Dividend payment

Press-release Krasnodar December 25, 2013 OJSC "Magnit" Dividend Payment Update Krasnodar, December 25, 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 6 months of 2013 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 4,355,496,011.30 rublesfollowing the results of 6 months of 2013 financialyear: Amount of dividend accrued on one share following 46.06 rublesthe results of 6 months of 2013 financial year: Form of yield payment: monetary funds in the currency of the Russian Federation, non-cash payment Payment due date: November 25 , 2013 The Company has effected payment of dividends in the amount of 4,355,488,181.10rubles. The outstanding dividend amount is 7,830.20 rubles which represents 0.000179%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, the company isheadquartered in the southern Russian city of Krasnodar. As of September 30,2013, Magnit operated 19 distribution centers and over 7,600 stores (6,783convenience, 178 hypermarkets, and 685 cosmetics) in more than 1,760 cities andtowns throughout 7 federal regions of the Russian Federation. In accordance with its reviewed IFRS consolidated financial statements, Magnithad 1H 2013 revenues of $8.7 billion USD and an EBITDA of $890 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 nowEurope's 2nd largest food retailer.