Krasnodar, October 5, 2012: OJSC “Magnit” (the “Company”; MICEX and LSE: MGNT) is pleased to announce the opening of the 12th “Magnit Family” store.

Dear Ladies and Gentlemen!

We are glad to inform you that today the Company has opened its 12th “Magnit Family” store located at bld. 2, 1G, Kazanskaya street, Lyskovo, Nizhniy Novgorod region, Volga federal district. The store was opened in the result of the reformatting of the convenience store. Assortment of the store consists of more than 5,900 SKUs, out of which about 94% are food items. There are 12 cash desks installed in the sales area. The store is open 7 days a week from 10 am to 10 pm.

OJSC “Magnit” announces the opening of the 12th “Magnit Family” store