OJSC MAGNIT: Correction : Change of Share (Tander)

The date of the release has been changed from December 30, 2013 to December 31,
2013.
There were no changes made to the text of the announcement. 
                                                                            
                                                                           
Press-release 
Krasnodar 
December 31, 2013 
OJSC "Magnit"Announces the Change of Share of the Entity under the Issuer's 
Control 
Krasnodar, December 31, 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                          
                                                                           
December 30, 2013          Acquisition of shares                                
                                                                           
Amount of acquired shares: 1,650 shares (0.001744% of the total equity)          
                                                                           
Basis for acquisition:     Sale and Purchase Agreements executed in the trading 
                       of MICEX Stock Exchange                              
                                                                           
Amount of votes before     36,609 votes (0.038714% of the total number of 
votes)
acquisition:                                                                    
                                                                           
Amount of votes after      38,259 votes (0.040459% of the total number of 
votes)
acquisition:                                                                    
                                                                           
December 30, 2013          Disposal of shares                                   
                                                                           
Amount of disposed shares: 18,247 shares (0.019296% of the total equity)         
                                                                           
Basis for disposal:        Sale and Purchase Agreements executed in the trading 


                           of MICEX Stock Exchange;Sale and Purchase Agreements
                           (off-exchange)                                      


                                                                           
Amount of votes before     38,259 votes (0.040459% of the total number of 
votes)
disposal:                                                                       
                                                                           
Amount of votes after      20,012 votes (0.021162% 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, 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 09:23 GMT