Press-release
Krasnodar
July 21, 2016
PJSC "Magnit" Announces the 2nd Coupon Yield Payment and the Advanced Redemption of the Nominal Value of Exchange-Traded Bonds
Krasnodar, July 21, 2016: PJSC "Magnit", Russia's largest food retailer (the "Company"; MOEX and LSE: MGNT), announces the 2nd coupon yield payment against bonds and the advanced redemption of the nominal value of exchange-traded bonds.
Please be informed that on July 21, 2016 PJSC "Magnit" fulfilled its obligation of the second coupon redemption against bonds of the BO-10 series in the amount of 578,400,000 rubles rubles and the redemption of the nominal value of exchange-traded bonds.
Parameters of the bond issue:
| Type of securities: | Non-convertible interest-bearing certified exchange-traded bonds to the bearer of the BO-10series with the obligatory centralized custody, International Stock Identification Number (ISIN) RU000A0JVMV2 |
| Identification number of the securities issue and the date of its assignment: | No. 4B02-10-60525-P as of 30.07.2013 |
| Reporting (coupon) period which the yield is paid for: | The second coupon period (21.01.2016-21.07.2016) |
The total amount of the interest to be paid against bonds: | 578,400,000 rubles excluding tax and other deductions |
The amount of the interest to be paid against one bond: | 57.84 rubles |
| The total number of bonds against which the yield is paid: | 10,000,000 bonds |
| The method of payment: | Monetary funds in the currency of the Russian Federation by means of non-cash settlement |
The record date: | July 20, 2016 |
The date of the obligation fulfillment: | July 21, 2016 |
The total amount of the interest paid against bonds following the reporting period: | Following the 2nd coupon period the amount of 578,400,000 rubles was paid excluding tax and other deductions. Obligation has been fulfilled. |
Basis for advanced bonds redemption: | redemption of the nominal value of bonds according to the Decision on the issuance of PJSC "Magnit" securities approved by the Board of Directors on June 25, 2013, and the Decisionof the CEO on the advanced redemption of the bonds w/o No. as of July 16, 2015 |
| The date of advanced redemption of bonds: | July 21, 2016 |
For further information. please contact:
| Timothy Post | Head of Investor Relations Email: post@magnit.ru Office: +7-861-277-4554 x 17600 Mobile: +7-961-511-7678 Direct Line: +7-861-277-4562 |
| Investor Relations Office | MagnitIR@magnit.ru Direct Line: +7-861-277-4562 Website: ir.magnit.com/ |
| Media Inquiries | Media Relations Department press@magnit.ru |
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 June 30, 2016, Magnit operated 34 distribution centers and 12,888 stores (9,902 convenience, 398 hypermarkets, and 2,588 drogerie stores) in 2,397 cities and towns throughout 7 federal regions of the Russian Federation.
In accordance with the audited IFRS results for 2015, Magnit had revenues of RUB 951 billion and an EBITDA of RUB 104 billion. Magnit's local shares are traded on the Moscow Stock Exchange (MOEX: 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.
