Press-release Krasnodar January 29, 2013 OJSC "Magnit" Announces the Holding of the BOD Krasnodar, January 29, 2013: OJSC «Magnit» (the "Company"; MICEX and LSE: MGNT) is pleased to announce the holding of the board of directors meeting. On January 29, 2013 the Chairman of the board of directors made the decision to hold the BOD meeting on February 4, 2013 with the following agenda: 1. Consideration of proposals for inclusion as items on the agenda of the annual general shareholders' meeting of OJSC "Magnit". 2. Consideration of proposals for the nomination of candidates to stand for election to the board of directors, the revision commission and the counting commission of OJSC "Magnit" at the annual general shareholders' meeting of OJSC "Magnit". 3. Consideration of proposals for the nomination of candidates to stand for election as the auditor of OJSC "Magnit" at the annual general shareholders' meeting of OJSC "Magnit". For further information, please contact: Timothy Post Director, Investor Relations e-mail: Post@gw.tander.ru Tel. in Krasnodar +7 (861) 277-45-54, 210-98-10 ext. 7600 Mob.: +7 (961) 511-76-78 Direct line for investors only: +7 (861) 277-45-62 Dina Svishcheva Deputy Director, 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 December 31, 2012 the chain consisted of 6,046 convenience stores, 126 hypermarkets, 20 "Magnit Family" stores and 692 cosmetics stores (drogerie) in 1,605 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 December 31, 2012 Magnit operated an in-house logistics system consisting of 18 distribution centers, employing automated stock replenishment systems and a fleet of 4,401 vehicles. In accordance with the unaudited IFRS management accounts for 2012, Magnit recorded consolidated revenues of approximately $14,430 billion USD and a consolidated EBITDA of $1,524 million USD. END -0- Jan/29/2013 13:29 GMT
OJSC MAGNIT: Holding of BOD Meeting
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