Press-release
Krasnodar
December 17, 2014
PJSC "Magnit" Announces the Opening ofthe 184th Hypermarket
Krasnodar, December 17, 2014: PJSC "Magnit", Russia's largest food retailer
(the "Company"; MICEX and LSE: MGNT), is pleased to announce the opening of the
184th hypermarket of a small format.
Please be informed that today the Company opened its 184th hypermarket of a
small format located at 156, 30 let Pobedy street ("Iceberg" shopping center),
Balashov, Saratov oblast, Volga federal region. Assortment of the hypermarket
consists of more than 10,600 SKUs, out of which about 82% are food items. There
are 19 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.
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: +7-861-277-45-54 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 September 30,
2014, Magnit operated 25 distribution centers and over 9,020 stores (7,891
convenience, 243 hypermarkets, and 886 drogerie stores) 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.