2nd Coupon Payment (Bonds of 01 series)

Press-release Krasnodar February 25, 2014 OJSC "Magnit" Announces the 2nd Coupon Yield Payment Krasnodar, February 25, 2014: OJSC "Magnit" (the "Company"; MICEX and LSE:MGNT) announces the 2nd coupon yield payment against bonds. Please be informed that today OJSC "Magnit" fulfilled its obligation of thesecond coupon redemption against bonds of the KO-01 series in the amount of211,900,000 rubles. Parameters of the bond issue: Type of securities: Non-convertible interest-bearing certified bonds to the bearer with the obligatory centralized custodyof the KO-01 series State registration number № 4-01-60525-P as of 27.12.2012of the issue ofsecurities and the dateof its stateregistration: Reporting (coupon) period second coupon period (27.08.2013 - 25.02.2014)which the yield is paid for: Total amount of the 211,900,000 rublesinterest to be paidagainst bonds: The amount of the 42.38 rublesinterest to be paidagainst one bond: Method of payment: Monetary funds in the currency of the Russian Federation by means of non-cash settlement Date of the obligation February 25, 2014fulfillment: For further information, please contact: Timothy Post Director, Investor Relations Email: [email protected] Office: +7-861-277-4554 x7600 Mobile: +7-961-511-7678 Direct Line: +7-861-277-4562 Dina Svishcheva Deputy Director, Investor Relations Email: [email protected] 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, the company isheadquartered in the southern Russian city of Krasnodar. As of December 31,2013, Magnit operated 22 distribution centers and over 8,000 stores (7,200convenience, 207 hypermarkets, and 686 cosmetics) in more than 1,868 cities andtowns throughout 7 federal regions of the Russian Federation. In accordance with the unaudited IFRS management accounts for 2013, Magnit hadrevenues of $18,202 million USD and an EBITDA of $2,032 million USD. Magnit'slocal shares are traded on the Moscow Stock Exchange (MICEX: MGNT) and its GDRson the London Stock Exchange (LSE: MGNT) and it has a credit rating fromStandard & Poor's of BB. Measured by market capitalization, Magnit is nowEurope's 2nd largest retailer.