Krasnodar, July 10, 2013: OJSC “Magnit”, Russia’s largest retailer (the “Company”; MICEX and LSE: MGNT) announces 30.29% retail sales growth in rubles for June 2013¹.

During June 2013 the Company opened (net) 170 stores. The total store base reached 7,416 stores (6,552 convenience stores, 138 hypermarkets, 26 “Magnit Family” stores and 700 cosmetics stores).

Preliminary consolidated unaudited net retail revenue (excl. VAT) in 6M 2013 increased by 31.49% in ruble terms (compared to 6M 2012) and stood at 272,800.56 million rubles.

We consider 1H 2013 sales growth dynamics stable. May 2013 is the exception from this trend due to the greater number of weekends and public holidays, including Easter. Thus, there were 10 off days in May 2012 vs. 13 in May 2013.

Additionally, please note that the share of the southern region in the total number of the Company’s stores reduced due to expansion of its geographical coverage in the other regions. As the result, the effect of the summer months on sales growth rates has become less pronounced. Thus, the share of sales of stores located at the seaside amounted to 7.29% in June 2013 vs. 8.04% in June 2012.

¹ According to management accounts

OJSC «Magnit» announces unaudited June 2013 results