OREANDA-NEWS. OJSC “Magnit”, Russia's largest retailer (the “Company”; MICEX and LSE: MGNT), announces the payment of dividends.

Please be informed that the Company has made dividend payment on its shares following the results of 2012 financial year.

Type of securities:

ordinary registered shares

State registration number of the issue:

1-01-60525-P as of 04.03.2004

Total amount of dividends accrued on shares following the results of 2012 financial year:

5,202,765,752.10 rubles

Amount of dividend accrued on one share following the results of 2012 financial year:

52.02 rubles

Form of yield payment:

monetary funds in the currency of the Russian Federation, noncash payment

Payment due date:

July 23, 2013

The Company has effected payment of dividends in the amount of 5,202,758,929.62 rubles.

The outstanding dividend amount is 6,822.48 rubles which represents 0.000131% of the total amount of the announced dividends. Nonpayment is due to the shareholders failure to submit the information required for the payment.

Magnit is Russia's largest retailer. Founded in 1994 by Sergey Galitskiy, the company is headquartered in the southern Russian city of Krasnodar. As of June 30, 2013, Magnit operates 18 distribution centers and over 7,000 stores (6,552 convenience, 164 hypermarkets, and 700 cosmetics) in more than 1,700 cities and towns throughout 7 federal regions of the Russian Federation.

In accordance with the unaudited IFRS management accounts for 1H 2013, Magnit had revenues of USD 8,796 million USD and an EBITDA of USD 889 million USD. Magnit's local shares are traded on the Moscow Stock Exchange (MICEX: MGNT) and its GDRs on the London Stock Exchange (LSE: MGNT) and it has a credit rating from Standard & Poor's of BB. Measured by market capitalization, Magnit is now Europe's 2nd largest retailer.