Krasnodar, December 18, 2013: OJSC “Magnit”, Russia’s largest retailer (the “Company”; MICEX and LSE: MGNT), is pleased to announce the opening of the 40th “Magnit Family” store.

Please be informed that today the Company has opened its 40th “Magnit Family” store located at 66A Matrosovskaya sreet (“Parus” shopping center), Borisoglebsk, Voronezh region, Central federal district. Assortment of the store consists of more than 4,100 SKUs, out of which about 86% are food items. There are 13 cash desks installed in the sales area. The outlet is leased by the Company. The store is open 7 days a week from 9 am to 10 pm.

OJSC “Magnit” announces the opening of the 40th “Magnit Family” store