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OJSC MAGNIT: Material Fact


Press-release

Krasnodar

October 18, 2013

OJSC "Magnit"Announces theDisposalof Shares by the Entity under the Issuer's Control

Krasnodar, October 18, 2013: OJSC "Magnit", Russia's largest retailer (the "Company", the "Issuer", MICEX and LSE: MGNT), announces the disposal of shares by 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 disposal: voting shares of the Issuer

Date of disposal: October17, 2013

Amount of disposed shares: 1,659 shares (0.001754% of the total equity)

Basis for disposal: Securities Purchase Agreements executed in the

trading of MICEX Stock Exchange

Amount of votes before 76,815 votes(0,081233% of the total number of votes)

disposal:

Amount of votes after 75,156 votes(0,079479% 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
September 30, 2013, Magnit operates 19 distribution centers and over 7,600
stores (6,783 convenience, 178 hypermarkets, and 685 cosmetics) in more than
1,760 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- Oct/18/2013 10:28 GMT

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