OJSC MAGNIT - 3rd Coupon Yield Payment (Bonds of 01 series)

Press-release

Krasnodar

August 26, 2014

OJSC "Magnit" Announces the 3rd Coupon Yield Payment

Krasnodar, August 26, 2014: OJSC "Magnit", Russia's largest food retailer (the
"Company"; MICEX and LSE: MGNT), announces the 3rd coupon yield payment against
bonds.

Please be informed that today OJSC "Magnit" fulfilled its obligation of the
third coupon redemption against bonds of the 01 series in the amount of
211,900,000 rubles.

Parameters of the bond issue:

Type of securities:    Non-convertible interest-bearing certified bonds to the
                       bearer with the obligatory centralized custody of the 01
                       series

State registration     "- 4-01-60525-P as of 27.12.2012
number of the issue of
securities and the
date of its state
registration:

Reporting (coupon)     Third coupon period (25.02.2014- 26.08.2014)
period which the yield
is paid for:

Total amount of the    211,900,000 rubles
interest to be paid
against bonds:

The amount of the      42.38 rubles
interest to be paid
against one bond:

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

Date of the obligation August26, 2014
fulfillment:

Total amount of the    Following the 1st coupon period the amount of 211,900,000
interest paid against  rubles was paid. Obligation has been fulfilled.
bonds following each
reporting (coupon)     Following the 2nd coupon period the amount of 211,900,000
period:                rubles was paid. Obligation has been fulfilled.

                       Following the 3rd coupon period the amount of 211,900,000
                       rubles was paid. Obligation has been fulfilled.

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 June 30, 2014,
Magnit operated 24 distribution centers and over 8,600 stores (7,614
convenience, 226 hypermarkets, and 778 drogeries) in approximately 2,000 cities
and towns throughout 7 federal regions of the Russian Federation.

In accordance with the reviewed IFRS consolidated financial statements for 1H
2014, Magnit had revenues of $9,979 million USD and an EBITDA of $1,045 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.