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OJSC MAGNIT: Dividend Payment


Press-release

Krasnodar

August 22, 2013

OJSC "Magnit" Dividend Payment Update

Krasnodar, August 22, 2013: OJSC "Magnit", Russia's largest retailer (the "Company"; MICEX and LSE: MGNT), announces the payment of dividends.

Please be informed that the Company has made dividend payment on its shares following the results of 2012 financial year.

Type of securities: ordinary registered shares

State registration number of the issue: 1-01-60525-P as of

04.03.2004

Total amount of dividends accrued on shares 5,202, 765,752.10 rubles following the results of 2012 financial year:

Amount of dividend accrued on one share following 52.02 rubles the results of 2012 financial year:

Form of yield payment: monetary funds in the


                                                    currency of the Russian   
                                                    Federation, non-cash      
                                                    payment                   

Payment due date: July 23, 2013

The Company has effected payment of dividends in the amount of 5,202,758,929.62 rubles.

The outstanding dividend amount is 6,822.48 rubles which represents 0.000131% of the total amount of the announced dividends. Nonpayment is due to the shareholders failure to submit the information required for the payment.

For further information, please contact:

Timothy Post Director, Investor Relations


                                        Email: post@gw.tander.ru               
                                        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: +7-861-277-45-54 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/22/2013 06:41 GMT

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