Press-release
Krasnodar
May 16, 2016
PJSC "Magnit" Announces the Opening of New "Magnit Family" Stores
Krasnodar, May 16, 2016: PJSC "Magnit", Russia's largest food retailer (the "Company"; MOEX and LSE: MGNT), is pleased to announce the opening of new "Magnit Family" stores.
Please be informed that on May 12, 2016 the Company has opened its 162nd "Magnit Family" store.
The 162nd "Magnit Family" store is located at 2 Oktyabrskiy prospekt ("Almaz" shopping center), Velikie Luki, Pskov oblast, North-Western federal region. Assortment of the store consists of about 9,700 SKUs, out of which about 87% are food items. There are 17 cash desks installed in the sales area. The outlet is leased by the Company. The store is open 7 days a week from 8 am to 11 pm.
On May 13, 2016 the Company has opened its 163rd "Magnit Family" store.
The 163rd "Magnit Family" store is located at 142 Moskovskaya street, Krasnodar, South federal region. Assortment of the store consists of more than 10,200 SKUs, out of which about 84% are food items. There are 12 cash desks installed in the sales area. The outlet is leased by the Company. The outlet is open 7 days a week from 9 am to 11 pm.
For further information, please contact:
| Timothy Post | Head of Investor Relations Email: post@magnit.ru Office: +7-861-277-4554 x 17600 Mobile: +7-961-511-7678 Direct Line: +7-861-277-4562 |
| Investor Relations Office | MagnitIR@magnit.ru Direct Line: +7-861-277-4562 Website: ir.magnit.com/ |
| Media Inquiries | Media Relations Department press@magnit.ru |
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 March 31, 2016, Magnit operated 34 distribution centers and about 12,434 stores (9,715 convenience, 382 hypermarkets, and 2,337 drogerie stores) in 2,385 cities and towns throughout 7 federal regions of the Russian Federation.
In accordance with the audited IFRS results for 2015, Magnit had revenues of RUB 951 billion and an EBITDA of RUB 104 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.
