Krasnodar, February 28, 2014: OJSC “Magnit”, Russia’s largest retailer (the “Company”; MICEX and LSE: MGNT), is pleased to announce the opening of the 48th “Magnit Family” store.

Please be informed that on February 28, 2014 the Company has opened its 48th “Magnit Family” store located at 38, 6th neighborhood unit (“Eurasia” shopping center), Tobolsk, Tyumen region, Urals federal district. Assortment of the store consists of more than 5,300 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 hypermarket is open 7 days a week from 9 am to 11 pm.

OJSC “Magnit” announces the opening of the 48th “Magnit Family” store