Krasnodar, September 14, 2012: OJSC “Magnit” (the “Company”; MICEX and LSE: MGNT) announces the results of an extraordinary general shareholders’ meeting.

Type of the general meeting (annual, extraordinary) — extraordinary general shareholders’ meeting; Form of the general meeting — joint presence.

Date and venue of the general meeting:

Date of EGM: September 14, 2012.

Venue: Conference Room, 3rd floor, 15/5 Solnechnaya Street, Krasnodar, Russia.

Time: registration — 10:00 am, EGM — 11:00 Moscow Time, MSK

Quorum of EGM:

Number of votes of shareholders included on the list of persons entitled to participate in the general meeting:

on the agenda item № 1 “Payment of dividends on OJSC ‘Magnit’ shares according to the results of the 6 months of 2012 financial year” — 94,561,355 votes;

Number of votes of shareholders participated in general meeting:

on the agenda item № 1 “Payment of dividends on OJSC ‘Magnit’ shares according to the results of the 6 months of 2012 financial year” — 83,796,641 votes, quorum is present;

Quorum is present to adopt the decisions on all the agenda items of the extraordinary general shareholders’ meeting of OJSC “Magnit”.

Agenda:

1. “Payment of dividends on OJSC ‘Magnit’ shares according to the results of the 6 months of 2012 financial year”

Voting results:

On the 1st agenda item “Payment of dividends on OJSC ‘Magnit’ shares according to the results of the 6 months of 2012 financial year”:

“for” — 74,860,759 votes, which amounts to 89.3362% of the total votes of the shareholders participated in the general meeting and entitled to vote on this item;

“against” — 0 votes, which amounts to 0.0000% of the total votes of the shareholders participated in the general meeting and entitled to vote on this item;

“abstained” — 82 391 votes, which amounts to 0.0983% of the total votes of the shareholders participated in the general meeting and entitled to vote on this item.

Adopted decision:

“To distribute part of net profit of the Company received in the 6 months of 2012 financial year on dividend payment:

To pay dividends on ordinary registered shares of OJSC “Magnit” in the amount of 1,999,972,658.25 rubles (one billion nine hundred and ninety-nine million nine hundred and seventy-two thousand six hundred and fifty-eight rubles and twenty-five kopeks) which amounts to 21.15 rubles (twenty-one rubles and fifteen kopeks) per one ordinary share.
State registration number of the securities issue, date of registration: 1-01-60525-P of 04.03.2004. Form of payment: monetary funds in Russian currency in non-cash form.
Expiration date of the fulfillment of obligation on dividend payment: November 13, 2012.
To pay dividends in the following order:
- to determine dividend payment period — within sixty days from the date of the corresponding decision of the general shareholders’ meeting;
- to execute the dividend payment with cash funds via the Registrar of the Company — OJSC “Obiedinennaya Registratsionnaya Kompaniya” (19, Leninskaya Sloboda Street, Moscow) as the entity providing services on dividend payment;
- in case of return of the transferred dividends to OJSC “Magnit” due to the incorrect bank details in the register of OJSC “Magnit” shareholders, or a shareholder’s death, the second dividend payment shall be executed after the submission of the information on change of payment and other details to OJSC “Obiedinennaya Registratsionnaya Kompaniya” and inclusion of the corresponding changes to the OJSC “Magnit” shareholders register;
- in case of return of dividends sent by mail payments, the second dividend payment shall be executed by means of transfer to the bank account after the shareholder resubmits bank details to OJSC “Obiedinennaya Registratsionnaya Kompaniya” and they are updated in the OJSC “Magnit” shareholders register;
- the dividend transfer by any means shall be executed at the expense of OJSC “Magnit”;
- the list of persons entitled to receive dividends shall be made as of the record date of holders entitled to participate in OJSC “Magnit” annual general shareholders’ meeting — July 27, 2012;

The minutes № w/n are executed as of September 14, 2012.

OJSC “Magnit” Announces EGM Results