OJSC MAGNIT - Opening of a New Hypermarket and "Magnit Family" Stores

Press-release

Krasnodar

September 9, 2014

OJSC "Magnit" Announcesthe Opening of a New Hypermarket and"Magnit Family" stores

Krasnodar, September 9, 2014: OJSC "Magnit", Russia's largest retailer (the
"Company"; MICEX and LSE: MGNT), is pleased to announce the opening of a new
hypermarket and "Magnit Family" stores.

Please be informed that today the Company has opened its 173rd hypermarket and
63rd and 64th "Magnit Family" stores.

The 173rd hypermarket (small format) is located at 146, Yaroslavskoe shosse
("Hanoi-Moscow" shopping center), Moscow, Central federal region. Assortment of
the hypermarket consists of about 11,900 SKUs, out of which about 79% are food
items. There are 19 cash desks installed in the sales area. The outlet is
leased by the Company. The hypermarket is open 7 days a week from 9 am to 11
pm.

The 63rd "Magnit Family" store is located at 75, Narimanova prospect ("DA"
shopping center), Ulyanovsk, Volga federal region. Assortment of the store
consists of about 9,700 SKUs, out of which about 85% are food items. There are
13 cash desks installed in the sales area. The outlet is leased by the Company.
The hypermarket is open 7 days a week from 9 am to 10 pm.

The 64th "Magnit Family" store is located at 11, Sovetskaya street ("Krotbers"
shopping center), Kasimov, Ryazan oblast, Central federal region. Assortment of
the store consists of about 5,800 SKUs, out of which about 90% are food items.
There are 13 cash desks installed in the sales area. The outlet is leased by
the Company. The hypermarket is open 7 days a week from 9 am to 10 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 June 30, 2014,
Magnit operated 24 distribution centers and over 8,600 stores (7,614
convenience, 226 hypermarkets, and 778 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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