Krasnodar, December 17, 2012: OJSC “Magnit” (the “Company”; MICEX and LSE: MGNT) is pleased to announce the opening of the 116th hypermarket of a small format.

Dear Ladies and Gentlemen!

We are glad to inform you that on December 15, 2012 the Company has opened its 116th hypermarket of a small format located at Lenina/Zavenyagina street (“Evropeyskiy” shopping center), Magnitogorsk, Chelyabinsk region, Urals federal district. Assortment of the hypermarket consists of more than 6,700 SKUs, out of which about 91% are food items. There are 16 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 116th hypermarket