Press-releaseKrasnodarAugust 8, 2014OJSC "Magnit" Announces 33.68% Retail Sales Growth in Rubles for July 2014[1]Krasnodar, August 8, 2014: OJSC "Magnit", Russia's largest foodretailer (the "Company"; MICEX and LSE: MGNT) announces 33.68% retail salesgrowth in rubles for July 2014.During July 2014 the Company opened (net) 115 stores. The totalstore base reached 8,733 stores (7,686 convenience stores, 170 hypermarkets,61 "Magnit Family" stores and 816 drogeries).Preliminary consolidated unaudited net retail revenue (excl. VAT)in 7M 2014 increased by 28.78% in ruble terms (compared to 7M 2013) and stoodat 414,612.27 million rubles.According to Rosstat food inflation in July 2014 amounted to 0.7%compared to 0.5% in July 2013, in 7M 2014 7.6% compared to 5.2% in 7M 2013.July and 7M 2014 Key Operating and Financial Highlights: July 2014 July 2013 Growth Rate 7М 2014 7М 2013 Growth RateNumber of opened stores, NET 115 68 n/a 640 600 n/a convenience stores 72 66 n/a 486 572 n/a hypermarkets 1 5 n/a 9 17 n/a magnit family 4 4 n/a 15 10 n/a drogeries 38 (7) n/a 130 1 n/aTotal number of stores 8,733 7,484 n/a 8,733 7,484 n/a convenience stores 7,686 6,618 n/a 7,686 6,618 n/a hypermarkets 170 143 n/a 170 143 n/a magnit family 61 30 n/a 61 30 n/a drogeries 816 693 n/a 816 693 n/aSelling space, eop, th. sq. m. 3,227.40 2,783.32 15.95% 3,227.40 2,783.32 15.95% convenience stores 2,456.86 2,149.56 14.30% 2,456.86 2,149.56 14.30% hypermarkets 507.96 434.45 16.92% 507.96 434.45 16.92% magnit family 70.79 35.44 99.78% 70.79 35.44 99.78% drogeries 191.78 163.87 17.03% 191.78 163.87 17.03%Selling space growth, th. sq.m. 38.19 35.23 n/a 216.02 234.06 n/a convenience stores 23.20 20.18 n/a 144.66 172.11 n/a hypermarkets 3.42 11.36 n/a 25.08 46.83 n/a magnit family 3.76 4.25 n/a 17.53 11.08 n/a drogeries 7.79 (0.57) n/a 28.74 4.05 n/aNet retail sales, million RUR 65,708.54 49,155.32 33.68% 414,612.27 321,955.89 28.78% convenience stores 50,160.02 38,273.97 31.06% 317,142.07 253,535.30 25.09% hypermarkets 11,773.83 8,989.59 30.97% 75,782.13 57,347.61 32.15% magnit family 2,091.65 915.61 128.44% 12,173.35 5,119.07 137.80% drogeries 1,683.04 976.14 72.42% 9,514.71 5,953.91 59.81%Net retail sales, million US$[2] 1,896.95 1,501.49 26.34% 11,869.87 10,296.49 15.28% convenience stores 1,448.08 1,169.11 23.86% 9,079.41 8,108.33 11.98% hypermarkets 339.90 274.59 23.78% 2,169.56 1,834.04 18.29% magnit family 60.38 27.97 115.90% 348.51 163.71 112.88% drogeries 48.59 29.82 62.95% 272.40 190.41 43.06%For further information, please contact:Timothy Post Director, Investor Relations Email: post@magnit.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@magnit.ru Office: +7-861-277-45-54 x 15101 Mobile: +7-961-511-0202 Direct Line: +7-861-277-4562Company description:Magnit is Russia's largest food retailer. Founded in 1994, thecompany is headquartered in the southern Russian city of Krasnodar. As of June30, 2014, Magnit operated 24 distribution centers and over 8,600 stores (7,614convenience, 226 hypermarkets, and 778 drogeries) in approximately 2,000cities and towns throughout 7 federal regions of the Russian Federation.In accordance with the audited IFRS consolidated financialstatements for 2013, Magnit had revenues of $18,202 million USD and an EBITDAof $2,032 million USD. Magnit's local shares are traded on the Moscow StockExchange (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 marketcapitalization, Magnit is one of the largest retailers in Europe.---------------------------------[1] According to management accounts[2] Based on the average exchange rate for July 2014 - 34.6390 RUBper 1 USD, July 2013 - 32.7378 RUB per 1 USD, 7M 2014 - 34.9298 RUB per 1 USD,7M 2013 - 31.2685 RUB per 1 USD