OREANDA-NEWS. September 18, 2012. OJSC “Magnit” (the “Company”; MICEX and LSE: MGNT) updates guidance for 2012.

Based on the analysis of sales of July, August and first half of September this year the management of the Company updates guidance for 2012 and issues preliminary guidance for 2013 as follows:

2012

2013 (preliminary)

Sales growth in RUR:

30-32%

25-27%

EBITDA margin:

9.0-9.5%

Net debt/EBITDA:

1.4-1.5

1.4-1.6

CAPEX, USD bn

1.6-1.7

1.6-1.8

Number of store openings, net

- convenience stores

1,000

800-1,000

- hypermarkets and “Magnit Family”

50-55

55-60

- cosmetics stores

500

500

Guidance for 2013 is subject to change in the end of October - November 2012 after the publication of 9M 2012 financial results.