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 2013 financial year.

Type of securities:

ordinary registered shares

State registration number of the issue:

1-01-60525-P as of04.03.2004

Total amount of dividends accrued on shares following the results of 2013 financial year:

8,430,144,798.25 rubles

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

89.15 rubles

Form of yield payment:

monetary funds in the currency of the Russian Federation, non-cash payment

Dividend payment date for nominees and trust managers who are professional securities market participants registered in the shareholder register:

June 27,2014

Dividend payment date for the other shareholders registered in the shareholder register

July 18,2014

The Company has effected dividend payment in the amount of 8,430,135,348.35 rubles, out of which 79,343.50 rubles were returned to the Company's account as of August 27, 2014 due to the absence of the accurate bank account details and/ or another creditor's delay.

The outstanding dividend amount is 9,449.90 rubles which represents 0.000112% of the total amount of the announced dividends. Nonpayment is due to the absence of the bank account details required for the payment.