Krasnodar, November 1, 2012: OJSC “Magnit” (the “Company”; MICEX and LSE: MGNT) is pleased to announce the opening of the 15th “Magnit Family” store.

Dear Ladies and Gentlemen!

We are glad to inform you that today the Company has opened its 15th “Magnit Family” store located at 10 Shkolniy lane, Mirniy, Arkhangelsk region, North-Western federal district. The store was opened in the result of the reformatting of the convenience store. Assortment of the store consists of more than 7,000 SKUs, out of which about 89% are food items. There are 10 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 15th “Magnit Family” store