OREANDA-NEWS. November 2, 2012. OJSC “Magnit” (the “Company”; MICEX and LSE: MGNT) is pleased to announce the opening of the 108th hypermarket of a medium format.

We are glad to inform you that today the Company has opened its 108th hypermarket of a medium format located at 38 Eleny Kolesovoy street, Yaroslavl, Central federal district. Assortment of the hypermarket consists of about 15,300 SKUs, out of which about 64% are food items. There are 21 cash desks installed in the sales area. The hypermarket is open 7 days a week from 10 am to 10 pm.

Based in Krasnodar, in the Southern region of Russia, Open Joint Stock Company “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 one of the leading food retail networks in Russia. As of September 30, 2012 the chain consisted of 5,523 convenience stores, 105 hypermarkets, 11 “Magnit Family” stores and 480 cosmetics stores (drogerie) in 1,504 locations in the Russian Federation.

Approximately two-thirds of the Company’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 September 30, 2012 the Company operated an in-house logistics system consisting of 17 distribution centers, employing automated stock replenishment systems and a fleet of 4,082 vehicles.

In accordance with the reviewed IFRS consolidated financial statements for 1H 2012, the Company recorded consolidated revenue of approximately USD 6,776 million and consolidated EBITDA of around USD 671 million.