Krasnodar, March 11, 2013: OJSC “Magnit” (the “Company”; MICEX and LSE: MGNT) announces 26% retail sales growth in rubles for February 2013^1,2

During February 2013 the Company opened (net) 74 stores. The total store base reached 6,995 stores (6,139 convenience stores, 128 hypermarkets, 21 “Magnit Family” stores and 707 cosmetics stores).

Preliminary consolidated unaudited net retail revenue (excl. VAT) in 2M 2013 increased by 29.11% in ruble terms (compared to 2M 2012) and stood at 83,166.75 million rubles.

¹ According to management accounts

² 2012 was a leap year. There were

OJSC «Magnit» announces unaudited February 2013 Results