Krasnodar, September 7, 2012: OJSC “Magnit” (the “Company”; MICEX and LSE: MGNT) is pleased to announce the opening of the 9th “Magnit Family” store.

Dear Ladies and Gentlemen!

We are glad to inform you that today the Company has opened its 9th “Magnit Family” store located at 18 K. Marksa street, Zernograd, Southern federal district. The store was opened in the result of the reformatting of the convenience store. Assortment of the store consists of about 5,700 SKUs, out of which about 97% are food items. There are 12 cash desks installed in the sales area. The store is open 7 days a week from 8 am to 10 pm.

OJSC “Magnit” announces the opening of the 9th “Magnit Family” store