OREANDA-NEWS. OJSC “Magnit”, Russia’s largest retailer (the “Company”; MICEX and LSE: MGNT) announces 28.74% retail sales growth in rubles for November 2013.

During November 2013 the Company opened (net) 181 stores. The total store base reached 7,920 stores (7,060 convenience stores, 152 hypermarkets, 34 “Magnit Family” stores and 674 cosmetics stores).

Preliminary consolidated unaudited net retail revenue (excl. VAT) in 11M 2013 increased by 30.05% in ruble terms (compared to 11M 2012) and stood at 515,904.45 million rubles.

November and 11M 2013 Key Operating and Financial Highlights:

November

2013

November

2012

Growth Rate

11М 2013

11М 2012

Growth Rate

Number of opened stores, NET

181

196

n/a

1,036

1,168

n/a

convenience stores

180

122

n/a

1,014

747

n/a

hypermarkets

2

4

n/a

26

23

n/a

Magnit family

2

3

n/a

14

14

n/a

cosmetics stores

(3)

67

n/a

(18)

384

n/a

Total number of stores

7,920

6,477

n/a

7,920

6,477

n/a

convenience stores

7,060

5,753

n/a

7,060

5,753

n/a

hypermarkets

152

113

n/a

152

113

n/a

Magnit family

34

17

n/a

34

17

n/a

cosmetics stores

674

594

n/a

674

594

n/a

Selling space growth, th. sq.m.

59.03

68.04

n/a

384.62

422.41

n/a

convenience stores

50.34

38.40

n/a

295.84

250.25

n/a

hypermarkets

6.87

10.80

n/a

72.44

70.04

n/a

Magnit family

2.12

3.10

n/a

15.67

16.56

n/a

cosmetics stores

(0.36)

15.77

n/a

0.67

85.57

n/a

Selling space, eop, th. sq. m.

2,933.87

2,392.58

22.62%

2,933.87

2,392.58

22.62%

convenience stores

2,273.29

1,888.08

20.40%

2,273.29

1,888.08

20.40%

hypermarkets

460.06

348.48

32.02%

460.06

348.48

32.02%

magnit family

40.03

20.36

96.63%

40.03

20.36

96.63%

cosmetics stores

160.49

135.66

n/a

160.49

135.66

n/a

Net retail sales, million RUR

50,201.24

38,993.84

28.74%

515,904.45

396,706.95

30.05%

convenience stores

38,839.35

31,434.86

23.56%

403,669.14

324,341.21

24.46%

hypermarkets

9,221.44

6,484.24

42.21%

92,954.33

65,289.62

42.37%

magnit family

1,054.98

467.08

125.87%

9.037.65

2,366.57

281.89%

cosmetics stores

1,085.48

607.66

n/a

10,243.32

4,709.56

n/a

Net retail sales, million USD

1,537.74

1,241.56

23.86%

16,248.50

12,745.40

27.49%

convenience stores

1,189.71

1,000.88

18.87%

12,713.63

10,420.43

22.01%

hypermarkets

282.47

206.46

36.82%

2,927.61

2,097.62

39.57%

magnit family

32.32

14.87

117.29%

284.64

76.03

274.37%

cosmetics stores

33.25

19.35

n/a

322.62

151.31

n/a