Press-release
Krasnodar
September 16, 2014
OJSC "Magnit" Announcesthe Opening of the 65th "Magnit Family" Store
Krasnodar, September 16, 2014: OJSC "Magnit", Russia's largest food retailer
(the "Company"; MICEX and LSE: MGNT), is pleased to announce the opening of the
65th "Magnit Family" store.
Please be informed that today the Company has opened its 65th "Magnit Family"
store located at 3G Prishvina street ("Izumrud" shopping center), Moscow,
Central federal district. Assortment of the store consists of about 6,800 SKUs,
out of which about 81% are food items. There are 12 cash desks installed in the
sales area. The outlet is leased by the Company. The store is open 7 days a
week from 9 am to 11 pm.
For further information, please contact:
Timothy Post Director, Investor Relations
Email: post@magnit.ru
Office: +7-861-277-4554 x 17600
Mobile: +7-961-511-7678
Direct Line: +7-861-277-4562
Dina Svishcheva Deputy Director, Investor Relations
Email: Chistyak@magnit.ru
Office: +7-861-277-4554 x 15101
Mobile: +7-961-511-0202
Direct Line: +7-861-277-4562
Company description:
Magnit is Russia's largest food retailer. Founded in 1994, the company is
headquartered in the southern Russian city of Krasnodar. As of June 30, 2014,
Magnit operated 24 distribution centers and over 8,600 stores (7,614
convenience, 226 hypermarkets, and 778 drogeries) in approximately 2,000 cities
and towns throughout 7 federal regions of the Russian Federation.
In accordance with the reviewed IFRS consolidated financial statements for 1H
2014, Magnit had revenues of $9,979 million USD and an EBITDA of $1,045 million
USD. Magnit's local shares are traded on the Moscow Stock Exchange (MICEX:
MGNT) and its GDRs on the London Stock Exchange (LSE: MGNT) and it has a credit
rating from Standard & Poor's of BB. Measured by market capitalization, Magnit
is one of the largest retailers in Europe.