Press-release
Krasnodar
June 2, 2014
OJSC "Magnit" Announces the Decision to Pay Dividends
Krasnodar, June 2, 2014: OJSC "Magnit", Russia's largest food retailer (the
"Company"; MICEX and LSE: MGNT) announces the decision to pay dividends for FY
2013 made by the AGM.
The annual general shareholders meeting, held on May 29, 2014, made the
decision to pay dividends on OJSC "Magnit" shares in the total amount of
8,430,144,798.25 rubles which is 89.15 rubles per share following the results
of 2013 financial year.
Type of securities: ordinary registered shares
State registration number of the securities 1-01-60525-P of March 4, 2004
issue, date of registration:
Governance body of the Issuer which made the General Shareholders Meeting
decision to pay dividends:
Date of the decision to pay dividends: May 29, 2014
Date and the number of the minutes of Minutes w/o No. of 29.05.2014
meeting where the decision to pay dividends
was made:
Reporting period which the dividend is paid 2013 financial year
for:
Total amount of dividends: 8,430,144,798.25 rubles
The amount of dividend accrued on one share 89.15 rubles
following the results of 2011 financial
year:
Form of payment: monetary funds in the currency of
the Russian Federation by bank
transfer
Dividend payment date for nominees: June 27, 2014
Dividend payment date for the other July 18, 2014
shareholders:
For further information, please contact:
Timothy Post Director, Investor Relations
Email: post@magnit.ru
Office: +7-861-277-4554 x 17600
Mobile: +7-961-511-7678
Direct Line: +7-861-277-4562
Dina Svishcheva Deputy Director, Investor Relations
Email: Chistyak@magnit.ru
Office: +7-861-277-45-54 x 15101
Mobile: +7-961-511-0202
Direct Line: +7-861-277-4562
Company description:
Magnit is Russia's largest food retailer. Founded in 1994, the company is
headquartered in the southern Russian city of Krasnodar. As of March 31, 2014,
Magnit operated 23 distribution centers and over 8,200 stores (7,341
convenience, 215 hypermarkets, and 700 cosmetics) in more than 1,905 cities and
towns throughout 7 federal regions of the Russian Federation.
In accordance with the audited IFRS consolidated financial statements for 2013,
Magnit had revenues of $18,202 million USD and an EBITDA of $2,032 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.