OJSC MAGNIT: 4th Coupon Yield Payment

Press-release

Krasnodar

March 1, 2013

OJSC "Magnit" Announces the 4thC oupon Yield Payment

Krasnodar, March 1, 2013: OJSC "Magnit" (the "Company"; MICEX and LSE: MGNT) announces the 4th coupon yield payment against bonds.

Please be informed that on March 1, 2013 OJSC "Magnit" fulfilled its obligation of the 4th coupon redemption against bonds of BO-05 series in the amount of 199,450,000 rubles.

Parameters of the bond issue:

Type of securities: Non-convertible interest-bearing certified

                          exchange-traded bonds to the bearer of B0-05 series   
                            with the obligatory centralized custody              

Identification code and № 4B02-05-60525-Pas of 16.02.2011

date of its assignment to the issue:

Reporting (coupon) period 4thcoupon period (August31, 2012- March1, 2013) which the yield is paid for:

Total amount of interest 199,450,000 rubles excluding tax and other deductions; payable against bonds of each series: 199,423,225 rubles adjusted for taxation

The amount of the 39.89 rubles

interest subject to payment against one bond of each series:

Method of payment: Monetary funds in the currency of the Russian

Federation by means of non-cash settlement

Date of the obligation March1, 2013 fulfillment:

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.



END

-0- Mar/01/2013 10:50 GMT