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

Please be informed that today, February 26, 2013, the Issuer initiates the placement of its bonds of the 01 series.

Details of the 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:

On the 1092nd day from the date of the placement initiation of the bonds

State registration number of the issuance 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

Pre-emptive right:

Not provided

Placement price:

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

Placement initiation date:

February 26,2013

Placement completion date:

February 26,2013