OREANDA-NEWS. OJSC “Magnit” (the “Company”; MICEX and LSE: MGNT) announces 26% retail sales growth in rubles for February 2013 (please see footnote)

During February 2013 the Company opened (net) 74 stores. The total store base reached 6,995 stores (6,139 convenience stores, 128 hypermarkets, 21 “Magnit Family” stores and 707 cosmetics stores).

Preliminary consolidated unaudited net retail revenue (excl. VAT) in 2M 2013 increased by 29.11% in ruble terms (compared to 2M 2012) and stood at 83,166.75 million rubles.

February 2013 Key Operating and Financial Highlights:

February 2013

February 2012

Growth Rate

2M 2013

2M 2012

Growth Rate

Number of opened stores, NET

74

34

n/a

111

71

n/a

convenience stores

59

18

n/a

93

41

n/a

hypermarkets

2

0

n/a

2

0

n/a

magnit family

0

0

n/a

1

0

n/a

cosmetics stores

13

16

n/a

15

30

n/a

Total number of stores

6,995

5,380

n/a

6,995

5,380

n/a

convenience stores

6,139

5,047

n/a

6,139

5,047

n/a

hypermarkets

128

90

n/a

128

90

n/a

magnit family

21

3

n/a

21

3

n/a

cosmetics stores

707

240

n/a

707

240

n/a

Selling space, thousand sq. m.

2,591.07

1,993.69

29.96%

2,591.07

1,993.69

29.96%

convenience stores

2,007.36

1,653.03

21.43%

2,007.36

1,653.03

21.43%

hypermarkets

393.07

279.50

40.64%

393.07

279.50

40.64%

magnit family

25.81

3.80

n/a

25.81

3.80

n/a

cosmetics stores

164.83

57.37

n/a

164.83

57.37

n/a

February 2013

February 2012

Growth Rate

2M 2013

2M 2012

Growth Rate

Net retail sales, million RUR

41,906.15

33,292.60

25.87%

83,166.75

64,415.25

29.11%

convenience stores

33,154.50

27.699.22

19.69%

66,343.52

53,828.44

23.25%

hypermarkets

7,280.76

5,172.62

40.76%

14,097.16

9,833.54

43.36%

magnit family

631.44

95.59

n/a

1,206.08

184.81

n/a

cosmetics stores

839.45

325.17

n/a

1,520.00

568.47

n/a

Net retail sales, million USD

1,389.40

1,114.06

24.71%

2,752.76

2,096.35

31.31%

convenience stores

1,099.24

926.89

18.59%

2,195.93

1,751.81

25.35%

hypermarkets

241.39

173.09

39.46%

466.61

320.03

45.80%

magnit family

20.94

3.20

n/a

39.92

6.01

n/a

cosmetics stores

27.83

10.88

n/a

50.31

18.50

n/a