Krasnodar, April 30, 2014: OJSC “Magnit”, Russia’s largest food retailer (the “Company”; MICEX and LSE: MGNT), is pleased to announce the opening of the 167th hypermarket of a small format.

Please be informed that today the Company has opened its 167th hypermarket of a small format located at Lenina prospect/Volkova street, Orsk, Orenburg region, Volga federal district. Assortment of the hypermarket consists of about 8,900 SKUs, out of which about 79% are food items. There are 15 cash desks installed in the sales area. The outlet is leased by the Company. The hypermarket is open 7 days a week from 9 am to 10 pm.

OJSC «Magnit» announces the opening of the 167th hypermarket