Russia’s largest food retailer Magnit ranked #1 on Boston Consulting Group’s “The Retail Top Ten” list

Krasnodar, 2014-7-17 — /EPR Retail News/ — 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/

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 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.

MAGNIT