Sergey Galitskiy, Russia’s largest retailer CEO, named in ХIV “TOP-1000 Russian managers” list for 2013 by Russian managers association and Kommersant

Krasnodar, 30-9-2013 — /EuropaWire/ — Sergey Galitskiy, CEO of OJSC “Magnit”, Russia’s largest retailer (MICEX and LSE: MGNT), has been included in the list of business leaders of the rating by Russian managers association and Kommersant Magnit CEO Sergey Galitskiy has been included in the list of business leaders of ХIV “TOP-1000 Russian managers” rating for 2013 prepared by Russian managers association and Kommersant. The list of business leaders includes businessmen and leading top-managers.

Another three top-managers of OJSC “Magnit” are among top five in the industry: Khachatur Pombukhchan (CFO rating), Marina Ivanova (CCO rating) and Oleg Goncharov (GRO rating).

“TOP-1000 Russian managers” rating of Russian managers association is the non-biased instrument of professional reputation evaluation of the leading Russian top-managers. The rating summarizes the year-end results of work and reveals the most professional managers of Russia, leaders of industries and functional areas.

The rating methodology is based on “the best choose the best” principle: top-managers evaluate top-managers, functional managers evaluate functional managers.

Please follow the links below to view “TOP-1000 Russian managers” rating for 2013 in full:

Russian managers association:
http://www.amr.ru/index.php?option=com_k2&view=item&layout=item&id=39&Itemid=259
Kommersant: http://kommersant.ru/doc/2280742

For further information, please contact:

Timothy Post
Director, Investor Relations
Email: post@gw.tander.ru
Office: +7-861-277-4554 x7600
Mobile: +7-961-511-7678
Direct Line: +7-861-277-4562

Dina Svishcheva
Deputy Director, Investor Relations
Email: Chistyak@gw.tander.ru
Office: +7-861-277-45-54 x5101
Mobile: +7-961-511-0202
Direct Line: +7-861-277-4562

Company description:
Magnit is Russia’s largest retailer. Founded in 1994 by Sergey Galitskiy, the company is headquartered in the southern Russian city of Krasnodar. As of June 30, 2013, Magnit operates 18 distribution centers and over 7,000 stores (6,552 convenience, 164 hypermarkets, and 700 cosmetics) in more than 1,700 cities and towns throughout 7 federal regions of the Russian Federation.

In accordance with the reviewed IFRS consolidated financial statements for 1H 2013, Magnit had revenues of $8,796 million USD and an EBITDA of $890 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 now Europe’s 2nd largest retailer.

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Sergey Galitskiy