OJSC Magnit MGNT Material Fact

  OJSC Magnit (MGNT) - Material Fact

RNS Number : 2528C
OJSC Magnit
27 April 2012






                                      



Press-release

Krasnodar

April 27, 2012



OJSC "Magnit" announces the disposal of shares by the entity under the
issuer's control



Krasnodar, April 27, 2012: OJSC "Magnit" (the "Company", the "Issuer", RTS,
MICEX and LSE: MGNT) announces the disposal of shares by the entity which is
under Issuer's control.



                                     joint-stock company "Tander"
Full company name and address:
                                     185, Levanevskogo street, Krasnodar,
                                     Russia
Taxpayer Id Number:                  2310031475
Principal State Registration Number: 1022301598549
Object of disposal/acquisition:      voting shares of the Issuer



Amount of disposed shares:       91,761 shares (0.097% of the total equity)
Basis for disposal:              Securities Purchase Agreement № 27/04/12 of
                                 27.04.2012;
Amount of votes before disposal: 101,670 votes (0.1075% of the total number of
                                 votes)
Amount of votes after disposal:  9,909 votes (0.0105% of the total number of
                                 votes)
Date of disposal                 April 27, 2012





For further information, please contact:



Oleg Goncharov  Director, Investor Relations

                e-mail: Goncharov@gw.tander.ru

                Tel. in Krasnodar +7 (861) 277-45-54, 210-98-10 ext. 5100

                Mob.: +7 (903) 411-40-35

                Direct line for investors only: +7 (861) 277-45-62
Dina Svishcheva Manager, Investor Relations

                e-mail: Chistyak@gw.tander.ru

                Tel. in Krasnodar +7 (861) 277-45-54, 210-98-10 ext. 5101

                Mob.: +7-961-511-02-02

                Direct line for investors only: +7 (861) 277-45-62



Company description:

Based in Krasnodar, in the Southern region of Russia, Open Joint Stock Company
"Magnit" is the holding company  for a group of  entities that operate in  the 
retail trade under the "Magnit" brand. The chain of "Magnit" stores is one  of 
the leading food retail  networks in Russia.  As of March  31, 2012 the  chain 
consisted of  5,104  convenience stores,  96  hypermarkets and  266  cosmetics 
stores (drogerie) in 1,424 locations in the Russian Federation.

Approximately two-thirds of the Company's stores are located in cities with  a 
population of less than 500,000 inhabitants. Most of its stores are located in
the Southern, North-Caucasian,  Central and  Volga regions.  The Company  also 
operates stores in the North-Western, Urals and Siberian regions.



As of  March  31, 2012  the  Company  operated an  in-house  logistics  system 
consisting of 15 distribution centers, employing automated stock replenishment
systems and a fleet of 3,922 vehicles.



In accordance  with the  audited IFRS  consolidated financial  statements  for 
2011, the Company  recorded consolidated revenue  of approximately US$  11,423 
million and consolidated EBITDA of around US$ 939 million.

                     This information is provided by RNS
           The company news service from the London Stock Exchange

END


MSCLLFLLSSIDFIF -0- Apr/27/2012 11:15 GMT
 
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