OREANDA-NEWS. OJSC “Magnit” (the “Company”, “Issuer”; MICEX and LSE: MGNT) is pleased to announce the results of the BOD meeting.

Please be informed that on March 25, 2013 the BOD meeting was held (minutes of the BOD meeting of OJSC “Magnit” are w/o No. of March 25, 2013).

The meeting agenda:

1. Preliminary approval of the OJSC “Magnit” annual report.

2. Approval of recommendations to the general shareholders’ meeting on allocation of profit, including the dividend amount on shares of OJSC “Magnit” and the procedure of its payment, and losses of the Company following 2012 financial year results.

3. Approval of the list of candidates to be elected to the Revision Commission of the Company at the annual general shareholders’ meeting of OJSC “ Magnit”.

4. Approval of the list of candidates to be elected to the Board of Directors of the Company at the annual general shareholders’ meeting of OJSC “Magnit”.

5. Calling of the annual general shareholders’ meeting of OJSC “Magnit”.

6. Adoption of the agenda of the annual general shareholders’ meeting of OJSC “Magnit”.

7. Approval of the form of holding of the annual general shareholders’ meeting of OJSC “ M agni t”.

8. Determination of the date time and venue of the annual general shareholders’ meeting of OJSC “Magnit”.

9. Determination of the date of the list of shareholders entitled to participate in the annual general shareholders’ meeting of OJSC “Magnit”.

10. Approval of the form and the text of the voting ballots on the items to be considered at the annual shareholders’ meeting of OJSC “Magnit”.

11. Notification of shareholders of the holding of the annual general shareholders’ meeting of OJSC “Magnit”.

12. Provision of the opportunity to shareholders to review the materials related to the holding of the annual general shareholders’ meeting of OJSC “Magnit”.

13. Determination of the amount of remuneration for the auditor’s services

14. Determination of the recommended price for major related party transaction to be approved by the annual shareholders’ meeting of OJSC “Magnit”.

15. Determination of the recommended price for related party transactions to be approved by the annual shareholders’ meeting of OJSC “Magnit”.

16. Determination of the position of the OJSC "Magnit" representative at the exercise of the voting right on the RetailImport LLC shares owned by the Company.

17. Determination of the position of the OJSC "Magnit" representative at the exercise of the voting right on the LLC “Alkotrading” shares owned by the Company.

18. Determination of the position of the OJSC "Magnit" representative at the exercise of the voting right on the LLC “Tandem” shares owned by the Company.

19. Determination of the position of the OJSC "Magnit" representative at the exercise of the voting right on the JSC “Tander” shares owned by the Company.

20. Approval of the related party transactions.

The following BOD members were present: A. Arutyunyan, V. Butenko and A. Shkhachemukov.