OJSC MAGNIT: Change of Share

Press-release 
Krasnodar 
February 20, 2013 
OJSC "Magnit" Announces Change of Share in the Charter Capital 
Krasnodar, February 20, 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 Khachatur Pombukhchan, the chairman of the
Board of OJSC "Magnit" directors, from 0.0023 % to 0.0024%. 
Name and position of the   Khachatur Pombukhchan, the chairman of the Board of 
person:                    OJSC "Magnit" directors                              
                                                                           
Company:                   Open joint-stock company "Magnit", 15/5, Solnechnaya 
                       street, Krasnodar, Russia                            
                                                                           
Share in charter capital   0.0023%                                             
before change:                                                                  
                                                                           
Ordinary shares stake      0.0023%                                             
before change:                                                                  
                                                                           
Share in charter capital   0.0024%                                             
after change:                                                                   
                                                                           
Ordinary shares stake      0.0024%                                             
after change:                                                                   
                                                                           
Date of change of share in February 19, 2013                                     
the charter capital:                                                            
                                                                           
Date of the fact being     February 20, 2013                                     
reported:                                                                       
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) 511-76-78               
                                                                               
                                        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 million USD and a
consolidated EBITDA of $1,524 million USD.



END

-0- Feb/20/2013 11:53 GMT


 
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