Krasnodar, August 12, 2014: OJSC “Magnit”, Russia’s largest food retailer (the “Company”; MICEX and LSE: MGNT), is pleased to announce the opening of the 171st hypermarket of a small format.

Please be informed that today the Company has opened its 171st hypermarket of a small format located at 65, Leninskogo Komsomola street, Shakhty, Rostov region, Southern federal district. Assortment of the hypermarket consists of more than 8,900 SKUs, out of which about 83% are food items. There are 15 cash desks installed in the sales area. The outlet is owned by the Company. The hypermarket is open 7 days a week from 10 am to 10 pm.

OJSC «Magnit» announces the opening of the 171st hypermarket