OJSC MAGNIT - 2nd Coupon Yield Payment (Bonds of BO-08/BO-09 Series)

Press-release

Krasnodar

April 2, 2014

OJSC "Magnit" Announces the 2nd Coupon Yield Payment

Krasnodar, April 2, 2014: OJSC "Magnit", Russia's largest retailer (the
"Company"; MICEX and LSE: MGNT), announces the 2nd coupon yield payment against
bonds.

Please be informed that today OJSC "Magnit" fulfilled its obligation of the 2nd
coupon redemption against bonds of BO-08/BO-09 series in the amount of
209,400,000 rubles / 209,400,000 rubles correspondingly.

Parameters of the bond issues:

Type of securities:       Non-convertible interest-bearing certified
                          exchange-traded bonds to the bearer of B0-08/BO-09
                          series with the obligatory centralized custody

Identification code and   № 4B02-08-60525-P / 4B02-09-60525-P as of 10.08.2011
date of its assignment to
the issues:

Reporting (coupon) period 2nd coupon period (October 1, 2013- April1, 2014)
which the yield is paid
for:

Total amount of the       209,400,000 rubles/ 209,400,000 rubles correspondingly
interest subject to       excluding tax and other deductions;
payment against bonds of
each series:              209,400,000 rubles/ 209,400,000 rubles correspondingly
                          adjusted for taxation

The amount of the         41.88rubles / 41.88 rubles correspondingly
interest subject to
payment against one bond
of each series:

Method of payment:        Monetary funds in the currency of the Russian
                          Federation by means of non-cash settlement

Date of the obligation    April1, 2014
fulfillment:

For further information, please contact:

Timothy Post                            Director, Investor Relations
                                        Email: [e-mail]
                                        Office: [phone] x 17600
                                        Mobile: [phone]
                                        Direct Line: [phone]

Dina Svishcheva                         Deputy Director, Investor Relations
                                        Email: [e-mail]
                                        Office: [phone] x 15101
                                        Mobile: [phone]
                                        Direct Line: [phone]

Company description:

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 audited IFRS consolidated financial statements for 2013,
Magnit had revenues of $18,202 million USD and an EBITDA of $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 one
of the largest retailers in Europe.

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