OREANDA-NEWS. OJSC “Magnit” (the “Company”; MICEX and LSE: MGNT) announces the execution of the transaction on February 27, 2013.

The essentials of the transaction are as follows:

Type of transaction:

related-party transaction

Subject of transaction:

loan of funds

Parties and beneficiaries under transaction:

the Lender - open joint-stock company "Magnit" the Borrower - joint-stock company "Tander"

Maturity:

loan maturity date - 26.02.2016

Transaction amount:

5,000,000,000.00 rubles, which amounts to 7.65% of the balance sheet value of assets of the issuer

Interest rate

9.6% per annum

The assets value of the issuer as of the closing date of the reporting period preceding the transaction execution:

65,342,418 thousand rubles

The transaction was approved by the general shareholders’ meeting (minutes of the annual general shareholders’ meeting of OJSC “Magnit” N° w/N° of May 28, 2012).