OREANDA-NEWS. OJSC “Magnit”, Russia's largest retailer (the “Company”; MICEX and LSE: MGNT) announces the opening of the 7000th convenience store.

Please be informed that the Company has opened its 7000th convenience store located at 94a Dushenova street, Gadzhievo, Murmansk region. This is the first “Magnit” store in this town where population is about 11000 people. The total space of the store is 387 sq. m. and its selling space is 274 sq. m. The outlet is leased by the Company.