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OJSC MAGNIT: Change of Share


Press-release

Krasnodar

January 10, 2013

OJSC "Magnit" announces change of share of the BoD members and members of the Management Board in the charter capital

Krasnodar, January 10, 2013: OJSC "Magnit" (the "Company"; MICEX and LSE: MGNT) announces change of share of the BoD members and members of the Management Board in the charter capital.

Name of issuer

Open Joint Stock Company "Magnit," a company incorporated and existing under the laws of the Russian Federation with its registered address at 15/5 Solnechnaya street, Krasnodar, Krasnodar region, Russian Federation.

On January 10, 2013 the Company has been notified of the following changes of share of the BoD members and members of the Management Board in its charter capital (date of change: January 9, 2013).

Name and Share in Share of ordinary Share in Share of position charter capital shares owned charter capital ordinary shares

before change before change after change after change

Arutyunyan 0,2038% 0,2038% 0,2054% 0,2054% Andrey

the first deputy CEO,

BoD member

Butenko 0,0798% 0,0798% 0,0814% 0,0814% Valeriy

BoD member

Ivanova 0,0061% 0,0061% 0,0063% 0,0063% Marina

member of the Management Board

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 December 31, 2012 the chain
consisted of 6,046 convenience stores, 126 hypermarkets, 20 "Magnit Family"
stores and 692 cosmetics stores (drogerie) in 1,605 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 December 31, 2012 Magnit operated an in-house logistics system consisting
of 18 distribution centers, employing automated stock replenishment systems and
a fleet of 4,401 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- Jan/10/2013 09:44 GMT

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