Registration of Bonds Issuance

Press-releaseKrasnodarDecember 29, 2012

OJSC "Magnit" announces the state registration of the issuance of securities

Krasnodar, December 29, 2012: OJSC «Magnit» (the "Company", the "Issuer"; MICEXand LSE: MGNT) announces the state registration of the issuance of securities.

Data on the bonds placement:

Typeofsecurities: Non-convertible interest-bearing certified bonds of 01,02, 03 series to the bearer with the obligatory centralized custodyplaced in the form of public subscription eligible for anticipated repayment at the request of holders or at the discretion of the Issuer (hereinafter - "Bonds orBonds of 01,02,03 series") Maturity date: On the 1092nd day from the date of the placement initiation of the bondsof 01,02,03 series State 4-01-60525-Pas of 27.12.2012 registration number of the issuance and date of the state registration: Registration FFMS of Russia authority: Amount of securities 5,000,000 (five million) bonds in each series to be placed: Nominal value: 1,000 (one thousand) rubles each Placement method: Open subscription Pre-emptive right: Not provided Placement price: 1,000 (one thousand) rubles per each bond (100 percent of the nominal value) From the second day of the Bonds placement at the execution of the purchase andsale transaction the buyer of the Bonds shall also pay the accumulated couponyield against Bonds (ACI) calculated by the following formula:

ACI = Nom * C * (T - T(0)) / 365 / 100%, where

ACI - accumulated coupon interest, rubles;

Nom - nominal value of one Bond, rubles;

С - amount of the interest rate of the 1st coupon in percent per annum (%);

T - current date of the Bonds placement;

T(0) - commencement date of the Bonds placement.

The amount of the accumulated coupon yield per one Bond is calculated with theaccuracy to one kopeck (rounding of figures is carried out according to themathematical rounding rules. In this respect, mathematical rounding rules arethe rounding method whereby the value of the integral kopeck (integral kopecks)does not vary if the first figure following the rounded one is in the rangefrom 0 to 4 (inclusively), and increases by one if the first figure followingthe rounded one is in the range from 5 to 9 (inclusively).

The term of securities placement and the procedure of its determination:

The commencement date of the Bonds placement is defined by the authority of theIssuer and reported to all related parties in accordance with the legislationof the Russian Federation and the procedure of information disclosure specifiedin the item 11 of the Resolution authorizing issuance of securities and item2.9 of the Prospectus.In this respect, the commencement date of the Bonds placement shall not bedetermined prior to 2 (two) weeks after the publication of the report on thestate registration of the issuance of securities in accordance with thelegislation of the Russian Federation and the procedure of informationdisclosure specified in the item 11 of the Resolution authorizing issuance ofsecurities and the item 2.9 of the Prospectus.

The specified two-week term begins from the date following the date ofpublication of the report on the state registration of the issuance ofsecurities in the newswire of one of the information agencies authorized by theFederal Securities-Market Agency to disclose information on the securitiesmarket (hereinafter - "Newswire").

In case of establishing of other procedure and terms of disclosure ofinformation on this event different from the procedure and terms specified bythe Resolution authorizing issuance of securities and the Prospectus at thetime of occurrence of the event on which the Issuer shall disclose informationin accordance with the effective federal law, as well as regulatory legal actsof the Federal Securities-Market Agency, the information on this event shall bedisclosed in the procedure and terms specified federal laws, as well asregulatory legal acts of the Federal Securities-Market Agency which areeffective on the moment of occurrence of the event.

The completion date of Bonds placement is the earliest of the following dates:

a. 5 (the fifth) business day from the commencement date of the Bonds

placement;

b. the date of placement of the last Bond.

In this respect, the completion date of the Bonds placement shall not be laterthan 1 (one) year after the date of the state registration of the issuance ofBonds.

The Prospectus was registered together with the state registration of theissuance of securities.

The procedure of providing access to the information in the Prospectus:

The Issuer shall post the registered Prospectus and the Resolution authorizingissuance of securities online within 2 (Two) days from the date of postingonline of the information on the state registration of the issuance ofsecurities of the Issuer on the website of the registering authority or receiptby the Issuer of the written notice from the registering authority of the stateregistration of the issuance of securities by post, fax, e-mail, delivery byhand whichever occurs first.Online posting of the Resolution authorizing the issuance of securities shouldinclude state registration number of the issuance of securities, date of itsstate registration and the name of the registering authority which conductedstate registration of the issuance of securities.The registered Resolution authorizing the issuance of securities shall beavailable online on or after the date provided by the regulatory legal acts ofthe Federal Securities-Market Agency for its online posting, and if it isposted online after such date - on the date of its online posting and until theredemption of the Bonds .

Online posting of the Prospectus should include state registration number ofthe issuance of the securities in respect of which the Prospectus isregistered, the date of its registration and the name of the registeringauthority which conducted registration of the Prospectus.

The registered Prospectus shall be available online on or after the dateprovided by the regulatory legal acts of the Federal Securities-Market Agencyfor its online posting, and if is posted online after such date - on the dateof its online posting and until the redemption of the Bonds.All interested parties can familiarize with the Resolution authorizing issuanceof securities and the Prospectus and receive their copies for a fee notexceeding the printing costs at the following address 15/5 Solnechnaya street,Krasnodar, Russia.

Telephone: (861) 277-45-54; fax: (861) 277-45-54

Website provided by one of the information distributors on the securitiesmarket: http://www.e-disclosure.ru/portal/company.aspx?id=7671

Website of the Issuer: www.magnit-info.ru

The Issuer shall provide copies of the above documents to the holders ofsecurities of the Issuer and other interested parties upon their request for afee not exceeding the printing costs within 7 (Seven) days from the date of therequest.

Bank details of the settlement account (accounts) of the Issuer to pay thecopying costs for the above documents and the amount (the procedure of thedetermination of the amount) of such costs shall be posted online by theIssuer.

For further information, please contact:

Oleg Goncharov Director, Investor Relations e-mail: [email protected] Tel. in Krasnodar +7 (861) 277-45-54, 210-98-10 ext. 5100 Mob.: +7 (903) 411-40-35 Direct line for investors only: +7 (861) 277-45-62 Dina Svishcheva Manager, Investor Relations e-mail: [email protected] Tel. in Krasnodar +7 (861) 277-45-54, 210-98-10 ext. 5101 Mob.: +7-961-511-02-02 Direct line for investors only: +7 (861) 277-45-62 Company description: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 September 30, 2012 the chainconsisted of 5,523 convenience stores, 105 hypermarkets, 11 "Magnit Family"stores and 480 cosmetics stores (drogerie) in 1,504 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 September 30, 2012 Magnit operated an in-house logistics systemconsisting of 17 distribution centers, employing automated stock replenishmentsystems and a fleet of 4,082 vehicles.

In accordance with the reviewed IFRS consolidated financial statements for 1H2012, the Magnit recorded consolidated revenues of approximately $6.7 billionUSD and a consolidated EBITDA of $671 million USD.