Dear Ladies and Gentlemen!

We would like to inform you that on November 14, 2008 LLC “Magnit-Finance” transferred monetary funds in the amount of 2,093,140,000 rubles to the bank account of Noncommercial Partnership “National Depository Center”, designated for redemption of bond obligations of LLC “Magnit-Finance” in accordance with the “Agreement on service provision upon disbursement against nominal value of bonds at their redemption and payment of coupon profit № D-06-11-433 of May 11, 2006.”, i.e. for payment of the 6^th coupon against bond obligations and bond redemption.

Parameters of the bond issue:

Date of acceptance by NDC:	*November* *21,* *2005*
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 01 *series* *with* *obligatory* *centralized* *holding*
State registration number of issue:	*4-01-36102-R*
Date of state registration of issue:	*October* *27,* *2005*
Depositary code of issue/ ISIN:	*RU000A0GJ0L9*
Date of offering initiation:	*November* *23,* *2005*
Nominal value:	*1,000.0000*
Nominal currency:	*Rubles*
Number of securities per issue:	*2,000,000*
Maturity date:	*November* *19,* *2008*
Circulation period (days):	*1,092*
Number of coupons:	6
Authorized (head) depositary:	*Noncommercial* *Partnership* *“National* *Depository* *Center”*

Redemption of bond issue