OREANDA-NEWS. OJSC “Magnit” (the “Company”; the “Issuer”; MICEX and LSE: MGNT) is pleased to announce the holding of the Board of Directors meeting.

On July 25, 2013 the Chairman of the Board of Directors made the decision to hold the BOD meeting on July 31, 2013 with the following agenda:

Approval of recommendations to the general shareholders meeting on the dividend amount on OJSC “Magnit” shares and the procedure of its payment following the 6 months of 2013 financial year results.

Calling of the extraordinary general shareholders meeting of OJSC “Magnit”.

Adoption of the agenda of the extraordinary general shareholders meeting of OJSC “Magnit”.

Approval of the form of holding of the extraordinary general shareholders meeting of OJSC “Magnit”.

Determination of the date, time and venue of the extraordinary general shareholders meeting of OJSC “Magnit”.

Determination of the date of the list of shareholders entitled to participate in the extraordinary general shareholders meeting of OJSC “Magnit”.

Approval of the form and the text of the voting ballots on the items to be considered at the extraordinary general shareholders meeting of OJSC “Magnit”.

Notification of shareholders of the holding of the extraordinary general shareholders meeting of OJSC “Magnit”.

Provision of the opportunity to shareholders to review the materials related to the holding of the extraordinary general shareholders meeting of OJSC “Magnit”.

Determination of the recommended price for the related party transaction to be approved by the general shareholders meeting of OJSC “Magnit”.

11 .Approval of the related party transaction.

Approval of the candidate to the head of the internal audit service.

Determination of the position of the OJSC "Magnit" representative at the exercise of the voting right on the JSC “Tander” shares owned by the Company.

The expected date of the list of shareholders entitled to participate in the general shareholders meeting, the agenda of which includes the item on payment (declaration) of dividends on the issuer’s shares: August 9, 2013.

The list of shareholders entitled to receive dividends shall be made as of the date of the list of shareholders entitled to participate in the general shareholders meeting, where the decision to pay (declare) the dividends on the OJSC “Magnit” shares shall be made.

The period following the results of which the decision to pay (declare) dividends on the issuer’s shares shall be made at the general shareholders meeting: 6 months of 2013 financial year.

Types of the issuer’s shares on which the decision to pay (declare) dividends shall be made: ordinary registered shares.