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OJSC MAGNIT: Change of Share


Press-release

Krasnodar

January 23, 2014

OJSC "Magnit" Announces Change of Share in the Charter Capital

Krasnodar, January 23, 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 Khachatur Pombukhchan, the chairman of OJSC "Magnit" Board of Directors, and Marina Ivanova, the member of the OJSC "Magnit" Management Board.

Name and position of the Khachatur Pombukhchan, the chairman of OJSC "Magnit" person: Board of Directors

Company: Open joint-stock company "Magnit", 15/5, Solnechnaya

street, Krasnodar, Russia

Share in charter capital 0,0028% before change:

Ordinary shares stake 0.0028% before change:

Share in charter capital 0.0029% after change:

Ordinary shares stake 0.0029% after change:

Date of change of share in January21, 2014 the charter capital:

Date of the fact being January 23, 2014 reported:

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 0.0084% before change:

Ordinary shares stake 0.0084% before change:

Share in charter capital 0.00843% after change:

Ordinary shares stake after 0.00843% change:

Date of change of share in January 22, 2014 the charter capital:

Date of the fact being January 23, 2014 reported:

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/23/2014 11:24 GMT

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