4th Coupon Yield Payment

Press-release Krasnodar September 22, 2014 OJSC "Magnit" Announces the 4th Coupon Yield Payment Krasnodar, September 22, 2014: OJSC "Magnit", Russia's largest food retailer(the "Company"; MICEX and LSE: MGNT), announces the 4 th coupon yield paymentagainst bonds of BO-07 series. Please be informed that today OJSC "Magnit" fulfilled its obligation of thefourth coupon redemption against bonds of BO-07 series in the amount of221,900,000 rubles. 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 State registration № 4В02-07-60525-Р as of 10.08.2011number of the issue ofsecurities and thedate of its stateregistration: Reporting (coupon) Fourth coupon period (24.03.2014 - 22.09.2014)period which the yieldis paid for: Total amount of the 221,900,000 rubles excluding tax and other deductionsinterest to be paidagainst bonds: The amount of the 44.38 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 September22, 2014fulfillment: Total amount of the Following the 1st coupon period the amount of 221,900,000interest paid against rubles was paid. Obligation has beenfulfilled.bonds following eachreporting (coupon) Following the 2nd coupon period the amount of 221,900,000period: rubles was paid. Obligation has beenfulfilled. Following the 3rd coupon period the amount of 221,900,000 rubles was paid. Obligation has beenfulfilled. Following the 4th coupon period the amount of 221,900,000 rubles was paid. Obligation has beenfulfilled. 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.