Press-release Krasnodar August 8, 2013 OJSC "Magnit" Announces the Execution of the Related Party Transaction Krasnodar, August 8, 2013: OJSC "Magnit", Russia's largest retailer (the "Company"; MICEX and LSE: MGNT), announces the execution of the related party transaction by the Company on August 7, 2013. The essentials of the transaction are as follows: Type of transaction: Related party transaction Subject of provision of the suretyship under the Revolving Credit transaction: Line Agreement № 130628/0249018dated June 28, 2013 executed between JSC "Tander" and "ROSBANK" (OJSC JSCB) Content of the Under the Suretyship Agreement No.130807/0248980/S dated transaction: August7 , 2013the Surety shall undertake to be gratuit ously liable to the Creditor to the extent provided by this Agreement for the performance of obligations thereof by the Borrowerunder the Revolving Credit Line Agreement № 130628/0249018 dated June 28, 2013executed between the Borrower and the Creditor in Krasnodar with the following essentials: * Loan Amount: 2,000,000,000 (twobillion) rubles; * Loan is provided for the period till 26.06 .2015 inclusively; * The Borrower shall pay the Creditor the interest for the loan use at the rate determined by the Revolving Credit Line Agreement but not exceeding 12% per annum; * The liability of the Surety for the performance of all obligations under the Credit Agreement shall be limited to the amount of 2,480,000,000 .00(two billion fourhundred and eightymillion) Russian Rubles, * Suretyship terminates upontheproper performance of obligations by the Borrower under the Credit Agreementor the unilateral change of the Credit Agreement essentials increasing the liability of the Surety. Deadline to fulfill June26, 2015(term of repayment of principal loan and obligations under the interests) transaction: Parties and the Surety - open joint-stock company «Magnit»; the beneficiaries of the Creditor - "ROSBANK" (OJSC JSCB), the Borrower (the transaction: beneficiary) - joint-stock company «Tander» Amount of the 2,480,000,000 .00rubles that amounts to 3.62% from the transaction: issuer's balance sheet assetsas of 31.12.2012 The value of the 68,422 ,621thousand rubles(as of 31.12.2012) issuer's assets as of the last date of the accounting period (quarter, year) preceding the transaction (date of the contract) and in respect of which the term for submission of the accounting (financial) report expired: Date of transaction August7, 2013 (date of the contract): Approval of the the transaction was approved by the General shareholders transaction: meeting of May 24, 2013(minutes of the annual general shareholders meeting of OJSC "Magnit" № w/№ of May24, 2013) For further information, please contact: Timothy Post Director, Investor Relations Email: email@example.com Office: +7-861-277-4554 x7600 Mobile: +7-961-511-7678 Direct Line: +7-861-277-4562 Dina Svishcheva Deputy Director, Investor Relations Email: Chistyak@gw.tander.ru Office: +7-861-277-4554 x5101 Mobile: +7-961-511-0202 Direct Line: +7-861-277-4562 Company description: Magnit is Russia's largest retailer. Founded in 1994 by Sergey Galitskiy, the company is headquartered in the southern Russian city of Krasnodar. As of June 30, 2013, Magnit operates 18 distribution centers and over 7,000 stores (6,552 convenience, 164 hypermarkets, and 700 cosmetics) in more than 1,700 cities and towns throughout 7 federal regions of the Russian Federation. In accordance with the unaudited IFRS management accounts for 1H 2013, Magnit had revenues of $8,796 million USD and an EBITDA of $889 million USD. Magnit's local shares are traded on the Moscow Stock Exchange (MICEX: MGNT) and its GDRs on the London Stock Exchange (LSE: MGNT) and it has a credit rating from Standard & Poor's of BB. Measured by market capitalization, Magnit is now Europe's 2nd largest retailer. END -0- Aug/08/2013 07:12 GMT
OJSC MAGNIT: Execution ot the Related Party Transaction
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