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OJSC MAGNIT: Material Fact


Press-release

Krasnodar

January 21, 2014

OJSC "Magnit" Announces the Disposal of Shares by the Entity under the Issuer's

Control

Krasnodar, January 21, 2014: 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: January 20, 2014

Amount of disposed shares: 21,187 shares (0.022406% 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 96,361 votes (0.101903% of the total number of votes) disposal:

Amount of votes after 75,174 votes (0.079498% of thetotal 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 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/21/2014 12:01 GMT

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