OREANDA-NEWS. OJSC “Magnit”, Russia’s largest retailer (the “Company”; MICEX and LSE: MGNT), announces the decision to pay dividends for FY 2012 made by the AGM.

The annual general shareholders meeting made the decision to pay dividends on OJSC “Magnit” shares in the total amount of 5,202,765,752.10 rubles which is 55.02 rubles per share following the results of 2012 financial year.

Type of securities:

ordinary registered Shares

State registration number of the securities issue, date of registration:

1-01-60525-P of 04.03.2004

Governance body of the Issuer which made the decision to pay dividends:

General Shareholders Meeting

Date of the decision to pay dividends:

May 24, 2013

Date and the number of the minutes of meetting where the decision to pay dividends was made:

Minutes w/o No. of 24.05.2013

Reporting period which the dividend is paid for:

2012 financial year

The total amount of dividends accrued on:

5,202,765,752.10 rubles

The amount of dividend accrued on one share following the results of 2011 financial year:

55.02 rubles

Form of payment:

monetary funds in the currency of the Russian Federation in non-cash form

Expiration date of the fulfillment of obligation on dividend payment:

July 23, 2013