3rd Coupon Yield Payment

Press-release Krasnodar March 24, 2014 OJSC "Magnit" Announces the 3rd Coupon Yield Payment Krasnodar, March 24, 2014: OJSC "Magnit", Russia's largest 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 the 3rdcoupon redemption against bonds of BO-07 series in the amount of 221,900,000rubles. Parameters of the bond issue: Type of securities: Non-convertible interest-bearing certified exchange-traded bonds to the bearer of B0-07 series with the obligatory centralized custody Identification code and № 4B02-07-60525-P as of 10.08.2011date of its assignment tothe issue: Reporting (coupon) period 3rd coupon period (September 23, 2013 - March 24, 2014)which the yield is paidfor: Total amount of the 221,900,000 rubles excluding tax and otherinterest subject to deductions;payment against bonds ofeach series: 221,619,436 rubles adjusted for taxation The amount of the 44.38 rublesinterest subject topayment against one bondof each series: Method of payment: Monetary funds in the currency of the Russian Federation by means of non-cash settlement Date of the obligation March 24, 2014fulfillment: 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 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 audited IFRS consolidated financial statements for 2013,Magnit had revenues of $18,202 million USD and an EBITDA of $2,032 million USD.Magnit's local shares are traded on the Moscow Stock Exchange (MICEX: MGNT) andits GDRs on the London Stock Exchange (LSE: MGNT) and it has a credit ratingfrom Standard & Poor's of BB. Measured by market capitalization, Magnit is oneof the largest retailers in Europe.