Krasnodar, December 12, 2012: OJSC “Magnit” (the “Company”; MICEX and LSE: MGNT) is pleased to announce the opening of the 115th hypermarket of a small format.

Dear Ladies and Gentlemen!

We are glad to inform you that today the Company has opened its 115th hypermarket of a small format located at 162 Sovetskaya street (“Stroydvor” shopping center), Magnitogorsk, Chelyabinsk region, Urals federal district. Assortment of the hypermarket consists of more than 8,200 SKUs, out of which about 77% are food items. There are 15 cash desks installed in the sales area. The hypermarket is open 7 days a week from 9 am to 11 pm.

OJSC “Magnit” announces the opening of the 115th hypermarket