OJSC MAGNIT: Change of Share

Press-release 
Krasnodar 
January 24, 2014 
OJSC "Magnit" Announces the Change of Share of the Entity under the Issuer's 
Control 
Krasnodar, January 24, 2014: 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                          
                                                                           
January 21, 2014           Acquisition of shares                                
                                                                           
Amount of acquired shares: 50,236 shares (0.053125% of the total equity)         
                                                                           
Basis for acquisition:     Salesand Purchase Agreements executed in the trading 


                           of MICEX Stock Exchange,                            
                                                                               
                           Repurchase Agreement                                


                                                                           
Amount of votes before     75,174 votes (0.079498% of the total number of 
votes)
acquisition:                                                                    
                                                                           
Amount of votes after      125,410 votes (0.132623% of the total number of       
acquisition:               votes)                                               
                                                                           
January 21, 2014           Disposal of shares                                   
                                                                           
Amount of disposed shares: 12,177 shares (0.012877% of the total equity)         
                                                                           
Basis for disposal:        Sales and Purchase Agreements executed in the        
                       trading of MICEX Stock Exchange                      
                                                                           
Amount of votes before     125,410 votes (0.132623% of the total number of       
disposal:                  votes)                                               
                                                                           
Amount of votes after      113,233 votes (0.119746% of the total number of       
disposal:                  votes)                                               
                                                                           
January 22, 2014           Acquisition of shares                                
                                                                           
Amount of acquired shares: 6,800 shares (0.007191% of the total equity)          
                                                                           
Basis for acquisition:     Sales and Purchase Agreements executed in the        
                       trading of MICEX Stock Exchange                      
                                                                           
Amount of votes before     113,233 votes (0.119746% of the total number of       
acquisition:               votes)                                               
                                                                           
Amount of votes after      120,033 votes (0.126937% of the total number of     
acquisition:               votes)                                               
                                                                           
January 22, 2014           Disposal of shares                                   
                                                                           
Amount of disposed shares: 150shares (0.000159% of the total equity)            
                                                                           
Basis for disposal:        Sales and Purchase Agreements executed in the        
                       trading of MICEX Stock Exchange                      
                                                                           
Amount of votes before     120,033 votes (0.126937% of the total number of       
disposal:                  votes)                                               
                                                                           
Amount of votes after      119,883 votes (0.126778% of the total number of       
disposal:                  votes)                                               
January 23, 2014           Acquisition of shares                                
                                                                           
Amount of acquired shares: 7,000 shares (0.007403% of the total equity)         
                                                                           
Basis for acquisition:     Sales and Purchase Agreements executed in the        
                       trading of MICEX Stock Exchange                      
                                                                           
Amount of votes before     119,883 votes (0.126778% of the total number of       
acquisition:               votes)                                               
                                                                           
Amount of votes after      126,883 votes (0.134181% of the total number of     
acquisition:               votes)                                               
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/24/2014 13:36 GMT