Krasnodar, October 5, 2010

Dear Ladies and Gentlemen!

We are glad to inform you that the number of employees on the payroll in the group of OJSC “Magnit” companies amounts to 107,546.

Personnel structure is as follows:

75% in-store personnel,

16% people engaged in distribution, 6% people in regional branches,

3% people employed by head office.

Sergey Galitskiy, the Company’s CEO, provided the following comments:

“We are proud to be the second among Russia’s largest private employers. This is our contribution to the state economy. We are sensible of responsibility for all who work in the Company and will do our best so that our employees get respectable salaries and feel worthy citizens of Russia.”

OJSC «Magnit» announces that the number of employees exceeded 100 thousand