Press-Release-120MF-Stary Oskol-Aug20-Eng

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Press-Release-120MF-Stary Oskol-Aug20-Eng

Press-release Krasnodar August 20, 2015 PJSC “Magnit” Announces the Opening of the 120 th “Magnit Family” Store Krasnodar, August 20, 2015: PJSC “Magnit”, Russia’s largest food retailer (the “Company”; MOEX and LSE: MGNT), is pleased to announce the opening of the 120 th “Magnit Family” store. Please be informed that today the Company opened its 120 th “Magnit Family” store located at 63 Olimpiyskiy district (“Stary Oskol” shopping center), Stary Oskol, Belgorod oblast, Central federal region. Assortment of the store consists of about 8,700 SKUs, out of which about 86% are food items. There are 13 cash desks installed in the sales area. The outlet is leased by the Company. The store is open 7 days a week from 9 am to 10 pm. For further information, please contact: Timothy Post Director, Investor Relations Email: [email protected] 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: [email protected] Office: +7-861-277-4554 x 15101 Mobile: +7-961-511-0202 Direct Line: +7-861-277-4562 Media Inquiries Media Relations Department [email protected] 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, 2015, Magnit operated 29 distribution centers and over 10,700 stores (8,890 convenience, 311 hypermarkets, and 1,527 drogerie stores) in approximately 2,233 cities and towns throughout 7 federal regions of the Russian Federation. In accordance with the unaudited IFRS management accounts for 1H 2015, Magnit had revenues of RUB 455 billion and an EBITDA of RUB 49 billion. Magnit's local shares are traded on the Moscow Stock Exchange (MOEX: 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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Advances in Economics, Business and Management Research, volume 181 Proceedings of the 3rd International Conference Spatial Development of Territories (SDT 2020) The Role of Citi-forming Industrial Enterprises in the Development of Innovative and Investment Attractiveness of Russian Regions (on the Example of Stary Oskol, Belgorod Region and the «OEMKINVEST ltd») Elena Chizhova Irina Rozdolskaya Department of the Theory and Science Methodology, Economics Department of Marketing and Management and Management Institute Belgorod University of Cooperation, Belgorod State Technological University Economics & Law named after V.G. Shukhov Belgorod, Russia Belgorod, Russia [email protected] [email protected] Sergey Chizhov VeraTuaeva Department of Economics and Production Organization, Department of Construction Management and Real Estate, Economics and Management Institute Belgorod State Construction Engineering Institute Technological University Belgorod State Technological University named after V.G. Shukhov named after V.G. Shukhov Belgorod, Russia Belgorod, Russia [email protected] [email protected] Abstract—The article considers the role of single-industry towns and city-forming enterprises in the formation of the I. INTRODUCTION investment attractiveness of the region. It is shown that from an In Russia, as in other countries of the world, there is a epoch of industrialisation we’ve got a problem of settlements of problem of single-industry town (monotown). Single- the various size having monoindustrial structure. But monocities of the Belgorod region which basic manufacture is industry town is characterized by the systemic unity of its the extraction of iron ore, have kept the specialisation and socio-economic organization and the functioning of the city- investment appeal. The city of Stary Oskol having single- forming enterprise [1].
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