OREANDA-NEWS. May 30, 2012. "Magnit" (the "Company"; MICEX and LSE: MGNT) is pleased to announce the opening of a new distribution center in Sterlitamak.

Dear Ladies and Gentlemen!

We are glad to inform you that the Company opened a new distribution center in Sterlitamak, the Republic of Bashkortostan. Total space of the warehouse (first stage) is about 16,000 sq. m. Launch of the new distribution center will improve the quality of service in the Volga region.

"Magnit" retail chain operates 16 distribution centers with their total capacity of about 396,300 sq. m.