Exercise of pre-emptive right

Type of securities: ordinary nominal shares

State registration number and date of registration: 1-01-60525-Р-005D of 02.10.2009

Registering authority: FFMS of Russian Federation

Offering method: open subscription

The amount of offered securities and their nominal value: 11,154,918 (eleven million one hundred and fifty four thousand nine hundred and eighteen) shares with the nominal value of 0.01 rubles each

The price of the offering: Offering price is 65 USD. In case of payment in Russian currency the price of allocation is calculated according to the exchange rate of 29.0415 rubles per 1 US dollar

Record date of persons entitled to exercise their pre-emptive rights: September 2, 2009

Notification offer to exercise pre-emptive rights

Date of release: Notification was published in “Izvestiya” newspaper on October 7, 2009

Placement closing date: November 18, 2009

Period of pre-emptive rights exercise : October 8, 2009 — October 27,2009

Number of persons entitles to exercise their pre-emptive rights: 1,978

Number of submitted applications in connection with the exercise of pre-emptive rights: 65

Number of accepted applications: 65

Number of rejected applications due to their non-compliance with the law requirements: none Number of applications received upon the expiration of the pre-emptive rights exercise period: none Number of applications satisfied in full or partially due to full or partial payment: 10

Number of shares applied for within the pre-emptive rights period: 2,427,423 shares

Number of shares to be allocated: 49,413 shares

Number of not allocated shares: 2,378,010 shares

The results of the exercise of pre-emptive rights were processed on November 11, 2009

OJSC «Magnit» announces the results of the exercise of pre-emptive rights