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

On April 2, 2012 the chairman of the Board of Directors made the decision to hold the BOD meeting on April 3, 2012 with the following agenda:

Calling of the annual general shareholders' meeting of OJSC "Magnit".

Adoption of the agenda of the annual general shareholders' meeting of OJSC "Magnit".

Approval of the form of holding of the annual general shareholders' meeting of OJSC "Magnit".

Determination of the date, time and venue of the annual general shareholders' meeting of OJSC "Magnit".

Determination of the date of a list of persons entitled to participate in the annual general shareholders' meeting of OJSC "Magnit".

Approval of the form and the text of the voting bulletins on the items to be considered at the annual general shareholder's meeting of OJSC "Magnit".

Notification of shareholders of the holding of the annual general shareholders' meeting of OJSC "Magnit".

Provision of the opportunity to shareholders to get acquainted with the materials related to the holding of the annual general shareholders' meeting of OJSC "Magnit".

Approval of related-party transactions.

Proposed date of a list of persons entitled to participate in the AGM of OJSC "Magnit" is April 13, 2012. The date of a list of persons entitled to receive dividends for FY 2011 and 1Q 2012 is the date of the list of persons entitled to participate in the AGM where the decision to pay (to announce) dividends upon OJSC "Magnit" ordinary registered uncertified shares is made.