OREANDA-NEWS. OJSC “Magnit” (the “Company”; RTS, MICEX and LSE: MGNT) announces the increase of its reliability rating to “AA+” level by “National Rating Agency”.

Please be informed that on April 4, 2013 “National Rating Agency” increased the reliability rating of OJSC “Magnit” from “AA” to “AA+” level - very high reliability first level.

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 cosmetics stores (drogerie) in 1,605 cities and towns throughout the Russian Federation.

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 audited IFRS consolidated financial statements for 2012, Magnit recorded consolidated revenues of approximately USD 14,430 million USD and a consolidated EBITDA of USD 1,524 million USD.