OJSC MAGNIT - 169th Hypermarket Opening

Press-release

Krasnodar

May 29, 2014

OJSC "Magnit" Announces the Opening of the 169th Hypermarket

Krasnodar, May 29, 2014: OJSC "Magnit", Russia's largest food retailer (the
"Company"; MICEX and LSE: MGNT), is pleased to announce the opening of the
169th hypermarket of a medium format.

Please be informed that today the Company has opened its 169th hypermarket of a
medium format located at Moldavskaya street, Chelyabinsk, Urals federal
district. Assortment of the hypermarket consists of more than 13,600 SKUs, out
of which about 62% are food items. There are 25 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 food retailer. Founded in 1994, the company is
headquartered in the southern Russian city of Krasnodar. As of March 31, 2014,
Magnit operated 23 distribution centers and over 8,200 stores (7,341
convenience, 215 hypermarkets, and 700 cosmetics) in more than 1,905 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 y 29 PR Newswire