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Magnit’s CEO Sergey Galitskiy named the CEO of the Year by The Moscow Times

Krasnodar, Russia, 2014-12-12 — /EPR Retail News/ — Sergey Galitskiy, CEO of “Magnit”, Russia’s largest retailer (the “Company”; MICEX and LSE: MGNT) has been named the CEO of the Year by The Moscow Times.

Magnit CEO Sergey Galitskiy became the winner in the CEO of the Year Large Company category by Moscow Times, for combined performance, and growth, investment and operating performance.

The Moscow Times newspaper, together with Brainforce, partner for management, conducted an independent analysis of the major Russian companies with a market capitalization of more than 3.5 billion rubles and sales of over 100 billion rubles. The ranking is based on the Swiss Obermatt Ranking Methodology and presented under the patronage of the Embassy of Switzerland. The results were used to make the first international ranking of Russian top managers: CEO of the Year – Russia – 2014.

The CEOs were ranked based on their company performance in the following categories:
•Operating Performance: Growth of indexed EBITDA (or EBIT, Operating Income)
•Investment Performance: Growth of indexed Total Shareholder Return (TSR)
•Growth Performance: Growth of indexed Sales (or Operating Revenue)
•Combined Performance: Average of indexed EBITDA, indexed TSR and indexed Sales
•Based on audited 2013 results

For further information, please contact:
Timothy Post Director, Investor Relations
Office: +7-861-277-4554 x 17600
Mobile: +7-961-511-7678
Direct Line: +7-861-277-4562

Dina Svishcheva Deputy Director, Investor Relations
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 September 30, 2014, Magnit operated 25 distribution centers and over 9,020 stores
(7,891 convenience, 243 hypermarkets, and 886 drogerie stores) in approximately 2,000 cities and towns throughout 7 federal regions of the Russian Federation.

In accordance with the reviewed IFRS consolidated financial statements for 1H 2014, Magnit had revenues of $9,979 million USD and an EBITDA of $1,045 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.

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