OREANDA-NEWS. June 1, 2012. OJSC "Magnit" (the "Company"; MICEX and LSE: MGNT) announces the decision on dividend payment adopted at the annual general shareholders' meeting (Minutes № w/n of 28.05.2012).

At the annual general shareholders meeting, held on May 28, 2012, was made a decision to pay dividends on OJSC "Magnit" shares in the total amount of 1,726,690,342.30 rubles which is 18.26 rubles per share following the results of 2011 financial year, and 489,827,818.90 rubles which is 5.18 rubles per share following the results of the 1st quarter of 2012.

Type of securities:

ordinary registered shares

State registration number of the securities issue, date of registration:

1-01-60525-P of 04.03.2004

The total amount of dividends accrued on shares following the results of 2011 financial year:

1,726,690,342.30 rubles

The amount of dividend accrued on one share following the results of 2011 financial year:

18.26 rubles

The total amount of dividends accrued on shares following the results of the 1st quarter of 2012 financial year:

489,827,818.90 rubles

The amount of dividend accrued on one share following the results of the 1st quarter of 2012 financial year:

5.18 rubles

Form of payment:

monetary funds in Russian currency in non-cash form

Expiration date of the fulfillment of obligation on dividend payment:

July 27, 2012