Krasnodar, June 6, 2014: OJSC “Magnit”, Russia’s largest food retailer (the “Company”; MICEX and LSE: MGNT), is pleased to announce the opening of the 52nd “Magnit Family” store.

Please be informed that today the Company has opened its 52nd “Magnit Family” store located at 105, Karla Marxa street (“Apelsin” shopping center), Vologda, North-Western federal district. Assortment of the store consists of about 9,600 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 10 am to 10 pm.

OJSC “Magnit” announces the opening of the 52nd “Magnit Family” store