HOT OFF THE WIRE

Breaking News

Economy in U.S. Grew 4% in Second Quarter vs. 3% Estimate
Tweet TWEET

OJSC MAGNIT: Material Fact

Press-release 
Krasnodar 
July 1, 2013 
OJSC "Magnit" Announces the Acquisition of Shares by the Entity under the 
Issuer's
Control 
Krasnodar, July 1, 2013: OJSC "Magnit", Russia's largest retailer (the
"Company", the "Issuer", MICEX and LSE: MGNT), announces the acquisition of
shares by the entity which is under 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 acquisition:     voting shares of the Issuer                          
Amount of acquired shares: 31 shares (0.00003% of the total equity)              
                                                                           
Basis for acquisition:     Securities Purchase Agreements executed in the       
                       trading of MICEX Stock Exchange                      
                                                                           
Amount of votes before     70,659 votes (0.0747% of the total number of votes)   
acquisition:                                                                    
                                                                           
Amount of votes after      70,690 votes (0.07476% of the total number of votes)  
acquisition:                                                                    
                                                                           
Date of acquisition        June 21, 2013                                         
For further information, please contact: 
Timothy Post                            Director, Investor Relations            


                                        Email: post@gw.tander.ru               
                                        Office: +7-861-277-4554 x7600          
                                        Mobile: +7-961-511-7678                
                                        Direct Line: +7-861-277-4562           


                                                                           
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: 
Magnit is Russia's largest retailer. Founded in 1994 by Sergey Galitskiy, the
company is headquartered in the southern Russian city of Krasnodar. As of March
31, 2013, Magnit operates 18 distribution centers and over 7,000 stores (6,209
convenience, 153 hypermarkets, and 713 cosmetics) in more than1,600 cities and
towns throughout 7 federal regions of the Russian Federation. 
In accordance with its audited IFRS consolidated financial statements for
year-end 2012, Magnit had revenues of $14.43 billion USD and an EBITDA of $1.52
billion USD. Magnit's local shares are traded on the Moscow Stock Exchange
(MICEX: MGNT) and its GDRs on the London Stock Exchange (LSE: MGNT) and it has
a credit rating from Standard & Poor's of BB. Measured by
market capitalization, Magnit is now Europe's 2nd largest retailer. 
END 
-0- Jul/01/2013 12:43 GMT