Krasnodar, July 12, 2013: OJSC “Magnit”, Russia’s largest retailer (the “Company”; MICEX and LSE: MGNT), is pleased to announce the opening of the 140th hypermarket of a medium format.

Please be informed that today the Company has opened its 140th hypermarket of a medium format located at 2, Vinogradniy lane, Sochi, Krasnodar region, Southern federal district. Assortment of the hypermarket consists of more than 11,200 SKUs, out of which about 67% are food items. There are 23 cash desks installed in the sales area. The outlet is owned by the Company. The hypermarket is open 7 days a week from 9 am to 11 pm

OJSC “Magnit” announces the opening of the 140th hypermarket