3rd Coupon Yield Payment (Bonds of 01 series)

Press-release Krasnodar August 26, 2014 OJSC "Magnit" Announces the 3rd Coupon Yield Payment Krasnodar, August 26, 2014: OJSC "Magnit", Russia's largest food retailer (the"Company"; MICEX and LSE: MGNT), announces the 3rd coupon yield payment againstbonds. Please be informed that today OJSC "Magnit" fulfilled its obligation of thethird coupon redemption against bonds of the 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 custody of the 01 series State registration № 4-01-60525-P as of 27.12.2012number of the issue ofsecurities and thedate of its stateregistration: Reporting (coupon) Third coupon period (25.02.2014- 26.08.2014)period which the yieldis 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 August26, 2014fulfillment: Total amount of the Following the 1st coupon period the amount of 211,900,000interest paid against rubles was paid. Obligation has been fulfilled.bonds following eachreporting (coupon) Following the 2nd coupon period the amount of 211,900,000period: rubles was paid. Obligation has been fulfilled. Following the 3rd coupon period the amount of 211,900,000 rubles was paid. Obligation has been fulfilled. For further information, please contact: Timothy Post Director, Investor Relations Email: [email protected] Office: +7-861-277-4554 x 17600 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 x 15101 Mobile: +7-961-511-0202 Direct Line: +7-861-277-4562 Company description: Magnit is Russia's largest food retailer. Founded in 1994, the company isheadquartered in the southern Russian city of Krasnodar. As of June 30, 2014,Magnit operated 24 distribution centers and over 8,600 stores (7,614convenience, 226 hypermarkets, and 778 drogeries) in approximately 2,000 citiesand towns throughout 7 federal regions of the Russian Federation. In accordance with the reviewed IFRS consolidated financial statements for 1H2014, Magnit had revenues of $9,979 million USD and an EBITDA of $1,045 millionUSD. 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 creditrating from Standard & Poor's of BB. Measured by market capitalization, Magnitis one of the largest retailers in Europe.