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OJSC MAGNIT: Conclusion of Agreement on Provision of Services


Press-release

Krasnodar

September 20, 2013

OJSC "Magnit" Announces the Conclusion of Agreement on the Provision of Services

Krasnodar, September 20, 2013: OJSC "Magnit" (the "Company"; MICEX and LSE: MGNT) is pleased to announce the conclusion of agreement on the provision of services with JSC "National Settlement Depositary".

Please be informed that on September 20, 2013 the Company has concluded the agreement under which Non-bank credit institution joint-stock company "National Settlement Depositary" shall provide agent services on the payment of the nominal value of bonds at their redemption and on the coupon yield payment against non-convertible interest-bearing certified exchange-traded bonds to the bearer of BO-07 series with the obligatory centralized custody.

Parameters of the bond issue:

Type of securities: Non-convertible interest-bearing certified


                          exchange-traded bonds to the bearer of BO-07series   
                          with the obligatory centralized custody              

Identification code and 4B02-07-60525-P as of 10.08.2011

date of its assignment to the issue:

Full name of the company Non-bank credit institution joint-stock company involved by the issuer "National Settlement Depositary" for agent services upon the issuer's obligations Taxpayer Identification Number: 7702165310

against bonds Principal State Registration Number of the issuer:

1027739132563

Short description of Provision of services on the payment of the nominal services provided by the value of bonds at the ir redemption and on the coupon

company yield payment against non-convertible interest-bearing


                          certified exchange-traded bonds to the bearer of BO- 
                          07 series with the obligatory centralized custody     

Amount of service cost The cost of services of the paying agent for the


                          execution of each instruction to make the payment    
                          against bonds is determined in accordance with the   
                          schedule of fees for services of Non-bank credit      
                            institution joint-stock company "National Settlement 
                          Depositary" as of the date of the service provision. 
                          The remuneration (R) of Non-bank credit institution  
                          joint-stock company "National Settlement Depositary" 

excluding VAT is determined bythe following formula:R=


                          r*D, where r - the rate of remuneration of Non-bank  
                          credit institution joint-stock company "National     
                          Settlement Depository" in per cent per each payment   
                            effected by Non-bankcredit institution joint-stock   
                          company "National Settlement Depository" under the   
                          issuer's instruction againstbondissue under the      
                          contract of the paying agent; D -the amount subject   
                          for distribution in rubles.                          

Date of agreement September 20, 2013(Additional agreement №4 of September

20, 2013 to the agreement on the provision of services


                          on the payment of thenominal value of bonds at their 
                          redemption and on the coupon yield payment(the       
                          contract of the paying agent)№ D-11-22-167 as of    
                              04.03.11                                             

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 reviewed IFRS consolidated financial statements for 1H
2013, Magnit had revenues of $8,796 million USD and an EBITDA of $890 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- Sep/20/2013 13:03 GMT

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