OREANDA-NEWS. January 15, 2013. OJSC “Magnit” (the “Company”; MICEX and LSE: MGNT) announces 35% retail sales growth in rubles for December 20121.

During 12M 2012 the Company opened (net) 1,575 stores. The total store base reached 6,884 stores (6,046 convenience stores, 126 hypermarkets, 20 “Magnit Family” stores and 692 cosmetics stores). Preliminary consolidated unaudited net retail revenue (excl. VAT) in 12M 2012 increased by 33.63% in ruble terms (compared to 12M 2011) and stood at 448,486.20 million rubles.

December 2012 Key Operating and Financial Highlights:

December 2012

December 2011

Growth Rate

Number of opened stores, NET

407

286

n/a

convenience stores

293

223

n/a

hypermarkets

13

13

n/a

magnit family

3

0

n/a

cosmetics stores

98

50

n/a

Total number of stores

6,884

5,309

n/a

convenience stores

6,046

5,006

n/a

hypermarkets

126

90

n/a

magnit family

20

3

n/a

cosmetics stores

692

210

n/a

Selling space, thousand sq. m.

2,549.26

1,970.16

29.39%

convenience stores

1,977.46

1,637.83

20.74%

hypermarkets

387.62

278.45

39.21%

magnit family

24.36

3.80

n/a

cosmetics stores

159.83

50.09

n/a

Number of customers, million

196.11

162.30

20.83%

convenience stores

175.30

149.91

16.94%

hypermarkets

15.35

10.73

43.01%

magnit family

1.81

0.29

n/a

cosmetics stores

3.65

1.37

n/a

Net retail sales, million RUR

51,779.25

38,472.95

34.59%

convenience stores

39,895.20

31,254.32

27.65%

hypermarkets

10,129.09

6,759.60

49.85%

magnit family

732.01

112.47

n/a

cosmetics stores

1,022.96

346.55

n/a

Net retail sales, million US\\$

1,684.38

1,223.11

37.71%

convenience stores

1,297.79

993.62

30.61%

hypermarkets

329.50

214.90

53.33%

magnit family

23.81

3.58

n/a

cosmetics stores

33.28

11.02

n/a

4Q and 12M 2012 Key Operating and Financial Highlights:

4Q 2012

4Q 2011

Growth Rate

12M 2012

12M 2011

Growth Rate

Number of opened stores, NET

765

542

n/a

1,575

1,254

n/a

conveni ence stores

523

413

n/a

1,040

1,004

n/a

hypermarkets

21

17

n/a

36

40

n/a

magnit family

9

0

n/a

17

2

n/a

cosmeti cs stores

212

112

n/a

482

208

n/a

Total number of stores

6,884

5,309

n/a

6,884

5,309

n/a

conveni ence stores

6,046

5,006

n/a

6,046

5,006

n/a

hypermarkets

126

90

n/a

126

90

n/a

magnit family

20

3

n/a

20

3

n/a

cosmeti cs stores

692

210

n/a

692

210

n/a

Selling space, thousand sq. m.

2,549.26

1,970.16

29.39%

2,549.26

1,970.16

29.39%

conveni ence stores

1,977.46

1,637.83

20.74%

1,977.46

1,637.83

20.74%

hypermarkets

387.62

278.45

39.21%

387.62

278.45

39.21%

magnit family

24.36

3.80

n/a

24.36

3.80

n/a

cosmeti cs stores

159.83

50.09

n/a

159.83

50.09

n/a

Number of customers, million

549.44

445.77

23.26%

2,033.43

1,644.43

23.66%

conveni ence stores

497.07

415.46

19.64%

1,863.62

1,550.28

20.21%

hypermarkets

39.47

26.81

47.22%

137.69

87.97

56.53%

magnit family

4.34

0.82

n/a

8.87

2.20

n/a

cosmeti cs stores

8.56

2.68

n/a

23.25

3.98

n/a

Net retail sales, million RUR

129,153.84

95,500.24

35.24%

448,486.20

335,607.39

33.63%

conveni ence stores

102,481.13

79,660.18

28.65%

364,236.40

287,731.79

26.59%

hypermarkets

22,881.23

14,925.23

53.31%

75,418.70

46,185.07

63.30%

magnit family

1,583.85

286.17

n/a

3,098.58

797.71

n/a

cosmeti cs stores

2,207.63

628.66

n/a

5,732.51

892.82

n/a

Net retail sales, million US\\$

4,155.97

3,057.93

35.91%

14,424.02

11,420.11

26.30%

conveni ence stores

3,297.68

2,550.73

29.28%

11,714.42

9,790.99

19.64%

hypermarkets

736.28

477.91

54.06%

2,425.58

1,571.59

54.34%

magnit family

50.97

9.16

n/a

99.66

27.14

n/a

cosmeti cs stores

71.04

20.13

n/a

184.37

30.38

n/a

LFL results

LFL growth 4Q 2012 - 4Q 2011

Convenience stores

Hypermarkets

Total

Average ticket (excluding VAT), RUR

7.60%

6.19%

7.83%

Traffic

0.38%

4.93%

0.62%

Revenue, RUR

8.01%

11.43%

8.50%

LFL growth 12M 2012 to 12M 2011

Convenience stores

Hypermarkets

Total

Average ticket (excluding VAT), RUR

5.73%

3.23%

5.63%

Traffic

(0.46)%

2.07%

(0.35)%

Revenue, RUR

5.25%

5.36%

5.26%

Headquartered in the southern Russia city of Krasnodar, Magnit (LSE and MICEX: MGNT) is the holding company for a group of entities that operate in the retail trade under the “Magnit” brand. The chain of “Magnit” stores is one of the leading food retail networks in Russia. As of December 31, 2012 the chain consisted of 6,046 convenience stores, 126 hypermarkets, 20 “Magnit Family” stores and 692 cosmeti cs stores (drogeri e) in 1,605 citi es and towns throughout the Russi an Federati on.

Approximately two-thirds of the Magnit's stores are located in cities with a population of less than 500,000 inhabitants. Most of its stores are located in the Southern, North-Caucasian, Central and Volga regions. The Company also operates stores in the North-Western, Urals and Siberian regions.

As of December 31, 2012 Magnit operated an in-house logistics system consisting of 18 distribution centers, employing automated stock replenishment systems and a fleet of 4,401 vehicles.

In accordance with the reviewed IFRS consolidated financial statements for 1H 2012, the Magnit recorded consolidated revenues of approximately \\$6.7 billion USD and a consolidated EBITDA of \\$671 million USD.