OREANDA-NEWS. OJSC “Magnit”, Russia’s largest retailer (the “Company”; MICEX and LSE: MGNT), is pleased to announce the opening of the 135th hypermarket of a small format.

Please be informed that the Company has opened its 135th hypermarket of a small format located at 187 Karla Marxa prospect, Magnitogorsk, Chelyabinsk region, Urals federal district. Assortment of the hypermarket consists of more than 6,400 SKUs, out of which about 64% are food items. There are 17 cash desks installed in the sales area. The hypermarket is open 7 days a week from 9 am to 11 pm.

Headquartered in the southern Russian city of Krasnodar, Magnit (LSE and MICEX: MGNT, S&P: “BB”) 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 the largest food retail network in Russia. As of March 31, 2013 the chain consisted of 6,209 convenience stores, 132 hypermarkets, 21 “Magnit Family” stores and 713 cosmetics stores (drogerie) in 1,647 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 March 31, 2013 Magnit operated an in-house logistics system consisting of 18 distribution centers, employing automated stock replenishment systems and a fleet of 4,448 vehicles.

In accordance with the audited IFRS consolidated financial statements for 2012, Magnit recorded consolidated revenues of approximately USD 14.43 billion USD and a consolidated EBITDA of USD 1.52 billion USD.