Krasnodar, August 17, 2010: OJSC “Magnit” (the “Company”; RTS, MICEX and LSE: MGNT) is pleased to announce the opening of the 32nd hypermarket.

Dear Ladies and Gentlemen!

We are glad to inform you that today the Company has opened its 32nd hypermarket of the medium format located at 30, Moskovskiy prospect, Togliatti. The total space of the store is about 12,800 sq. m. and its selling space is over 6,900 sq. m. (out of which about 400 sq. m. is rental space). Assortment of the “Magnit” hypermarket consists of about 10,600 SKUs, out of which about 65% are food items. There are 30 cash desks installed in the sales area. The hypermarket is open 7 days a week from 10 am to 10 pm.

OJSC “Magnit” announces the opening of the 32nd hypermarket