OREANDA-NEWS. OJSC “Magnit”, Russia's largest retailer (the “Company”; MICEX and LSE: MGNT) announces that its subsidiary JSC “Tander” has acquired “TD-Holding” and “MagnitEnergo”.

Please be informed that JSC “Tander”, the operating company of “Magnit” Group, has bought LLC “TD- Holding” and LLC “MagnitEnergo”.

“TD-Holding” is a producer and a supplier of products to “Magnit” stores.

“MagnitEnergo” purchases electric energy on the wholesale market for the Company's facilities.

The transactions are not material and were executed for the purpose of improving operating and financial efficiency.

Magnit is Russia's largest retailer. Founded in 1994, the company is headquartered in the southern Russian city of Krasnodar. As of September 30, 2013, Magnit operated 19 distribution centers and over 7,600 stores (6,783 convenience, 178 hypermarkets, and 685 cosmetics) in more than 1,760 cities and towns throughout 7 federal regions of the Russian Federation.

In accordance with its reviewed IFRS consolidated financial statements, Magnit had 1H 2013 revenues of USD 8.7 billion USD and an EBITDA of USD 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 food retailer.