OREANDA-NEWS. September 24, 2012. OJSC "Magnit" (the "Company"; the "Issuer", MICEX and LSE: MGNT) announces the commencing date of bonds placement.

Parameters of bonds placement:

Type of securities:

Non-convertible interest-bearing certified exchange-traded bonds to the bearer with the obligatory centralized custody of B0-07 series

Maturity date:

1092nd day from the date of initiation of placement of the exchange-traded bonds of B0-07 series

Registration number of the issue and date of registration:

4B02-07-60525-P as of 10.08.2011

Registration authority:

Securities market maker which admitted the exchange-traded bonds to tradi ng within the course of placement - Close joint-stock company "MICEX Stock Exchange"

Amount of securities to be placed:

5,000,000 bonds

Nominal value:

1,000 rubles each

Placement method:

Open subscription

Placement price:

1,000 rubles for each exchange-traded bond (100 percent of the nominal value)

Pre-emptive right:

Not provided

Placement commencing date:

September 24,2012

Placement completion date:

September 24,2012

Additionally, on September 18, 2012 sole executive body of the issuer (Chief Executive Officer) has determined the impossibility of advanced redemption of the non-convertible interest-bearing certified exchange-traded bonds to the bearer with the obligatory centralized custody of BO-07 series (identification code 4B02-07-60525-P; admitted to trading on the stock exchange in the course of placement as of August 10, 2011) at the discretion of the Issuer according to paragraph 9.5.2. A). of the Resolution authorizing securities issue.