OREANDA-NEWS. PJSC "Magnit", Russia's largest food retailer (the "Company"; MICEX and LSE: MGNT) announces the decision to pay dividends for the 9 months of 2014 financial year made by the EGM.

On December 18, 2014 the extraordinary general shareholders meeting made the decision to pay dividends on PJSC "Magnit" shares in the total amount of 14,379,945,254.85 rubles which is 152.07 rubles per share following the results of the 9 months of 2014 financial year.

Type of securities:

uncertified ordinary registered shares

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

1-01-60525-P of March 4, 2004

Governance body of the Issuer which made the decision to pay dividends:

General Shareholders Meeting

Date of the decision to pay dividends:

December 18, 2014

Dividend record date:

December 30, 2014

Date and the number of the minutes of meeting where the decision to pay dividends was made:

Minutes w/o No. of 23.12.2014

Reporting period which the dividend is paid for:

9 months of 2014 financial year

Total amount of dividends accrued on shares following the results of the 9 months of 2014 financial year:

14,379,945,254.85 rubles

The amount of dividend accrued on one share following the results of the 9 months of 2014 financial year:

152.07 rubles

Form of payment:

monetary funds in the currency of the Russian Federation by bank transfer

Dividend payment date for nominees:

January 22, 2015

Dividend payment date for the other shareholders:

February 12, 2015

Magnit is Russia's largest food retailer. Founded in 1994, the company is headquartered in the southern Russian city of Krasnodar. As of September 30, 2014, Magnit operated 25 distribution centers and over 9,020 stores (7,891 convenience, 243 hypermarkets, and 886 drogerie stores) in approximately 2,000 cities and towns throughout 7 federal regions of the Russian Federation.

In accordance with the reviewed IFRS consolidated financial statements for 1H 2014, Magnit had revenues of USD 9,979 million USD and an EBITDA of USD 1,045 million USD. Magnit's local shares are traded on the Moscow Stock Exchange (MICEX: MGNT) and its GDRs on the London Stock Exchange (LSE: MGNT) and it has a credit rating from Standard & Poor's of BB. Measured by market capitalization, Magnit is one of the largest retailers in Europe.