OREANDA-NEWS. OJSC “Magnit” (the “Company”; MICEX and LSE: MGNT) is pleased to announce the opening of the 131st hypermarket of a small format.

Please be informed that today the Company has opened its 131st hypermarket of a small format located at Vostochno-Vyborgskoe shosse / D.Kozhemyakina street, Sertolovo, Leningrad region, North West federal district. Assortment of the hypermarket consists of more than 10,900 SKUs, out of which about 82% are food items. There are 19 cash desks installed in the sales area. The hypermarket is open 7 days a week from 9 am to 11 pm.

Headquartered in the southern Russia city of Krasnodar, Magnit (LSE and MICEX: MGNT) 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 December 31, 2012 the chain consisted of 6,046 convenience stores, 126 hypermarkets, 20 “Magnit Family” stores and 692 cosmetics stores (drogerie) in 1,605 cities and towns throughout the Russian Federation.

Approximately two-thirds of the Magnit’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 December 31, 2012 Magnit operated an in-house logistics system consisting of 18 distribution centers, employing automated stock replenishment systems and a fleet of 4,401 vehicles.

In accordance with the unaudited IFRS management accounts for 2012, Magnit recorded consolidated revenues of approximately USD 14,430 million USD and a consolidated EBITDA of USD 1,524 million USD.