OJSC MAGNIT - Magnit 9M 2014 Financial Results Publication Date

Press-release

Krasnodar

October 10, 2014

OJSC "Magnit" Announces the Publication Date of Unaudited 9M 2014 Financial Results Prepared in accordance with the IFRS

Krasnodar, October 10, 2014: OJSC "Magnit", Russia's largest retailer (the
"Company"; MICEX and LSE: MGNT), is pleased to announce the publication date of
unaudited 9M 2014 financial results prepared in accordance with the IFRS.

Please be informed that OJSC "Magnit" plans to release its unaudited 9M 2014
financial results prepared in accordance with the IFRS and based on management
accounts on Friday, October 24, 2014 at 10:00 AM (Moscow time).

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 September 30,
2014, Magnit operated 25 distribution centers and over 9,020 stores (7,891
convenience, 243 hypermarkets, and 886 drogeries) in approximately 2,000 cities
and towns throughout 7 federal regions of the Russian Federation.

In accordance with the reviewed IFRS consolidated financial statements for 1H
2014, Magnit had revenues of $9,979 million USD and an EBITDA of $1,045 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.

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