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OJSC MAGNIT: Change of Share


Press-release

Krasnodar

September 16, 2013

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

Krasnodar, September 16, 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

September 13, 2013 Acquisition of shares

Amount of acquired shares: 1,584 shares(0.001675% of the total equity)

Basis for acquisition: Securities Purchase Agreements executed in the

trading of MICEX Stock Exchange

Amount of votes before 86,298 votes (0.091261% of the total number of acquisition: votes)

Amount of votes after 87,882votes (0.092936% of the total number of votes) acquisition:

September 13, 2013 Disposal of shares

Amount of disposed shares: 1,568 shares (0.001658% of the total equity)

Basis for disposal: Securities Purchase Agreements executed in the

trading of MICEX Stock Exchange

Amount of votes before 87,882 votes (0.092936% of the total number of disposal: votes)

Amount of votes after 86,314 votes (0.091278% of the total number of disposal: 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.



END

-0- Sep/16/2013 12:25 GMT

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