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OJSC MAGNIT: Change of Share



July 19, 2013

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

Krasnodar, July 19, 2013: OJSC "Magnit", Russia's largest retailer (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 OJSC "Magnit" Board of Directors, from 0.00258% to 0.0026%.

Name and position of the Khachatur Pombukhchan, the chairmanof OJSC "Magnit" person: Board of Directors

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

street, Krasnodar, Russia

Share in charter capital 0,00258% before change:

Ordinary shares stake 0.00258% before change:

Share in charter capital 0.0026% after change:

Ordinary shares stake 0.0026% after change:

Date of change of share in July18, 2013 the charter capital:

Date of the fact being July19, 2013 reported:

For further information, please contact:

Timothy Post Director, Investor Relations

                                        Office: +7-861-277-4554 x7600          
                                        Mobile: +7-961-511-7678                
                                        Direct Line: +7-861-277-4562           

Dina Svishcheva Deputy Director, Investor Relations

                                        Office: +7-861-277-45-54 x5101         
                                        Mobile: +7-961-511-0202                
                                        Direct Line: +7-861-277-4562           

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 June
30, 2013, Magnit operates 18 distribution centers and over 7,000 stores (6,552
convenience, 164 hypermarkets, and 700 cosmetics) in more than 1,700 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.


-0- Jul/19/2013 10:34 GMT

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