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 6 months of 2013 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 6 months of 2013 financial year:

4,355,496,011.30 rubles

Amount of dividend accrued on one share following the results of 6 months of 2013 financial year:

46.06 rubles

Form of yield payment:

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

Payment due date:

November 25, 2013

The Company has effected payment of dividends in the amount of 4,355,488,181.10 rubles.

The outstanding dividend amount is 7,830.20 rubles which represents 0.000179% of the total amount of the announced dividends. Nonpayment is due to the shareholders failure to submit the information required for the payment.