OJSC MAGNIT: Change of Share

August 27, 2013 
OJSC "Magnit" Announces Change of Share in the Charter Capital 
Krasnodar, August 27, 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 0.0026% to
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   0,0026%                                             
before change:                                                                  
Ordinary shares stake      0.0026%                                             
before change:                                                                  
Share in charter capital   0.00266%                                            
after change:                                                                   
Ordinary shares stake      0.00266%                                            
after change:                                                                   
Date of change of share in August 20, 2013                                     
the charter capital:                                                            
Date of the fact being     August 26, 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     

                                        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.


-0- Aug/27/2013 06:00 GMT

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