6th Coupon Yield Payment and Bonds Issue Redemption

Press-release Krasnodar February 28, 2014 OJSC "Magnit" Announces the 6th Coupon Yield Payment and the Redemption of theNominal Value of Bonds Krasnodar, February 28, 2014: OJSC "Magnit", Russia's largest retailer (the"Company"; MICEX and LSE: MGNT), announces the 6th coupon yield payment againstbonds and the redemption of the nominal value of bonds. Please be informed that today OJSC "Magnit" fulfilled its obligation of the 6thcoupon payment against bonds of BO-05 series and the redemption of the nominalvalue of bonds. Parameters of the bond issues: Type of securities: Non-convertible interest-bearing certified e xchange-traded bonds to the bearer of B0-05 series with the obligatory centralized custody Identification code and № 4B02-05-60525-Pas of 16.02.2011date of its assignment tothe issue: Reporting (coupon) period 6thcoupon period (August30, 2013- February28,2014)which the yield is paidfor: Total amount of the 199,450,000 rubles excluding tax and otherinterest subject to deductions;payment against bonds ofeach series: 199,376,559 rubles adjusted for taxation The amount of the 39.89 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 Number of redeemed bonds: 5,000,000 Basis for bonds redemption of the nominal value of bonds according toredemption: the decision on the issue of OJSC "Magnit" securities ratified by the Board of directors on 28.02.2011 Date of the obligation February 28, 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.