6th Coupon Yield Payment and Bonds Issue Redemption

Press-release Krasnodar April 22, 2014 OJSC "Magnit" Announces the 6th Coupon Yield Payment and the Redemption of theNominal Value of Bonds Krasnodar, April 22, 2014: OJSC "Magnit", Russia's largest food 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-06 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 B0-06 series with the obligatory centralized custody Identification code and № 4B02-06-60525-P as of 16.02.2011date of its assignment tothe issue: Reporting (coupon) period 6th coupon period (October 10, 2013 - April 22, 2014)which the yield is paidfor: Total amount of the 193,200,000 rubles excluding tax and other deductions;interest subject topayment against bonds of 192,583,820 rubles adjusted for taxationeach series: The amount of the 38.64 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 04.02.2011 Date of the obligation April 22, 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 food retailer. Founded in 1994, the company isheadquartered in the southern Russian city of Krasnodar. As of March 31, 2014,Magnit operated 23 distribution centers and over 8,200 stores (7,341convenience, 215 hypermarkets, and 700 cosmetics) in more than 1,905 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.