OREANDA-NEWS. March 05, 2012. OJSC "Magnit" (the "Company"; MICEX and LSE: MGNT) is pleased to announce the holding of the Board of Directors meeting.

On March 1, 2012 the chairman of the Board of Directors made the decision to hold the BOD meeting on March 7, 2012 with the following agenda:

Approval of the related party transactions.

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

Ratification of Regulations on information policy of OJSC "Magnit in the new edition.