OREANDA-NEWS. September 5, 2012. OJSC “Magnit” (the “Company”; MICEX and LSE: MGNT) announces the 3rd coupon yield payment against bonds.

Dear Ladies and Gentlemen!

We would like to inform you that today OJSC “Magnit” has fulfilled its obligation of the 3rd coupon yield payment against bonds of BO-05 series in the amount of 199,450,000 rubles.

Parameters of the bond issue:

Type of securities:

Non-convertible interest-bearing certified exchange-traded bonds to the bearer of B0-05 series with the obligatory centralized custody

Identification code and date of its assignment to the issue:

№ 4B02-05-60525-P as of 16.02.2011

Reporting (coupon) period which the yield is paid for:

3rd coupon period: March 2, 2012 - August 31, 2012

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

199,450,000 rubles excluding tax and other deductions 199,424,096 rubles adjusted for taxation

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

39.89 rubles

Method of payment:

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

Date of the obligation fulfillment:

August 31, 2012

Based in Krasnodar, in the Southern region of Russia, Open Joint Stock Company “Magnit” (LSE and MICEX: MGNT, S&P: “BB-”) is the holding company for a group of entities that operate in the retail trade under the “Magnit” brand. The chain of “Magnit” stores is one of the leading food retail networks in Russia. As of June 30, 2012 the chain consisted of 5,268 convenience stores, 98 hypermarkets, 5 “Magnit Family” stores and 351 cosmetics stores (drogerie) in 1,461 locations in the Russian Federation.

Approximately two-thirds of the Company's stores are located in cities with a population of less than 500,000 inhabitants. Most of its stores are located in the Southern, North-Caucasian, Central and Volga regions. The Company also operates stores in the North-Western, Urals and Siberian regions.

As of June 30, 2012 the Company operated an in-house logistics system consisting of 16 distribution centers, employing automated stock replenishment systems and a fleet of 4,070 vehicles.

In accordance with the reviewed IFRS consolidated financial statements for 1H 2012, the Company recorded consolidated revenue of approximately USD 6,776 million and consolidated EBITDA of around USD 671 million.