OREANDA-NEWS. September 26, 2012. OJSC "Magnit" (the “Company”, the “Issuer”; MICEX and LSE: MGNT) announces the initiation of the Exchange-traded bonds placement.

Today, on September 24, 2012 the Issuer initiates the placement of its exchange-traded bonds of the BO-07 series.

Data on the bonds placement:

Type of securities:

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

Maturity date:

On the 1092nd day from the date of the placement initiation of the exchange-traded bonds

Identification number of the issue and date of its assignment:

4B02-07-60525-P as of 10.08.2011

Registration authority:

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

Pre-emptive right:

Not provided

Placement price:

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

Placement initiation date:

September 24, 2012

Placement completion date:

September 24, 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.