OREANDA-NEWS. October 28, 2011. OJSC "Magnit" (the "Company"; RTS, MICEX and LSE: MGNT) announces the payment of the coupon yield against bonds of B0-06 series.

Dear Ladies and Gentlemen!

We would like to inform you that on October 25, 2011 OJSC "Magnit" fulfilled its obligation of the 1st coupon redemption against bonds of B0-06 series in the amount of 193,200,000 rubles.

By the decision of the CEO of OJSC "Magnit" (the decision w/No of April 22, 2011) the interest rate of the 1st coupon against exchange-traded bonds was defined as 7.75% per annum.

Parameters of the bond issue:

Type of securities:

Non-convertible interest-bearing certified exchange-traded bonds to the bearer of B0-06 series with the obligatory centralized custody

Identification code and date of its assignment to the issue:

№ 4B02-06-60525-P as of 16.02.2011

Assigning authority:

Date of decision on the interest amount/coupon on the issuer's bonds:

Close joint-stock company "MICEX Stock Exchange" April 22, 2011

Total amount of the interest subject to payment against bonds of each series:

193,200,000 rubles excluding tax and other deductions 193,198,262 rubles including tax and other deductions

The amount of the interest subject to payment against one bond of each series:

38.64 rubles

Method of payment:

Monetary funds in the currency of the Russian Federation by means of non-cash settlement

Date of the obligation fulfillment:

October 25, 2011