Press-release
Krasnodar
February 24, 2015
PJSC "Magnit" Announces the Opening of the 192nd Hypermarket
Krasnodar, February 24, 2015: PJSC "Magnit", Russia's largest food retailer
(the "Company"; MOEX and LSE: MGNT), is pleased to announce the opening of the
192nd hypermarket of a medium format.
Please be informed that on February 21, 2015 the Company opened its 192nd
hypermarket of a medium format located at 40 let Pobedy street ("Italmas"
shopping center), Izhevsk, Udmurt Republic, Volga federal region. Assortment of
the hypermarket consists of more than 15,400 SKUs, out of which about 66% are
food items. There are 21 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 10pm.
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 December 31,
2014, Magnit operated 27 distribution centers and over 9,700 stores (8,344
convenience, 287 hypermarkets, and 1,080 drogerie stores) in approximately
2,100 cities and towns throughout 7 federal regions of the Russian Federation.
In accordance with the unaudited IFRS management accounts for 2014, Magnit had
revenues of RUB 764 billion and an EBITDA of RUB 86 billion. Magnit's local
shares are traded on the Moscow Stock Exchange (MOEX: 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.