OJSC MAGNIT - Exclusion of Exchange-Traded Bonds from Quotation List

Press-release

Krasnodar

March 7, 2014

OJSC "Magnit" Announces the Exclusion of its Bonds from the Quotation List "A"
Level 1 at MICEX

Krasnodar, March 7, 2014: 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)

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 unaudited IFRS management accounts 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 now
Europe's 2nd largest retailer.

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