OJSC MAGNIT - 165th Hypermarket and 50th "Magnit Family" Store Opening

Press-release

Krasnodar

March 27, 2014

OJSC "Magnit" Announcesthe Opening ofa NewHypermarket and a "Magnit Family"

Krasnodar, March 27, 2014: OJSC "Magnit", Russia's largest retailer (the
"Company"; MICEX and LSE: MGNT), is pleased to announce the opening of a new
hypermarket and a "Magnit Family".

Please be informed that today the Company has opened its 165th hypermarket and
50th "Magnit Family" store.

The 165th hypermarket (small format) is located at 27A Tereshkovoy street,
Dzerzhinsk, Nizhny Novgorod region, Volga federal district. Assortment of the
hypermarket consists of about 9,900 SKUs, out of which about 75% are food
items. There are 19 cash desks installed in the sales area. The outlet is owned
by the Company. From March 27, 2014 till May 25, 2014 the hypermarket is open 7
days a week from 9 am to 10 pm. Starting from May 25, 2014 the working hours
will be from 9 am to 11 pm.

The 50th "Magnit Family" store is located at 69, Yuzhnaya street, Pavlovsky
Posad, Moscow region, Central federal district. Assortment of the store
consists of more than 5,500 SKUs, out of which about 89% are food items. There
are 13 cash desks installed in the sales area. The outlet is owned by the
Company. The hypermarket is open 7 days a week from 9 am to 11 pm.

For further information, please contact:

Timothy Post                            Director, Investor Relations

                                        Email: [e-mail]

                                        Office: [phone] x 17600

                                        Mobile: [phone]

                                        Direct Line: [phone]

Dina Svishcheva                         Deputy Director, Investor Relations

                                        Email: [e-mail]

                                        Office: [phone] x 15101

                                        Mobile: [phone]

                                        Direct Line: [phone]

Company description:

Magnit is Russia's largest retailer. Founded in 1994, the company is
headquartered in the southern Russian city of Krasnodar. As of December 31,
2013, Magnit operated 22 distribution centers and over 8,000 stores (7,200
convenience, 207 hypermarkets, and 686 cosmetics) in more than 1,868 cities and
towns throughout 7 federal regions of the Russian Federation.

In accordance with the audited IFRS consolidated financial statements for 2013,
Magnit had revenues of $18,202 million USD and an EBITDA of $2,032 million USD.
Magnit's local shares are traded on the Moscow Stock Exchange (MICEX: MGNT) and
its GDRs on the London Stock Exchange (LSE: MGNT) and it has a credit rating
from Standard & Poor's of BB. Measured by market capitalization, Magnit is one
of the largest retailers in Europe.

Copyright h 27 PR Newswire