Krasnodar, October 23, 2012: OJSC “Magnit” (the “Company”; MICEX and LSE: MGNT) is pleased to announce the opening of the 107th hypermarket of a small format.

Dear Ladies and Gentlemen!

We are glad to inform you that today the Company has opened its 107th hypermarket of a small format located at bld. 2, 1A Radiotekhnicheskaya street, Yelets, Lipetsk region, Central federal district. Assortment of the hypermarket consists of more than 9,300 SKUs, out of which about 80% are food items. There are 17 cash desks installed in the sales area. The hypermarket is open 7 days a week from 9 am to 10-30 pm.

OJSC “Magnit” announces the opening of the 107th hypermarket