010: 197,108 thousand rubles

OJSC “Magnit” net profit in 3Q 2010: 175,651 thousand rubles

Absolute change of the Issuer’s net profit amount: −21,457 thousand rubles

Relative change of the Issuer’s net profit amount: −10.89%

¹ The figures are counted according to the OJSC “Magnit” report prepared under RAS, are disclosed according to the Russian legislation and do not characterize the operation of the whole group of “Magnit” companies.

OJSC “Magnit” announces change of the assets value and net profit amount (RAS, standalone basis)