OJSC MAGNIT: Commencing Date of Exchange-Traded Bonds Placement

Not for release, publication or distribution in Australia, Canada, Japan or the
United States. 
These materials are not an offer for sale of securities in the United States.
Securities may not be offered or sold in the United States absent registration
with the United States Securities and Exchange Commission or an exemption from
registration under the U.S. Securities Act of 1933, as amended. OJSC Magnit has
not registered and does not intend to register any part of the offering in the
United States or to conduct a public offering of any securities in the United
This document is only being distributed to and is only directed at (i) persons
who are outside the United Kingdom or (ii) to investment professionals falling
within Article 19(5) of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005 (the "Order") or (iii) high net worth companies, and
other persons to whom it may lawfully be communicated, falling within Article
49(2)(a) to (d) of the Order (all such persons in (i), (ii) and (iii) above
together being referred to as "relevant persons"). The securities are only
available to, and any invitation, offer or agreement to subscribe, purchase or
otherwise acquire such securities will be engaged in only with, relevant
persons. Any person who is not a relevant person should not act or rely on this
document or any of its contents. 
In any EEA Member State that has implemented Directive 2003/71/EC (such
Directive, together with any applicable implementing measures in the relevant
home Member State under such Directive, the "Prospectus Directive") this
communication is only addressed to and is only directed at qualified investors
in that Member State within the meaning of the Prospectus Directive. 
Securities of OJSC Magnit have not been and will not be registered under the
applicable securities laws of Australia, Canada or Japan and, subject to
certain exceptions, may not be offered or sold within Australia, Canada or
Japan or to, or for the account or benefit of, citizens or residents of
Australia, Canada or Japan except under circumstances which will result in the
full compliance with the applicable laws and regulations promulgated by the
relevant regulatory authorities in effect at the relevant time. 
March 27, 2013 
OJSC "Magnit" Announces the Commencing Date of Bonds Placement 
Krasnodar, March 27, 2013: OJSC «Magnit» (the "Company"; the "Issuer", MICEX
and LSE: MGNT) announces the commencing date of exchange-traded bonds
Parameters of bonds placement: 
Typeofsecurities:        Non-convertible interest-bearing certified e           

                         xchange-traded bonds to the bearer with the obligatory
                         centralized custody of BO-08/BO-09series              

Maturity date:           1092ndday from the date of initiation of placement of  
                     the exchange-traded bonds of BO-08/BO-09series         
State registration       4B02-08-60525-P/4B02-09-60525-Pas of 10.08.2011       
number of the issueand                                                         
date of registration:                                                           
Registration authority:  Securities market maker which admitted the e           

                         xchange-traded bonds to trading within the course of  
                         placement - Close joint-stock company "MICEX Stock    

Amount of securities to  5,000,000bonds/ 5,000,000bonds                        
be placed:                                                                      
Nominal value:           1,000rubles each/ 1,000 rubles each                    
Placement method:        Open subscription                                      
Placement price:         1,000 rublesfor each exchange-traded bond (100 percent 
                     of the nominal value)                                  
Pre-emptive right:       Not provided                                           
Placement                April2, 2013                                          
Placement completion     April 2, 2013                                         
Placement commencing date can be changed subject to the publication of the
relevant information in the newswire and on the Company's website http://
www.e-disclosure.ru/portal/company.aspx?id=7671; www.magnit-info.ru not later
than on April 1, 2013. 
Additionally, on March 27, 2013 sole executive body of the issuer (Chief
Executive Officer) has determined the impossibility of advanced redemption of
the non-convertible interest-bearing certified exchange-traded bonds to the
bearer with the obligatory centralized custody of BO-08/BO-09 series
(identification code 4B02-08-60525-P / 4B02-09-60525-P; admitted to trading on
the stock exchange in the course of placement as of August 10, 2011) at the
discretion of the Issuer according to paragraph 9.5.2. A). of the Resolution
authorizing securities issue. 
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 audited IFRS consolidated financial statements for 2012,
Magnit recorded consolidated revenues of approximately $14,430 million USD and
a consolidated EBITDA of $1,524 million USD.


-0- Mar/27/2013 09:37 GMT

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