Krasnodar, December 20, 2012: OJSC “Magnit” (the “Company”; MICEX and LSE: MGNT) is pleased to announce the opening of the 19th “Magnit Family” store.

Dear Ladies and Gentlemen!

We are glad to inform you that today the Company has opened its 19th “Magnit Family” store located at Lezhnevskaya street (“Galereya” shopping center), Ivanovo, Central federal district. Assortment of the store consists of more than 6,000 SKUs, out of which about 95% are food items. There are 15 cash desks installed in the sales area. The store is open 7 days a week from 10 am to 10 pm¹.

¹ During December 21-31, 2012 the store will be open from 10 am to 1 am.

OJSC “Magnit” announces the opening of the 19th “Magnit Family” store