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OJSC MAGNIT: Change of Share


Press-release

Krasnodar

March 28, 2013

OJSC "Magnit" Announces Change of Share in the Charter Capital

Krasnodar, March 28, 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 0.0067% to 0.00678%.

Name and position of the Marina Ivanova, the member of the OJSC "Magnit"

person: Management Board

Company: Open joint-stock company "Magnit", 15/5, Solnechnaya

street, Krasnodar, Russia

Share in charter capital 0.0067% before change:

Ordinary shares stake 0.0067% before change:

Share in charter capital 0.00678% after change:

Ordinary shares stake 0.00678% after change:

Date of change of share in March 27, 2013

the charter capital

Date of the fact being March 28,2013

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 audited IFRS consolidated financial statements for 2012, Magnit recorded consolidated revenues of approximately $14,430 million USD and a consolidated EBITDA of $1,524 million USD.

2

END

-0- Mar/28/2013 11:07 GMT

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