OJSC MAGNIT: Execution of the Related-Party Transaction

Press-release 
Krasnodar 
December 27, 2012 
OJSC "Magnit" announces the execution of the related-party transaction 
Krasnodar, December 27, 2012: OJSC "Magnit" (the "Company"; MICEX and LSE:
MGNT) announces the execution of the transaction on December 27, 2012. 
The essentials of the transaction are as follows: 
Type of transaction:            related-party transaction                        
                                                                           
Subject of transaction:         loan of funds                                    
                                                                           
Parties and beneficiaries       the Lender - open joint-stock company "Magnit"   
under transaction:                                                              
                            the Borrower - joint-stock company "Tander"      
                                                                             
Maturity:                       loan maturity date -27.0 7.2013                  
                                                                           
Transaction amount:             4,610,000,000.00 rubles, which amounts to 7.05% 


                                of the balance sheet value of assets of the     
                                issuer                                          


                                                                           
Interest rate                   9.46% per annum                                  
                                                                           
The assets value of the issuer  65,342,418 thousand rubles                       
as of the closing date of the                                                  
reporting period preceding the                                                 
transaction execution:                                                          
The transaction was approved by the general shareholders' meeting (minutes of
the annual general shareholders' meeting of OJSC "Magnit" № w/№ of May 28,
2012). 
For further information, please contact: 
Oleg Goncharov                          Director, Investor Relations            


                                                                               
                                        e-mail: Goncharov@gw.tander.ru         
                                                                               
                                        Tel. in Krasnodar +7 (861) 277-45-54,  
                                        210-98-10 ext. 5100                    
                                                                               
                                        Mob.: +7 (903) 411-40-35               
                                                                               
                                        Direct line for investors only: +7     
                                        (861) 277-45-62                        


                                                                           
Dina Svishcheva                         Manager, Investor Relations             


                                                                               
                                        e-mail: Chistyak@gw.tander.ru          
                                                                               
                                        Tel. in Krasnodar +7 (861) 277-45-54,  
                                        210-98-10 ext. 5101                    
                                                                               
                                        Mob.: +7-961-511-02-02                 
                                                                               
                                        Direct line for investors only: +7     
                                        (861) 277-45-62                        

Company description:

Headquartered in the southern Russia city of Krasnodar, Magnit (LSE and MICEX:
MGNT) is the holding company for a group of entities that operate in the retail
trade under the "Magnit" brand. The chain of "Magnit" stores is one of the
leading food retail networks in Russia. As of September 30, 2012 the chain
consisted of 5,523 convenience stores, 105 hypermarkets, 11 "Magnit Family"
stores and 480 cosmetics stores (drogerie) in 1,504 cities and towns throughout
the Russian Federation.

Approximately two-thirds of the Magnit's stores are located in cities with a
population of less than 500,000 inhabitants. Most of its stores are located in
the Southern, North-Caucasian, Central and Volga regions. The Company also
operates stores in the North-Western, Urals and Siberian regions.

As of September 30, 2012 Magnit operated an in-house logistics system
consisting of 17 distribution centers, employing automated stock replenishment
systems and a fleet of 4,082 vehicles.

In accordance with the reviewed IFRS consolidated financial statements for 1H
2012, the Magnit recorded consolidated revenues of approximately $6.7 billion
USD and a consolidated EBITDA of $671 million USD.



END

-0- Dec/27/2012 13:48 GMT


 
Press spacebar to pause and continue. Press esc to stop.