Krasnodar, September 24, 2013: OJSC “Magnit”, Russia’s largest retailer (the “Company”; MICEX and LSE: MGNT), updates guidance for 2013.

Based on the analysis of sales of the first eight months and first half of September this year the management of the Company updates guidance for 2013 and issues preliminary guidance for 2014 as follows:

	2013	2014 (preliminary)
Sales growth in RUR:	29-30%	25%
EBITDA margin:	in line with FY 2012	-
CAPEX, US$ bn	1.6-1.7	1.7-1.8
Number of store openings, net
— convenience stores	1,100	1,000
— hypermarkets and “Magnit Family”	60-65	80
— cosmetics stores	0	350

Guidance for 2014 is subject to change in the end of October — November 2012 after the publication of 9M 2013 financial results.

OJSC "Magnit" announces FY 2013 guidance update