OJSC MAGNIT: Change of Share (BoD and the Management Board Members)

OJSC MAGNIT: Change of Share (BoD and the Management Board Members)
Press-release 
Krasnodar 
December 31, 2013 
OJSC "Magnit" Announces the Change of Share of the BoD Members and the Members
of the Management Board in the Charter Capital 
Krasnodar, December 31, 2013: OJSC "Magnit", Russia's largest retailer (the
"Company"; MICEX and LSE: MGNT), announces the change of share of the BoD
members and the members of the Management Board in the charter capital. 
Name of issuer 
Open Joint Stock Company "Magnit," a company incorporated and existing under
the laws of the Russian Federation with its registered address at 15/5
Solnechnaya street, Krasnodar, Russian Federation. 
On December 30, 2013 the Company has been notified of the following changes of
share of the BoD members and the members of the Management Board in its charter
capital (date of change: December 27, 2013). 
Name and     Share in the     Share of the    Share in the   Share of the   
position    charter capital  ordinary shares     charter        ordinary    


                before change    owned before    capital after   shares after 
                                    change           change         change    


                                                                          
Pombukhchan        0,001%           0,001%          0,0028%        0,0028%    
Khachatur                                                                      
                                                                          
Chairman of                                                                   
the BoD                                                                        
                                                                          
Arutyunyan         0,2054%          0,2054%         0,2068%        0,2068%    
Andrey                                                                         
                                                                          
BoD member                                                                     
                                                                          
Butenko            0,0814%          0,0814%         0,0828%        0,0828%    
Valeriy                                                                        
                                                                          
BoD member                                                                     
                                                                          
Shkhachemukov      0,0024%          0,0024%         0,0029%        0,0029%    
Aslan                                                                          
                                                                          
BoD member                                                                     
                                                                          
Barsukov           0,0026%          0,0026%         0,0033%        0,0033%    
Alexander                                                                      
                                                                          
member of the                                                                 
Management                                                                    
Board                                                                          
                                                                          
Sattarov Ilya      0,0005%          0,0005%         0,0018%        0,0018%     
                                                                          
member of the                                                                 
Management                                                                    
Board                                                                          
                                                                          
Ivanova Marina    0,00698%         0,00698%         0,00835%       0,00835%    
                                                                          
member of the                                                                 
Management                                                                    
Board                                                                          
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, the company is
headquartered in the southern Russian city of Krasnodar. As of September 30,
2013, Magnit operated 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 its reviewed IFRS consolidated financial statements, Magnit
had 1H 2013 revenues of $8.7 billion 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 food retailer.



END

-0- Dec/31/2013 09:33 GMT


 
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