OREANDA-NEWS. OJSC "Magnit", Russia's largest retailer (the “Company”; MICEX and LSE: MGNT), announces the exclusion of its bonds from the Quotation list “A” Level 1 at MICEX.

Please be informed that on March 5, 2014 exchange-traded bonds of BO-05 series were excluded from the Quotation list “A” Level 1, List of securities admitted to trading at CJSC “MICEX Stock Exchange”, due to their redemption (regulation of CJSC “MICEX Stock Exchange” №256-r as of 05.03.2014).

Securities market maker:

Close joint-stock company “MICEX Stock Exchange “

Type of securities:

Non-convertible interest-bearing certified exchange-traded bonds of BO-05 series to the bearer with the obligatory centralized custody (identification number of the issue 4B02-05-60525-P as of February 16, 2011)

Magnit is Russia's largest retailer. Founded in 1994, the company is headquartered in the southern Russian city of Krasnodar. As of December 31, 2013, Magnit operated 22 distribution centers and over 8,000 stores (7,200 convenience, 207 hypermarkets, and 686 cosmetics) in more than 1,868 cities and towns throughout 7 federal regions of the Russian Federation.

In accordance with the unaudited IFRS management accounts for 2013, Magnit had revenues of USD 18,202 million USD and an EBITDA of USD 2,032 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.