Interest Rate of Coupon Yield Against Bonds

OJSC MAGNIT - Interest Rate of Coupon Yield Against Bonds

PR Newswire

London, February 20

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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.

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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 against Bonds

Krasnodar, February 20, 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 bonds.

By the decision of the sole executive body (Chief Executive Officer) (thedecision of the CEO of the Issuer w/n of 20.02.2013) the interest rate of the1st, 2nd, 3rd, 4th, 5th and 6th coupon yield against Bonds was definedaccording to the Resolution authorizing the issue of Bonds approved by thedecision of the BOD of the Issuer of October 29, 2012. Minutes w/n of October29, 2012).

Parameters of the bond issue:

Total amount of the 8.50(eight point fivezero percent)per annum or 221,9interest subject to 00,000rubles (two hundred and twenty-one millionninepayment against bonds of hundred thousand rubles 00 kopecks) for each couponeach 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 unaudited IFRS management accounts for 2012, Magnitrecorded consolidated revenues of approximately $14,430 million USD and aconsolidated EBITDA of $1,524 million USD.