OREANDA-NEWS. June 7, 2012. OJSC "Magnit" (the "Company"; MICEX and LSE: MGNT) announces the execution of the transaction by the Company on May 31, 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"


loan maturity date - 29.03.2015

Transaction amount:

2,150,000 thousand rubles, which amounts to 4.8151% of the

sheet value of assets of the issuer

Interest rate

11.63% per annum

The assets value of the issuer as of the


closing date of the reporting period preceding

60,201,324 thousand rubles

the transaction execution:


The transaction was approved by the general shareholders' meeting (minutes of the general shareholders' meeting of OJSC "Magnit" № w/№ of May 28, 2012).