OREANDA-NEWS. December 24, 2009. OJSC "Magnit" (the “Company”; RTS, MICEX and LSE: MGNT) is pleased to announce the opening of the 23rd hypermarket.

We are glad to inform you that today is the opening of the 23rd “Magnit” hypermarket located at 1a, Vracha Surova prospect, Ulyanovsk. Total space of the store is 14,400 sq. m. and its selling space is 4,320 sq. m. (out of which 3,138 sq. m. is rental space). Assortment of the “Magnit” hypermarket consists of about 13,200 SKUs, out of which 80% are food items. There are 21 cash desks installed in the sales area.