OREANDA-NEWS. September 14, 2012. OJSC “Magnit” (the “Company”; MICEX and LSE: MGNT) announces 34% retail sales growth in rubles in August 2012.

During 8M 2012 the Company opened (net) 665 stores. The total store base reached 5,974 stores (5,425 convenience stores, 105 hypermarkets, 8 “Magnit Family” stores and 436 cosmetics stores). Preliminary consolidated unaudited net retail revenue (excl. VAT) in 8M 2012 increased by 32.61% in ruble terms (compared to 8M 2011) and stood at 283,203.29 million rubles.

August 2012 Key Operating and Financial Highlights:

August 2012

August 2011

Growth Rate

8M 2012

8M 2011

Growth Rate

Number of opened stores, NET

137

112

n/a

665

604

n/a

convenience stores

85

81

n/a

419

514

n/a

hypermarkets

3

5

n/a

15

21

n/a

magnit family

2

0

n/a

5

2

n/a

cosmetics stores

47

26

n/a

226

67

n/a

Total number of stores

5,974

4,659

n/a

5,974

4,659

n/a

convenience stores

5,425

4,516

n/a

5,425

4,516

n/a

hypermarkets

105

71

n/a

105

71

n/a

magnit family

8

3

n/a

8

3

n/a

cosmetics stores

436

69

n/a

436

69

n/a

Selling space, thousand sq. m.

2,213.13

1,698.36

30.31%

2,213.13

1,698.36

30.31%

convenience stores

1,780.73

1,457.16

22.21%

1,780.73

1,457.16

22.21%

hypermarkets

324.68

222.60

45.86%

324.68

222.60

45.86%

magnit family

9.88

3.80

n/a

9.88

3.80

n/a

cosmetics stores

97.83

14.81

n/a

97.83

14.81

n/a

August 2012

August 2011

Growth Rate

8M 2012

8M 2011

Growth Rate

Net retail sales, million RUR

37,827.02

28,242.04

33.94%

283,203.29

213,566.47

32.61%

convenience stores

30,389.32

23,965.34

26.81%

232,548.84

185,542.88

25.33%

hypermarkets

6,679.06

4,098.23

62.97%

46,433.55

27,428.15

69.29%

magnit family

230.80

104.62

n/a

1,221.36

422.36

n/a

cosmetics stores

527.84

73.85

n/a

2,999.53

173.07

n/a

Net retail sales, million USD

1,183.06

981.56

20.53%

9,122.26

7,480.20

21.95%

convenience stores

950.44

832.92

14.11%

7,490.63

6,498.67

15.26%

hypermarkets

208.89

142.43

46.66%

1,495.67

960.68

55.69%

magnit family

7.22

3.64

n/a

39.34

14.79

n/a

cosmetics stores

16.51

2.57

n/a

96.62

6.06

n/a