Krasnodar, September 9, 2014: OJSC “Magnit”, Russia’s largest retailer (the “Company”; MICEX and LSE: MGNT), is pleased to announce the opening of a new hypermarket and “Magnit Family” stores.

Please be informed that today the Company has opened its 173^rd hypermarket and 63^rd and 64^th “Magnit Family” stores.

The 173^rd hypermarket (small format) is located at 146, Yaroslavskoe shosse (“Hanoi-Moscow” shopping center), Moscow, Central federal region. Assortment of the hypermarket consists of about 11,900 SKUs, out of which about 79% are food items. There are 19 cash desks installed in the sales area. The outlet is leased by the Company. The hypermarket is open 7 days a week from 9 am to 11 pm.

The 63^rd “Magnit Family” store is located at 75, Narimanova prospect (“DA” shopping center), Ulyanovsk, Volga federal region. Assortment of the store consists of about 9,700 SKUs, out of which about 85% are food items. There are 13 cash desks installed in the sales area. The outlet is leased by the Company. The hypermarket is open 7 days a week from 9 am to 10 pm.

The 64^th “Magnit Family” store is located at 11, Sovetskaya street (“Krotbers” shopping center), Kasimov, Ryazan oblast, Central federal region. Assortment of the store consists of about 5,800 SKUs, out of which about 90% are food items. There are 13 cash desks installed in the sales area. The outlet is leased by the Company. The hypermarket is open 7 days a week from 9 am to 10 pm.

OJSC “Magnit” announces the opening of a new hypermarket and “Magnit Family” stores