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OJSC MAGNIT: Change of Share

Press-release 
Krasnodar 
December 25, 2012 
OJSC "Magnit" announces change of share in the charter capital 
Krasnodar, December 25, 2012: OJSC "Magnit" (the "Company"; MICEX and LSE:
MGNT) announces change of share in the charter capital of OJSC "Magnit"
(ordinary shares stake) owned by Marina Ivanova, the member of the OJSC
"Magnit" Management Board, from 0.0045 % to 0.00452%. 
Name and position of the   MarinaIvanova, the memberof the OJSC "Magnit"       
person:                    Management Board                                     
                                                                           
Company:                   Open joint-stock company "Magnit", 15/5, Solnechnaya 
                       street, Krasnodar, Russia                            
                                                                           
Share in charter capital   0.0045%                                             
before change:                                                                  
                                                                           
Ordinary shares stake      0.0045%                                             
before change:                                                                  
                                                                           
Share in charter capital   0.00452%                                            
after change:                                                                   
                                                                           
Ordinary shares stake      0.00452%                                            
after change:                                                                   
                                                                           
Date of change of share in December 24, 2012                                   
the charter capital                                                             
                                                                           
Date of the fact being     December 25, 2012                                   
reported:                                                                       
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:

Headquartered in the southern Russia city of Krasnodar, Magnit (LSE and MICEX:
MGNT) 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 September 30, 2012 the chain
consisted of 5,523 convenience stores, 105 hypermarkets, 11 "Magnit Family"
stores and 480 cosmetics stores (drogerie) in 1,504 cities and towns throughout
the Russian Federation.

Approximately two-thirds of the Magnit'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 September 30, 2012 Magnit operated an in-house logistics system
consisting of 17 distribution centers, employing automated stock replenishment
systems and a fleet of 4,082 vehicles.

In accordance with the reviewed IFRS consolidated financial statements for 1H
2012, the Magnit recorded consolidated revenues of approximately $6.7 billion
USD and a consolidated EBITDA of $671 million USD.



END

-0- Dec/27/2012 07:00 GMT