OREANDA-NEWS. May 15, 2012. OJSC "Magnit" (the "Company"; MICEX and LSE: MGNT) is pleased to announce the holding of the Board of Directors meeting.

On May 14, 2012 the chairman of the Board of Directors made the decision to hold the BOD meeting on May 17, 2012 with the following agenda:

Ratification of the agreement with the Company's registrar in new edition

Determination of the position of the OJSC "Magnit" representative at the exercise of the voting right on shares in the charter capital of LLC "Alkotrading" owned by the Company.

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

Determination of the position of the OJSC "Magnit" representative at the exercise of the voting right on shares in the charter capital of LLC "Magnit Finance" owned by the Company.

Approval of the related party transactions.

Approval of additional agreement to the contract of sale and purchase of share in the charter capital of LLC "Magnit Nizhniy Novgorod".