Krasnodar, June 16, 2010: OJSC “Magnit” (the “Company”; RTS, MICEX and LSE: MGNT) is pleased to announce the opening of the 27th hypermarket.

Dear Ladies and Gentlemen!

We are glad to inform you that today the Company has opened its 27th hypermarket located at the corner of 19, Syzranova and 249, Shilo str., Taganrog, Rostov region. Total space of the store is 4,686 sq. m. and its selling space is 2,586 sq. m. (out of which about 136 sq. m. is rental space). Assortment of the “Magnit” hypermarket consists of about 9,873 SKUs, out of which about 58% are food items. There are 19 cash desks installed in the sales area.

OJSC “Magnit” announces the opening of the 27th hypermarket