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OJSC MAGNIT: Execution of Related Party Transaction

Press-release 
Krasnodar 
February 27, 2013 
OJSC "Magnit" Announces the Execution of the Related Party Transaction 
Krasnodar, February 27, 2013: OJSC "Magnit" (the "Company"; MICEX and LSE:
MGNT) announces the execution of the transaction on February 27, 2013. 
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 -26.02.2016                  
                                                                           
Transaction amount:            5,000,000,000.00 rubles, which amounts to 7.65% 


                               of the balance sheet value of assets of the     
                               issuer                                          


                                                                           
Interest rate                  9.6% 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: 
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 million USD and a
consolidated EBITDA of $1,524 million USD. 
2 
END 
-0- Feb/27/2013 13:18 GMT