KRASNODAR, June 22, 2009: OJSC “Magnit” (the “Company”; RTS, MICEX and LSE: MGNT) is pleased to announce the opening of the eighteenth hypermarket.

Dear Ladies and Gentlemen!

We are glad to inform you that today is the opening of eighteenth “Magnit” hypermarket located at 3a Gagarina street, Tuapse, Кrasnodar region. Total space of the store is 2,500 sq. m. and its selling space is 2,000 sq. m. Underground parking of 2,000 sq. m. is provided in the hypermarket. Assortment consists of over 7,000 SKUs, out of which 80% are food items. There are 13 cash desks installed in the sales area

OJSC «Magnit» announces the opening of the eighteenth hypermarket