Magnit

Delisting Announcement • Mar 7, 2014

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

PR Newswire

London, March 7

Press-releaseKrasnodarMarch 7, 2014OJSC "Magnit" Announces the Exclusion of its Bonds from the Quotation List "A"Level 1 at MICEXKrasnodar, March 7, 2014: OJSC «Magnit», Russia's largest retailer (the"Company"; MICEX and LSE: MGNT), announces the exclusion of its bonds from theQuotation list "A" Level 1 at MICEX.Please be informed that on March 5, 2014 exchange-traded bonds of BO-05 serieswere excluded from the Quotation list "A" Level 1, List of securities admittedto trading at CJSC "MICEX Stock Exchange", due to their redemption (regulationof 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: post@gw.tander.ru Office: +7-861-277-4554 x 17600 Mobile: +7-961-511-7678 Direct Line: +7-861-277-4562Dina Svishcheva Deputy Director, Investor Relations Email: Chistyak@gw.tander.ru Office: +7-861-277-45-54 x 15101 Mobile: +7-961-511-0202 Direct Line: +7-861-277-4562Company description:Magnit is Russia's largest retailer. Founded in 1994, the company isheadquartered in the southern Russian city of Krasnodar. As of December 31,2013, Magnit operated 22 distribution centers and over 8,000 stores (7,200convenience, 207 hypermarkets, and 686 cosmetics) in more than 1,868 cities andtowns throughout 7 federal regions of the Russian Federation.In accordance with the unaudited IFRS management accounts for 2013, Magnit hadrevenues of $18,202 million USD and an EBITDA of $2,032 million USD. Magnit'slocal shares are traded on the Moscow Stock Exchange (MICEX: MGNT) and its GDRson the London Stock Exchange (LSE: MGNT) and it has a credit rating fromStandard & Poor's of BB. Measured by market capitalization, Magnit is nowEurope's 2nd largest retailer.