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OJSC MAGNIT: 5th Coupon Yield Payment


Press-release

Krasnodar

March 11, 2013

OJSC "Magnit" Announces the 5thC oupon Yield Payment

Krasnodar, March 11, 2013: OJSC "Magnit" (the "Company"; MICEX and LSE: MGNT) announces the 5th coupon yield payment against bonds.

Please be informed that on March 11, 2013 OJSC "Magnit" fulfilled its obligation of the 5th coupon redemption against bonds of BO-01/BO-02/BO-03/ BO-04 series in the amount of 41,140,000 rubles / 41,140,000 rubles / 61,710,000 rubles / 82,280,000 rubles correspondingly.

Parameters of the bond issue:

Type of securities: Non-convertible interest-bearing certified e


                          xchange-traded bonds to the bearer of B0-01/BO-02/   
                          BO-03/BO-04 series with the obligatory centralized   
                          custody                                              

Identification code and № 4B02-01-60525-P / 4B02-02-60525-P / 4B02-03-60525-P date of its assignment to / 4B02-04-60525-P as of 02.02.2010 the issue:

Reporting (coupon) period 5thcoupon period (September 10, 2012- March 11, 2013) which the yield is paid for:

Total amount of the 41,140,000 rubles / 41,140,000 rubles / 61,710,000 interest subject to rubles / 82,280,000 rubles correspondinglyexcluding payment against bonds of tax and other deductions; each series:


                          41,139,701rubles / 41,139,904 rubles / 61,707,968    
                          rubles / 82,275,218rubles correspondinglyadjusted for
                          taxation                                             

The amount of the 41.14 rubles / 41.14 rubles / 41.14 rubles / 41.14 interest subject to rubles correspondingly 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 March 11, 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/11/2013 11:14 GMT

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