OJSC MAGNIT: Change of Share

September 2, 2013 
OJSC "Magnit" Announces the Change of Share of the Entity under the Issuer's 
Krasnodar, September 2, 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"                        
                       185, Levanevskogo street, Krasnodar, Russia          
Taxpayer Id Number:        2310031475                                           
Principal State            1022301598549                                       
Registration Number:                                                            
Object of acquisition:     voting shares of the Issuer                          
August 30, 2013            Acquisition of shares                                
Amount of acquired shares: 4,182shares (0.0044% of the total equity)            
Basis for acquisition:     Repurchase Agreement                                 
Amount of votes before     95,718 votes (0.1012% of the total number of votes) 
Amount of votes after      99,900 votes (0.1056% of the total number of votes)   
August 30, 2013            Disposal of shares                                   
Amount of disposed shares: 2,300 shares (0.0024% of the total equity)            
Basis for disposal:        Securities Purchase Agreements executed in the       
                       trading of MICEX Stock Exchange                      
Amount of votes before     99,900 votes (0.1056% of the total number of votes)   
Amount of votes after      97,600 votes (0.103 2% of the total number of votes)
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 reviewed IFRS consolidated financial statements for 1H
2013, Magnit had revenues of $8,796 million USD and an EBITDA of $890 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- Sep/02/2013 13:40 GMT