Magnit Announces Commencing Date of Bonds Placement

Type of securities:

Non-convertible interest-bearing certified exchange-traded bonds to the bearer with the obligatory centralized custody of B0-07 series

Maturity date:

1092nd day from the date of initiation of placement of the exchange-traded bonds of B0-07 series

Registration number of the issue and date of registration:

4B02-07-60525-P as of 10.08.2011

Registration authority:

Securities market maker which admitted the exchange-traded bonds to tradi ng within the course of placement - Close joint-stock company "MICEX Stock Exchange"

Amount of securities to be placed:

5,000,000 bonds

Nominal value:

1,000 rubles each

Placement method:

Open subscription

Placement price:

1,000 rubles for each exchange-traded bond (100 percent of the nominal value)

Pre-emptive right:

Not provided

Placement commencing date:

September 24,2012

Placement completion date:

September 24,2012