OJSC MAGNIT: Change of Share

January 14, 2014 
OJSC "Magnit" Announces Change of Share in the Charter Capital 
Krasnodar, January 14, 2014: OJSC "Magnit", Russia's largest retailer (the
"Company"; MICEX and LSE: MGNT), announces change of share in the charter
capital of OJSC "Magnit" (ordinary shares stake) owned by Marina Ivanova, the
member of the OJSC "Magnit" Management Board, from 0.00835% to 0.0084%. 
Name and position of the        Marina Ivanova, the member of the OJSC "Magnit"
person:                         Management Board                                
Company:                        Open joint-stock company "Magnit", 15/5,        
                            Solnechnaya street, Krasnodar, Russia           
Share in charter capital before 0.00835%                                       
Ordinary shares stake before    0.00835%                                       
Share in charter capital after  0.0084%                                        
Ordinary shares stake after     0.0084%                                        
Date of change of share in the  January 13, 2014                               
charter capital:                                                                
Date of the fact being          January 14, 2014                               
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 December 31,
2013, Magnit operated 22 distribution centers and over 8,000 stores (7,200
convenience, 207 hypermarkets, and 686 cosmetics) in more than 1,868 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.


-0- Jan/14/2014 13:15 GMT

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