OJSC MAGNIT - Magnit Tops BCG's 2014 Value Creators Ranking

Press-release

Krasnodar

July 17, 2014

Magnit Tops BCG's 2014 Value Creators Ranking of "The Retail Top Ten"

Krasnodar, July 17, 2014: OJSC "Magnit", Russia's largest food retailer (MICEX
and LSE ticker: MGNT) tops the Boston Consulting Group's (BCG) 2014 List of
Value Creators ranking of "The Retail Top Ten" (see chart below). Magnit ranked
#1 on list "The Retail Top Ten", with an average annual TSR of 72.2% ahead of
such global retailers as Whole Foods (#2), Starbucks (#6) and Amazon (#9).

The BCG Value Creators rankings are based on Total Shareholder Return (TSR) at
1,620 global companies from 2009 through 2013. To arrive at this sample, BCG
began with TSR data for nearly 10,000 companies provided by Thomson Reuters. It
eliminated all companies that were not listed on a world stock exchange for the
full five years of BCG's study or did not have at least 25 percent of their
shares available on public capital markets. BCG further refined the sample by
organizing the remaining companies into 26 industry groups and establishing an
appropriate market-valuation hurdle to eliminate the smallest companies in each
industry.

For further information, please see:

https://www.bcgperspectives.com/content/articles/value_creation_strategy_2014_value_creators_rankings/


Source: Boston Consulting Group

For further information, please contact:

Timothy Post                            Director, Investor Relations
                                        Email: [e-mail]
                                        Office: [phone] x 17600
                                        Mobile: [phone]
                                        Direct Line: [phone]

Dina Svishcheva                         Deputy Director, Investor Relations
                                        Email: [e-mail]
                                        Office: [phone] x 15101
                                        Mobile: [phone]
                                        Direct Line: [phone]

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 cosmetics) in approximately 2,000 cities
and towns throughout 7 federal regions of the Russian Federation.

In accordance with the audited IFRS consolidated financial statements for 2013,
Magnit had revenues of $18,202 million USD and an EBITDA of $2,032 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.