Krasnodar, December 27, 2013: OJSC “Magnit”, Russia’s largest retailer (the “Company”; MICEX and LSE: MGNT), is pleased to announce the opening of the 161st hypermarket of a small format.

Please be informed that today the Company has opened its 161st hypermarket of a small format located at 2J Vakhitova prospect, Nizhnekamsk, Republic of Tatarstan, Volga federal district. Assortment of the hypermarket consists of about 16,200 SKUs, out of which about 85% are food items. There are 19 cash desks installed in the sales area. The outlet is owned by the Company. The hypermarket is open 7 days a week from 8 am to 11 pm.

OJSC “Magnit” announces the opening of the 161st hypermarket