OJSC MAGNIT: Material Fact

 Press-release  Krasnodar  February 5, 2014  OJSC "Magnit" Announces the Disposal of Shares by the Entity under the Issuer's Control  Krasnodar, February 5, 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:          February 4, 2014                                                                                                                   Amount of disposed shares: 7,130 shares (0.007540% of the total equity)                                                                                       Basis for disposal:        Sale and Purchase Agreements executed in the trading                         of MICEX Stock Exchange                                                                                                           Amount of votes before     178,547 votes (0.188816% of the total number of  votes) disposal:                                                                                                                                                    Amount of votes after      171,417 votes (0.181276% of the total number of        disposal:                  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 the unaudited IFRS management accounts for 2013, Magnit had revenues of $18,202 million USD and an EBITDA of $2,032 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 retailer.    END  -0- Feb/05/2014 12:37 GMT