Dividend Payment

Press-release Krasnodar August 22, 2013 OJSC "Magnit" Dividend Payment Update Krasnodar, August 22, 2013: OJSC "Magnit", Russia's largest retailer (the"Company"; MICEX and LSE: MGNT), announces the payment of dividends. Please be informed that the Company has made dividend payment on its sharesfollowing the results of 2012 financial year. Type of securities: ordinary registered shares State registration number of the issue: 1-01-60525-P as of 04.03.2004 Total amount of dividends accrued on shares 5,202, 765,752.10 rublesfollowing the results of 2012 financial year: Amount of dividend accrued on one share following 52.02 rublesthe results of 2012 financial year: Form of yield payment: monetary funds in the currency of the Russian Federation, non-cash payment Payment due date: July 23, 2013 The Company has effected payment of dividends in the amount of 5,202,758,929.62rubles. The outstanding dividend amount is 6,822.48 rubles which represents 0.000131%of the total amount of the announced dividends. Nonpayment is due to theshareholders failure to submit the information required for the payment. 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 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.