Magnit

AGM Information • May 30, 2014

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OJSC MAGNIT - AGM Results

PR Newswire

London, May 30

Press-releaseKrasnodarMay 30, 2014OJSC "Magnit" Announces the AGM ResultsKrasnodar, May 30, 2014: OJSC "Magnit", Russia's largest food retailer (the"Company"; MICEX and LSE: MGNT), announces the results of the Annual GeneralShareholders Meeting.Please be informed that the AGM of OJSC "Magnit" was held on May 29, 2014.Positive decisions were made by the general shareholders meeting on thefollowing agenda items put to a vote:- the annual report, annual accounting (financial) reports of OJSC "Magnit"were adopted;- profit (including payment (declaration) of dividends) and loss allocation ofOJSC "Magnit" following 2013 financial year results was approved.- the Board of directors of OJSC "Magnit" was elected;- the Revision commission of OJSC "Magnit" was elected;- the auditor of OJSC "Magnit" was approved;- the auditor of OJSC "Magnit" in accordance with the IFRS was approved;- the Counting commission of OJSC "Magnit" was elected;- the Charter of OJSC "Magnit" in the new edition was ratified;- the Regulations on the General shareholders meeting of OJSC "Magnit" in thenew edition were ratified;- major related party transactions were approved;- related party transactions were approved.For further information, please contact:Timothy Post Director, Investor Relations Email: post@magnit.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@magnit.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 food retailer. Founded in 1994, the company isheadquartered in the southern Russian city of Krasnodar. As of March 31, 2014,Magnit operated 23 distribution centers and over 8,200 stores (7,341convenience, 215 hypermarkets, and 700 cosmetics) in more than 1,905 cities andtowns 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) andits GDRs on the London Stock Exchange (LSE: MGNT) and it has a credit ratingfrom Standard & Poor's of BB. Measured by market capitalization, Magnit is oneof the largest retailers in Europe.