Admission to Trading

Not for release, publication or distribution in Australia, Canada, Japan or theUnited States. 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. Press-release Krasnodar July 31, 2013 OJSC "Magnit" Announces the Admission of the Exchange-Traded Bonds to tradingon MICEX Stock Exchangeand the Assignment of the Identification Number to theIssue Krasnodar, July 31, 2013: OJSC "Magnit", Russia's largest retailer (the"Company", the "Issuer"; MICEX and LSE: MGNT), announces the admission of theExchange-traded bonds to trading on MICEX Stock Exchange and the assignment ofthe identification number to the Issue. Please be informed that in accordance with the Listing rules of CJSC "MICEXStock Exchange", the following decision has been made by the Regulation № 989-rof 30.07.2013: On the inclusion of the Exchange-traded bonds of CJSC "Magnit"into the List of securities admitted to trading at CJSC "MICEX Stock Exchange".The identification numbers 4B02-10-60525-P / 4B02-11-60525-P of 30.07.2013 hasbeen assigned to the issue of the Exchange-traded bonds of the BO-10/BO-11series. Securities market maker: Close joint-stock company "MICEX Stock Exchange" Type of securities: Non-convertible interest-bearing certified e xchange-traded bonds oftheBO-10 /BO-11series to the bearer with the obligatory centralized custodyeligible for anticipated repaymentat the request of their holders andat the discretion of the Issuer Maturity date: On the 1820thday from the commencement date of the placement of the exchange-traded bonds Amount of securities to be 10,000,000 bonds / 10,000,000 bondsplaced: Nominal value: 1,000 rubles each Total nominal value: 10,000,000,000 rubles / 10,000,000,000 rubles Placement method: Open subscription Pre-emptive right: Not provided The price of the placement of the Exchange-traded bonds is fixed in the amountof 1,000 (One thousand) rubles for 1 (One) Exchange-traded bond (100% of thenominal value). From the second day of the placement of the Exchange-traded bonds within thesettlement of the sale and purchase transaction the buyer of theExchange-traded bonds shall also pay the accumulated coupon yield against theExchange-traded bonds calculated by the following formula: ACI = Nom * C * ((T - T0) / 365) / 100%, where ACI - accumulated coupon interest, rubles; Nom - nominal value of one Exchange-traded bond, rubles; С - amount of the interest rate of the 1st coupon in percent per annum (%); T - current date of the Exchange-traded bonds placement; T0 - commencement date of the Exchange-traded bonds placement. The amount of the accumulated coupon yield per one Exchange-traded bond iscalculated with the accuracy to one kopeck (rounding of figures in calculationis carried out according to the mathematical rounding rules. In this respect,mathematical rounding rules are the rounding method whereby the value of theintegral kopeck (integral kopecks) does not change if the first figurefollowing the rounded one is in the range from 0 to 4, and increases by one ifthe first figure following the rounded one is in the range from 5 to 9). The period of the securities placement or the procedure of its determination: The Issuer of the Exchange-traded bonds and the stock-exchange that hasadmitted them to the organized trading shall provide access to the informationcontained in the Prospectus to any related party regardless of the purpose ofobtaining such information not later than the commencement date of theExchange-traded bonds placement. The report on the admission of the Exchange-traded bonds to trading in thecourse of their placement and the procedure of access to the information,contained in the Decision to issue securities and the Prospectus, is publishedby the Issuer pursuant to the procedure and within the time limit specified inClause 11 of the Decision to issue securities and in Clause 2.9 of theProspectus. The commencement date of placement of the Exchange-traded bonds is determinedby the sole executive body of the Issuer following the admission of theExchange-traded bonds to trading in the course of their placement. Informationon the commencement date of placement of the Exchange-traded bonds determinedby the Issuer is published by the Issuer pursuant to the procedure and withinthe time limit specified in Clause 11 of the Decision to issue securities andin Clause 2.9 of the Prospectus. The commencement date of the Exchange-tradedbonds placement is determined by the Issuer in accordance with the applicablefederal legislation. The Issuer informs the Stock-exchange and the NSD (National SettlementDepositary) of the determined commencement date of placement of theExchange-traded bonds not later than 5 (five) days prior to the commencementdate of placement. The commencement date of the Exchange-traded bonds placement may be changed bythe decision of the sole executive body of the Issuer subject to therequirements for the procedure of the disclosure of information on the changeof the commencement date of the Exchange-traded bonds placement, established inaccordance with the legislation of the Russian Federation, the Decision toissue securities and the Prospectus. If the Issuer adopts the decision to change the commencement date of placementof the Exchange-traded bonds disclosed pursuant to the procedure and within thetime limit specified in Clause 11 of the Decision to issue securities and inClause 2.9 of the Prospectus, the Issuer shall publish the report on change ofthe commencement date of the Exchange-traded bonds placement pursuant to theprocedure and within the time limit specified in Clause 11 of the Decision toissue securities and in Clause 2.9 of the Prospectus. The Issuer informs the Stock-exchange of the change of the commencing date ofplacement not later than 1 (one) day prior to the corresponding date. The completion date of placement or the procedure of its determination: The completion date of placement of the Exchange-traded bonds is the earliestdate of the following dates: a) the 3rd (Third) business day from the commencement date of theExchange-traded bonds placement; b) the date of placement of the last Exchange-traded bond. The period of the Exchange-traded bonds placement may not exceed 1 (one) monthfrom the commencement date of the Exchange-traded bonds placement. The Prospectus has been provided to MICEX Stock Exchange together with theDecision to issue the Exchange-traded bonds. The procedure of providing access to the information contained in theProspectus: Within not more than 2 (two) days from the date of admission of theExchange-traded bonds to trading in the course of their placement the Issuershall publish the text of the Prospectus and the Decision to issue securitieson the website. Publication of the text of the Decision to issue securities shall include thefollowing information: the identification number assigned to the issue of theExchange-traded bonds by the stock exchange, the date of the admission of theExchange-traded bonds to trading on the stock exchange in the course of theirplacement and the name of the stock exchange. The text of the Decision to issue securities shall be available in the Internetfrom the date of its publication in the Internet and till the repayment(cancellation) of all securities of this issue. Publication of the text of the Prospectus shall include the followinginformation: the identification number assigned to the issue of theExchange-traded bonds by the stock exchange, the date of the admission of theExchange-traded bonds to trading on the stock exchange in the course of theirplacement and the name of the stock exchange. The text of the Prospectus shall be available in the Internet from the date ofits publication in the Internet and till the repayment (cancellation) of allsecurities of this issue. The Decision to issue securities and the Prospectus are available to allrelated parties and their copies may be received for a fee not exceeding thecost of copying at the following address: 15/5 Solnechnaya street, Krasnodar, Russian Federation Tel: (861) 277-45-54, 210-98-10 (ext. 1111) Fax: (861) 277-45-54, 210-98-10 (ext. 1111) The Issuer shall provide copies of the above-mentioned documents to the holdersof the Issuer's securities and other related parties at their request for a feenot exceeding the cost of copying within not more than 7 (seven) days from thedate of the requirement. Bank details of the settlement account (accounts) of the Issuer for the paymentof costs of copying the above-mentioned documents and the amount (the procedureof determination of the amount) of such costs shall be published by the Issueron the website. 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: +7-861-277-4554 x5101 Mobile: +7-961-511-0202 Direct Line: +7-861-277-4562 Company description: Magnit is Russia's largest retailer. Founded in 1994 by Sergey Galitskiy, thecompany is headquartered in the southern Russian city of Krasnodar. As of June30, 2013, Magnit operates 18 distribution centers and over 7,000 stores (6,552convenience, 164 hypermarkets, and 700 cosmetics) in more than 1,700 cities andtowns throughout 7 federal regions of the Russian Federation. In accordance with the unaudited IFRS management accounts for 1H 2013, Magnithad revenues of $8,796 million USD and an EBITDA of $889 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.