Accrued Yield against Exchange-Traded Bonds

OJSC MAGNIT - Accrued Yield against Exchange-Traded Bonds

PR Newswire

London, March 26

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These materials are not an offer for sale of securities in the United States.Securities may not be offered or sold in the United States absent registrationwith the United States Securities and Exchange Commission or an exemption fromregistration under the U.S. Securities Act of 1933, as amended. OJSC Magnit hasnot registered and does not intend to register any part of the offering in theUnited States or to conduct a public offering of any securities in the UnitedStates.

This document is only being distributed to and is only directed at (i) personswho are outside the United Kingdom or (ii) to investment professionals fallingwithin Article 19(5) of the Financial Services and Markets Act 2000 (FinancialPromotion) Order 2005 (the "Order") or (iii) high net worth companies, andother persons to whom it may lawfully be communicated, falling within Article49(2)(a) to (d) of the Order (all such persons in (i), (ii) and (iii) abovetogether being referred to as "relevant persons"). The securities are onlyavailable to, and any invitation, offer or agreement to subscribe, purchase orotherwise acquire such securities will be engaged in only with, relevantpersons. Any person who is not a relevant person should not act or rely on thisdocument or any of its contents.

In any EEA Member State that has implemented Directive 2003/71/EC (suchDirective, together with any applicable implementing measures in the relevanthome Member State under such Directive, the "Prospectus Directive") thiscommunication is only addressed to and is only directed at qualified investorsin that Member State within the meaning of the Prospectus Directive.

Securities of OJSC Magnit have not been and will not be registered under theapplicable securities laws of Australia, Canada or Japan and, subject tocertain exceptions, may not be offered or sold within Australia, Canada orJapan or to, or for the account or benefit of, citizens or residents ofAustralia, Canada or Japan except under circumstances which will result in thefull compliance with the applicable laws and regulations promulgated by therelevant regulatory authorities in effect at the relevant time.

OJSC "Magnit" Announces the Interest Rate of the Coupon Yield againstExchange-Traded Bonds

Krasnodar, March 26, 2013: OJSC "Magnit" (the "Company"; the "Issuer", MICEXand LSE: MGNT) announces the interest rate of the 1st, 2nd, 3rd, 4th, 5th and6th coupon yield against exchange-traded bonds.

By the decision of the sole executive body (Chief Executive Officer) (thedecision of the CEO of the Issuer w/n of 26.03.2013) the interest rate of the1st, 2nd, 3rd, 4th, 5th and 6th coupon yield against Exchange-traded bonds ofthe BO-08/BO-09 series was defined according to the Resolution authorizing theissue of Exchange-traded bonds of the BO-08/BO-09 series approved by thedecision of the BOD of the Issuer of July 14, 2011. Minutes w/n of July 14,2011).

Parameters of the bond issue:

Identification code and 4B02-08-60525-Р/4B02-09-60525-Рas of 10.08.2011date of its assignment to

Total amount of the 8.40(eight point fourzero percent)per annum or 209,4interest subject to 00,000rubles (two hundred and ninemillionfourhundredpayment against bonds of thousand rubles 00 kopecks) for each coupon periodeach series:

For further information, please contact:

Headquartered in the southern Russia city of Krasnodar, Magnit (LSE and MICEX:MGNT) is the holding company for a group of entities that operate in the retailtrade under the "Magnit" brand. The chain of "Magnit" stores is one of theleading food retail networks in Russia. As of December 31, 2012 the chainconsisted of 6,046 convenience stores, 126 hypermarkets, 20 "Magnit Family"stores and 692 cosmetics stores (drogerie) in 1,605 cities and towns throughoutthe Russian Federation.

Approximately two-thirds of the Magnit's stores are located in cities with apopulation of less than 500,000 inhabitants. Most of its stores are located inthe Southern, North-Caucasian, Central and Volga regions. The Company alsooperates stores in the North-Western, Urals and Siberian regions.

As of December 31, 2012 Magnit operated an in-house logistics system consistingof 18 distribution centers, employing automated stock replenishment systems anda fleet of 4,401 vehicles.

In accordance with the audited IFRS consolidated financial statements for 2012,Magnit recorded consolidated revenues of approximately $14,430 million USD anda consolidated EBITDA of $1,524 million USD.