OREANDA-NEWS. January 10, 2012. OJSC "Magnit" (the "Company"; MICEX and LSE: MGNT) is pleased to announce the holding of the Board of Directors

On December 26, 2011 the Company made the decision to hold the Board of Directors on December 27, 2011 with the following agenda:

Approval of the additional agreement to the agreement with the sole executive body of OJSC "Magnit".

Making a decision on the bonus payment to the sole executive body of OJSC "Magnit" based on the results of 2011.

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

Approval of the additional agreement to the agreement of purchase and sales of the share in the charter capital of LLC "Magnit - Nizhny Novgorod".