OJSC MAGNIT - Publication of 2013 Annual Report

Press-release

Krasnodar

April 30, 2014

OJSC "Magnit" Announces The Publication of its2013Annual Report

Krasnodar, April 30, 2014: OJSC "Magnit", Russia's largest food retailer (the
"Company"; MICEX and LSE: MGNT), announces the publication of its 2013 Annual
Report.

Please be informed that the 2013 Annual Report is available at the official
website of OJSC "Magnit".

Please follow the link http://magnit-info.ru/en/investors/finance/ to view the
English version of the report

and http://magnit-info.ru/investors/finance/ for the Russian version.

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.

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