OREANDA-NEWS. April 04, 2012. OJSC "Magnit" (the "Company"; MICEX and LSE: MGNT) announces the execution of the transaction by the Company on March 30, 2012.

The essentials of the transaction are as follows:

Type of transaction:

related-party transaction

Subject of transaction:

loan of funds

Parties and beneficiaries under transaction:

the Lender - open joint-stock company "Magnit" the Borrower - joint-stock company "Tander"

Maturity:

loan maturity date - 29.03.2015

Transaction amount:

277,000,000 rubles, which amounts to 0.46% of the balance sheet value of assets of the issuer

Interest rate

12.06% per annum

The assets value of the issuer as of the closing date of the reporting period preceding the transaction execution:

59,753,712 thousand rubles

The transaction was approved by the Board of Directors (minutes № w/№ of March 7, 2012).