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OJSC MAGNIT: Material Fact


Press-release

Krasnodar

April 10, 2013

OJSC "Magnit" Announces the Disposal of Shares by the Entity under the Issuer's Control

Krasnodar, April 10, 2013: OJSC "Magnit" (the "Company", the "Issuer", MICEX and LSE: MGNT) announces the disposal of shares by the entity which is under the Issuer's control.

Full company name and joint-stock company "Tander" address:

185, Levanevskogo street, Krasnodar, Russia

Taxpayer Id Number: 2310031475

Principal State 1022301598549 Registration Number:

Object of disposal: voting shares of the Issuer

Amount of disposed shares: 265 shares (0.0003% of the total equity)

Basis for disposal: Securities Purchase Agreements executed in the

trading of MICEX Stock Exchange

Amount of votes before 106,199 votes (0.1123% of the total number of votes) disposal:

Amount of votes after 105,934 votes (0.112% of the total number of votes) disposal:

Date of disposal: April 9, 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) 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, S&P: "BB") 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 March 31, 2013 the chain
consisted of 6,209 convenience stores, 132 hypermarkets, 21 "Magnit Family"
stores and 713 cosmetics stores (drogerie) in 1,647 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 March 31, 2013 Magnit operated an in-house logistics system consisting of
18 distribution centers, employing automated stock replenishment systems and a
fleet of 4,448 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.



END

-0- Apr/10/2013 12:24 GMT

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