Krasnodar September 25, 2009

Dear Ladies and Gentlemen!

We would like to inform you that on September 25, 2009 LLC “Magnit Finance” fulfilled its obligation of 5^th coupon redemption against bonds in the amount of 204,450,000 rubles.

Parameters of the bond issue:

Date of acceptance by NDC:	*March* *23,* *2007*
Issuer:	*Limited* *liability* *company* *“Magnit* *Finance”*
Issuer’s Taxpayer Id. Number:	*2310105783*
Type of securities:	*bonds*
Name of issue/ tranche:	*Certified* *interest* *non-convertible* *bonds* *payable* to *bearer* of 02 *series* *with* *obligatory* *centralized* *custody*
State registration number of issue:	*4-02-36102-R*
Date of state registration of issue:	*March* *06,* *2007*
Depositary code of issue/ ISIN:	*RU000A0JP4W7*
Date of offering commencement:	*March* *30,* *2007*
Nominal value:	*1,000.0000*
Nominal currency:	*Rubles*
Number of securities per issue:	*5,000,000*
Maturity date:	*March* *23,* *2012*
Circulation period (days):	*1,820*
Number of coupons:	10
Authorized (head) depositary:	*Noncommercial* *Partnership* *“National* *Depository* *Center”*

OJSC «Magnit» announces redemption of the 5th coupon against bonds