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OJSC MAGNIT: Change of Share

Press-release 
Krasnodar 
February 7, 2014 
OJSC "Magnit" Announces the Change of Share of the Entity under the Issuer's 
Control 
Krasnodar, February 7, 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                          
                                                                           
February 5, 2014           Disposal of shares                                   
                                                                           
Amount of disposed shares: 12,600 shares (0.013325% of the total equity)        
                                                                           
Basis for disposal:        Sale and Purchase Agreements executed in the trading 
                       of MICEX Stock Exchange                              
                                                                           
Amount of votes before     171,417 votes (0.181276% of the total number of     
disposal:                  votes)                                               
                                                                           
Amount of votes after      158,817 votes (0.167951% of the total number of       
disposal:                  votes)                                               
                                                                           
February 6, 2014           Disposal of shares                                   
                                                                           
Amount of disposed shares: 1,900 shares (0.002009% of the total equity)         
                                                                           
Basis for disposal:        Sale and Purchase Agreements executed in the trading 
                       of MICEX Stock Exchange                              
                                                                           
Amount of votes before     158,817 votes (0.167951% of the total number of    
disposal:                  votes)                                               
                                                                           
Amount of votes after      156,917 votes (0.165942% of the total number of       
disposal:                  votes)                                               
                                                                           
February 6, 2014           Acquisitionof shares                                 
                                                                           
Amount of acquired shares: 7,100 shares (0.007508% of the total equity)         
                                                                           
Basis for acquisition:     Sales and Purchase Agreements executed in the 
trading 
                       of MICEX Stock Exchange                              
                                                                           
Amount of votes before     156,917 votes (0.165942% of the total number of       
acquisition:               votes)                                               
                                                                           
Amount of votes after      164,017 votes (0.173450% 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 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/07/2014 12:48 GMT


 
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