Krasnodar, March 10, 2011: OJSC “Magnit” (the “Company”; RTS, MICEX and LSE: MGNT) has been included in MICEX Index.

Dear Ladies and Gentlemen!

We are pleased to inform you that ordinary shares of OJSC “Magnit” have been included into calculation base of MICEX Index. Weight of “Magnit” securities in MICEX Index amounts to 2.82% as of 10.03.2011.

MICEX Index is a capital-weighted price index of the 30 major and most liquid Russian stocks traded at the MICEX Stock Exchange (MICEX SE).

The information on Regulations on calculating the MICEX Index can be found on the company’s website: http://www.micex.ru/

OJSC “Magnit” has been included in MICEX Index