Krasnodar, February 12, 2009: OJSC “Magnit” (the “Company”; RTS, MICEX and LSE: MGNT) is pleased to announce the opening of a new distribution center in Togliatti.

Dear Ladies and Gentlemen!

We are glad to inform you that the Company opened new distribution center in Togliatti, Samara region. Total space of the warehouse is 16 200 sq. m., its premises are owned by the Company. Launch of the new distribution center will improve quality of service in the Volga region.

Today “Magnit” retail chain operates 9 distribution centers with their total capacity of 183 693 sq. m. All distribution centers are owned by the company.

City	Federal District	Space, sq. m.	Number of serviced stores	Share in total DC turnover, %
Bataisk	Southern	16 138	279	13,48%
Kropotkin	Southern	30 048	484	25,55%
Slavyansk-on-Kuban	Southern	20 448	106	1,40%
Engels	Volga	19 495	366	15,18%
Togliatti	Volga	16 200	279	6,03%
Tver	Central	10 714	207	8,40%
Oryol	Central	12 472	394	14,23%
Ivanovo	Central	42 026	321	10,98%
Chelyabinsk	Ural	16 152	160	4,75%
Total		183 693	2 596	100,00%

Magnit announces the opening of an owned distribution center in Togliatti