OJSC MAGNIT: Change of Share

January 22, 2013 
OJSC "Magnit" Announces Change of Share in the Charter Capital 
Krasnodar, January 22, 2013: 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 0.0065 % to 0.00656%. 
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   0.0065%                                             
before change:                                                                  
Ordinary shares stake      0.0065%                                             
before change:                                                                  
Share in charter capital   0.00656%                                            
after change:                                                                   
Ordinary shares stake      0.00656%                                            
after change:                                                                   
Date of change of share in January21, 2013                                     
the charter capital                                                             
Date of the fact being     January22, 2013                                     
For further information, please contact: 
Timothy Post                            Director, Investor Relations            

                                        e-mail: Post@gw.tander.ru              
                                        Tel. in Krasnodar +7 (861) 277-45-54,  
                                        210-98-10 ext. 7600                    
                                        Mob.: +7 (961) 508-06-61               
                                        Direct line for investors only: +7     
                                        (861) 277-45-62                        

Dina Svishcheva                         Deputy Director, 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 unaudited IFRS management accounts for 2012, Magnit
recorded consolidated revenues of approximately $14,430 billion USD and a
consolidated EBITDA of $1,524 million USD.



-0- Jan/22/2013 07:42 GMT

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