OJSC MAGNIT: Execution of Related Party Transactions

Press-release 
Krasnodar 
April 3, 2013 
OJSC "Magnit" Announces the Execution of the Related Party Transactions 
Krasnodar, April 3, 2013: OJSC "Magnit" (the "Company"; the "Issuer"; MICEX and
LSE: MGNT) announces the execution of the related party transactions on April
3, 2013. 
Please be informed that on April 3, 2013 OJSC "Magnit" (the Lender) and JSC
"Tander" (the Borrower) executed the related party transactions, according to
which the Lender provides the loan of funds to the Borrower which is to be
repaid by the Borrower within the period determined by the contract. The
repayment of the loan and (or) the interest may be effected by the Borrower in
advance, without written notice to the Lender of the loan repayment, by means
of transfer of the loan to the bank details specified in the contract or
otherwise not contradictory to the Civil Code of the Russian Federation (offset
of mutual claims, assignment of a claim, etc.). 
The book value of the Issuer's assets as of the closing date of the reporting
period preceding the execution of transactions amounts to 68,422,621 thousand
rubles. 
The essentials of the transactions are as follows: 
№   Maturity   Amount of the t   Share of the book  Interest   Date of the 
BoD  


               ransaction, RUB  value of the Issuer rate per  approval (date of
                                     's assets        annum       minutes)     


                                                                           
1   02.04.2014 1,200,000,000.00        1.75%          8.80%      11.03.2013     
                                                                           
2   02.10.2014 1,000,000,000.00        1.46%          9.00%      11.03.2013     
                                                                           
3   02.04.2015   900,000,000.00        1.32%          9.20%      11.03.2013     
                                                                           
4   02.04.2016   900,000,000.00        1.32%          9.60%      11.03.2013     
                                                                           
5   02.04.2014 1,000,000,000.00        1.46%          8.80%      25.03.2013     
                                                                           
6   02.10.2014 1,000,000,000.00        1.46%          9.00%      25.03.2013     
                                                                           
7   31.12.2014 1,100,000,000.00        1.61%          9.10%      25.03.2013     
                                                                           
8   02.04.2015 1,200,000,000.00        1.75%          9.20%      25.03.2013     
                                                                           
9   02.10.2015 1,000,000,000.00        1.46%          9.40%      25.03.2013     
                                                                           
10  02.04.2016   700,000,000.00        1.02%          9.60%      25.03.2013     
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.
    END

-0- Apr/03/2013 12:29 GMT


 
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