OREANDA-NEWS. OJSC “Magnit” (the “Company”, “Issuer”; MICEX and LSE: MGNT) is pleased to announce the results of the BOD meeting held on February 4, 2013.

Please be informed that the BOD meeting was held (minutes of BOD meeting of OJSC “Magnit” are w/o No. of February 4, 2013).

The meeting agenda;

1. Consideration of proposals for inclusion as items on the agenda of the annual general shareholders’ meeting of OJSC “Magnit”.

2. Consideration of proposals for the nomination of candidates to stand for election to the board of directors, the revision commission and the counting commission of OJSC "Magnit" at the annual general shareholders’ meeting of OJSC “Magnit”.

3. Consideration of proposal s for the nomination of candidates to stand for election as the auditor of OJSC "Magnit" at the annual general shareholders’ meeting of OJSC “Magnit”.

The following BOD members were present: A. Arutyunyan, S. Galitskiy, V. Butenko, K. Pombukhchan and A. Shkhachemukov.

A. Zayonts and A. Makhnev provided their written opinions on the items of the agenda of the BOD meeting of OjSc “ Magnit”.

The number of the BOD members participated in the meeting, including written opinions of A. Zayonts and A. Makhnev, amounts to not less than half of the number of the BOD members determined by the Charter of the Company.

Quorum to hold the BOD meeting with this agenda is present.

Content of the decisions and voting results:

Item 1 on the agenda;

“To include the following item on the agenda of the annual general shareholders’ meeting of OJSC “Magnit” convened following the close of the 2012 financial year and to ratify the wording of the decision on the item:

Wording of the agenda item of the annual general shareholders’ meeting

Wording of the decision on the agenda item of the annual general shareholders’ meeting

Approval of the auditor of OJSC “ Magnit” according to the international financial reporting standards

To approve Ernst&Young Limited Liability Company as the auditor of OJSC “Magnit” according to the international financial reporting standards, legal address: bld.1, 77 Sadovnicheskaya embankment, Moscow, 115035, Russian Federation

Votes were cast as follows:

A. Arutyunyan - “for”, V. Butenko - “for”, S. Galitskiy - “for”, A. Zayonts - “for”, A. Makhnev - “for”, K. Pombukhchan - “ for”, A. Shkhachemukov - “ for”.

The decision was made.

Item 2.1 on the agenda:

"To include the following candidates on the list of candidates for voting at the election of the board of directors of OJSC "Magnit" at the annual general shareholders’ meeting of OJSC “Magnit” convened following the close of the 2012 financial year:

Names of candidates

Nationality

Date of birth

Passport details

Alexander Zayonts

Russian Federation

10.01.1967

Information is disclosed according to the Federal law “On Personal Data”

Alexey Makhnev

Russian Federation

24.05.1976

Information is disclosed according to the Federal law “On Personal Data”

Votes were cast as follows:

A. Arutyunyan - “for”, V. Butenko - “for”, S. Galitskiy - “for”, A. Zayonts - “for”, A. Makhnev - “for”, K. Pombukhchan - “for”, A. Shkhachemukov - “for”.

The decision was made.

Item 2.2 on the agenda:

“To include the following candidates on the list of candidates for voting at the election of the board of directors of OJSC "Magnit" at the annual general shareholders’ meeting of OJSC “Magnit” convened following the close of the 2012 financial year:

Names of candidates

Nationality

Date of birth

Passport details

Valeriy Butenko

Russian Federation

25.11.1965

Information is disclosed according to the Federal law “On Personal Data”

Aslan Shkhachemukov

Russian Federation

22.08.1962

Information is disclosed according to the Federal law “On Personal Data”

Votes were cast as follows:

A. Arutyunyan - “for”, V. Butenko - “for”, S. Galitskiy - “for”, A. Zayonts - “for”, A. Makhnev - “for”, K. Pombukhchan - “for”, A. Shkhachemukov - “for”.

The decision was made.

Item 2.3 on the agenda:

“To include the following candidates on the list of candidates for voting at the election of the board of directors of OJSC "Magnit" at the annual general shareholders’ meeting of OJSC “Magnit” convened following the close of the 2012 financial year:

Names of candidates

Nationality

Date of birth

Passport details

Andrey Arutyunyan

Russian Federation

12.01.1969

Information is disclosed according to the Federal law “On Personal Data”

Sergey Galitskiy

Russian Federation

14.08.1967

Information is disclosed according to the Federal law “On Personal Data”

Khachatur Pombukhchan

Russian Federation

16.03.1974

Information is disclosed according to the Federal law “On Personal Data”

Votes were cast as follows:

A. Arutyunyan - “for”, V. Butenko - “for”, S. Galitskiy - “for”, A. Zayonts - “for”, A. Makhnev - “for”, K. Pombukhchan - “for”, A. Shkhachemukov - “for”.

The decision was made.

Item 3 on the agenda;

"To include the following candidate on the list of candidates for voting at the election of the auditor of OJSC "Magnit" at the annual general shareholders’ meeting of OJSC “Magnit” convened following the close of the 2012 financial year;

Full company name of the candidate: “Faber Leks” Limited Liability Company;

State registration data; Principal State Registration Number of the issuer 1022301213197, Taxpayer Id. Number 2308052975;

Location: 144/2 Krasnykh Partizan street, Krasnodar, 350049, Krasnodar region;

Information on membership in the self-regulatory organization of auditors: certificate as of 15.02.2010 of membership in the Non-commercial partnership “The Moscow Audit Chamber” (Order of the Ministry of Finance of the Russian Federation N° 578 as of 26.11.2009 on entering data on the Non-commercial partnership “The Moscow Audit Chamber” into the state register of the self-regulatory organization of auditors), Principal Number of Registration Entry 10203002910.”

Votes were cast as follows:

A. Arutyunyan - “for”, V. Butenko - “for”, S. Galitskiy - “for”, A. Zayonts - “for”, A. Makhnev - “for”, K. Pombukhchan - “for”, A. Shkhachemukov - “for”.

The decision was made.