Press-releaseKrasnodarMarch 18, 2014OJSC "Magnit" Announces the Opening of the 49th "Magnit Family" StoreKrasnodar, March 18, 2014: OJSC "Magnit", Russia's largest retailer (the"Company"; MICEX and LSE: MGNT), is pleased to announce the opening of the 49th"Magnit Family" store.Please be informed that today the Company has opened its 49th "Magnit Family"store located at Mira street, Nizhnevartovsk, Khanty-Mansiysk autonomousdistrict, Urals federal district. Assortment of the store consists of about7,500 SKUs, out of which about 85% are food items. There are 13 cash desksinstalled in the sales area. The outlet is leased by the Company. Thehypermarket is open 7 days a week from 9 am to 11 pm.For further information, please contact:Timothy Post Director, Investor Relations Email: post@gw.tander.ru Office: +7-861-277-4554 x 17600 Mobile: +7-961-511-7678 Direct Line: +7-861-277-4562Dina Svishcheva Deputy Director, Investor Relations Email: Chistyak@gw.tander.ru Office: +7-861-277-4554 x 15101 Mobile: +7-961-511-0202 Direct Line: +7-861-277-4562Company description:Magnit is Russia's largest retailer. Founded in 1994, the company isheadquartered in the southern Russian city of Krasnodar. As of December 31,2013, Magnit operated 22 distribution centers and over 8,000 stores (7,200convenience, 207 hypermarkets, and 686 cosmetics) in more than 1,868 cities andtowns throughout 7 federal regions of the Russian Federation.In accordance with the unaudited IFRS management accounts for 2013, Magnit hadrevenues of $18,202 million USD and an EBITDA of $2,032 million USD. Magnit'slocal shares are traded on the Moscow Stock Exchange (MICEX: MGNT) and its GDRson the London Stock Exchange (LSE: MGNT) and it has a credit rating fromStandard & Poor's of BB. Measured by market capitalization, Magnit is nowEurope's 2nd largest retailer.