OJSC MAGNIT: Material Fact

Press-release 
Krasnodar 
January 20, 2014 
OJSC "Magnit"Announces the Acquisition of Shares by the Entity under the 
Issuer's
Control 
Krasnodar, January 20, 2014: OJSC "Magnit", Russia's largest retailer (the
"Company", the "Issuer", MICEX and LSE: MGNT), announces the acquisition 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 acquisition:     voting shares of the Issuer                          
Date of acquisition:       January 17, 2014                                     
                                                                           
Amount of acquired shares: 20,504shares (0.021683% of the total equity)         
                                                                           
Basis for acquisition:     Sales andPurchase Agreements executed in the trading 
                       of MICEX Stock Exchange                              
                                                                           
Amount of votes before     75,857votes (0.080220% of the total number of votes)
acquisition:                                                                    
                                                                           
Amount of votes after      96,361votes (0.101903% of the total number of votes)
acquisition:                                                                    
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. 



END

-0- Jan/20/2014 12:32 GMT