Magnit OAO : OJSC “Magnit” has published the list of affiliated persons as of 31.12.2011

Press-release Krasnodar January 10, 2012

OJSC "Magnit" has published the list of affiliated persons as of 31.12.2011

Krasnodar, January 10, 2012: OJSC "Magnit" (the "Company"; MICEX and LSE: MGNT) announces the publication of the list of affiliated persons as of 31.12.2011. Dear Ladies and Gentlemen!

We are pleased to inform you that today OJSC "Magnit" has published the list of affiliated persons as of 31.12.2011. The list can be found on the Company's website: www.magnit-info.ru.

For further information, please contact:

Oleg Goncharov Director, Investor Relations
e-mail: [e-mail]
Tel. in Krasnodar [phone], 210-98-10 ext. 5100
Mob.: [phone]
Direct line for investors only: [phone]
Dina Svishcheva Manager, Investor Relations
e-mail: [e-mail]
Tel. in Krasnodar [phone], 210-98-10 ext. 5101
Mob.: [phone]
Direct line for investors only: [phone]

Company description:

Based in Krasnodar, in the Southern region of Russia, Open Joint Stock Company "Magnit" is the holding company for a group of entities that operate in the retail trade under the "Magnit" brand. The chain of "Magnit" stores is one of the leading food retail networks in Russia. As of September 30, 2011 the chain consisted of 4,593 convenience stores, 76 hypermarkets and 98 cosmetics stores (drogerie) in 1,325 locations in the Russian Federation.
Approximately two-thirds of the Company's stores are located in cities with a population of less than 500,000 inhabitants. Most of its stores are located in the Southern, North-Caucasian, Central and Volga regions. The Company also operates stores in the North-Western, Urals and Siberian regions.
As of September 30, 2011 the Company operated an in-house logistics system consisting of 14 distribution centers, employing automated stock replenishment systems and a fleet of 3,705 vehicles.
In accordance with the unaudited IFRS consolidated financial statements for 1H 2011, the Company recorded consolidated revenue of approximately US$5,471 million and consolidated EBITDA of around US$359 million.