OJSC MAGNIT - 6th Coupon Yield Payment and Bonds Issue Redemption

Press-release

Krasnodar

April 22, 2014

OJSC "Magnit" Announces the 6th Coupon Yield Payment and the Redemption of the
Nominal Value of Bonds

Krasnodar, April 22, 2014: OJSC "Magnit", Russia's largest food retailer (the
"Company"; MICEX and LSE: MGNT), announces the 6th coupon yield payment against
bonds and the redemption of the nominal value of bonds.

Please be informed that today OJSC "Magnit" fulfilled its obligation of the 6th
coupon payment against bonds of BO-06 series and the redemption of the nominal
value of bonds.

Parameters of the bond issues:

Type of securities:       Non-convertible interest-bearing certified e
                          xchange-traded bonds to the bearer of B0-06 series
                          with the obligatory centralized custody

Identification code and   "- 4B02-06-60525-P as of 16.02.2011
date of its assignment to
the issue:

Reporting (coupon) period 6th coupon period (October 10, 2013 - April 22, 2014)
which the yield is paid
for:

Total amount of the       193,200,000 rubles excluding tax and other deductions;
interest subject to
payment against bonds of  192,583,820 rubles adjusted for taxation
each series:

The amount of the         38.64 rubles
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

Number of redeemed bonds: 5,000,000

Basis for bonds           redemption of the nominal value of bonds according to
redemption:               the decision on the issue of OJSC "Magnit" securities
                          ratified by the Board of directors on 04.02.2011

Date of the obligation    April 22, 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 food retailer. Founded in 1994, the company is
headquartered in the southern Russian city of Krasnodar. As of March 31, 2014,
Magnit operated 23 distribution centers and over 8,200 stores (7,341
convenience, 215 hypermarkets, and 700 cosmetics) in more than 1,905 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.