OREANDA-NEWS. OJSC "Magnit" (the “Company”; the “Issuer”, MICEX and LSE: MGNT) announces the commencing date of bonds placement.

Parameters of bonds placement:

Type of securities:

interest-bearing non-convertible certified bonds of the 01 series to the bearer with the obligatory centralized custody

Maturity date:

1092nd day from the date of initiation of placement of the Bonds

State registration number of the issue and date of registration:

4-01-60525-P as of 27.12.2012

Registration authority:

FFMS of Russia

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 bond (100 percent of the nominal value)

Pre-emptive right:

Not provided

Placement commencing date:

February 26,2013

Placement completion date:

February 26,2013