OREANDA-NEWS. OJSC “Magnit”, Russia’s largest retailer (the “Company”; MICEX and LSE: MGNT), is pleased to announce the opening of a new hypermarket and “Magnit Family” stores.

Please be informed that the Company has opened its 156th hypermarket and 38th and 39th “Magnit Family” store.

The 156th hypermarket (medium format) is located at 1 Entuziastov prospect, Balashov, Saratov region, Volga federal district. Assortment of the hypermarket consists of more than 8,200 SKUs, out of which about 71% are food items. There are 19 cash desks installed in the sales area. The outlet is owned by the Company. The hypermarket is open 7 days a week from 9 am to 10 pm.

The 38th “Magnit Family” store is located at 15 Mira street (“Evropeyskiy” shopping center), Orsk, Orenburg region, Volga federal district. Assortment of the store consists of about 4,700 SKUs, out of which about 76% are food items. There are 12 cash desks installed in the sales area. The outlet is leased by the Company. The hypermarket is open 7 days a week from 9 am to 10 pm.

The 39th “Magnit Family” store is located at 66, 50 let VLKSM street, Kimry, Tver region, Central federal district. Assortment of the store consists of about 5,800 SKUs, out of which about 86% are food items. There are 15 cash desks installed in the sales area. The outlet is owned by the Company. The hypermarket is open 7 days a week from 9 am to 11 pm.