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OJSC MAGNIT: Change of Share


Press-release

Krasnodar

August 21, 2013

OJSC "Magnit" Announces the Change of Share of the Entity under the Issuer's Control

Krasnodar, August 21, 2013: OJSC "Magnit", Russia's largest retailer (the "Company", the "Issuer", MICEX and LSE: MGNT), announces the change of share of 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 acquisition: voting shares of the Issuer

August 20, 2013 Acquisition of shares

Amount of acquired shares: 7,574 shares (0.008% of the total equity)

Basis for acquisition: Securities Purchase Agreements executed in the

trading of MICEX Stock Exchange

Amount of votes before 78,945 votes (0.0835% of the total number of votes) acquisition:

Amount of votes after 86,519 votes (0.0915% of the total number of votes)

acquisition:

August 20, 2013 Disposal of shares

Amount of disposed shares: 5,012 shares (0.0053% of the total equity)

Basis for disposal: Repurchase Agreement

Amount of votes before 86,519 votes (0.0915% of the total number of votes)

disposal:

Amount of votes after 81,507 votes (0.08 62% of the total number of votes)

disposal:

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


                                        Email: Chistyak@gw.tander.ru           
                                        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 the unaudited IFRS management accounts for 1H 2013, Magnit
had revenues of $8,796 million USD and an EBITDA of $889 million 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- Aug/21/2013 12:17 GMT

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