Magnit OAO : OJSC “Magnit” announces the change of share of the entity under the issuer’s control

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 address: joint-stock company "Tander"

185, Levanevskogo street, Krasnodar, Russia

Taxpayer Id Number: 2310031475
Principal State Registration Number: 1022301598549
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: Sales and Purchase Agreements executed in the trading of MICEX Stock Exchange, Repurchase Agreement
Amount of votes before acquisition: 75,174 votes (0.079498% of the total number of votes)
Amount of votes after acquisition: 125,410 votes (0.132623% of the total number of 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 disposal: 125,410 votes (0.132623% of the total number of votes)
Amount of votes after disposal: 113,233 votes (0.119746% of the total number of 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 acquisition: 113,233 votes (0.119746% of the total number of votes)
Amount of votes after acquisition: 120,033 votes (0.126937% of the total number of votes)
January 22, 2014 Disposal of shares
Amount of disposed shares: 150 shares (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 disposal: 120,033 votes (0.126937% of the total number of votes)
Amount of votes after disposal: 119,883 votes (0.126778% of the total number of 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 acquisition: 119,883 votes (0.126778% of the total number of votes)
Amount of votes after acquisition: 126,883 votes (0.134181% of the total number of votes)

For further information, please contact:

Timothy Post Director, Investor Relations Email: [e-mail]: [phone] x7600
Mobile: [phone]
Direct Line: [phone]
Dina Svishcheva Deputy Director, Investor Relations Email: [e-mail]: [phone] x5101
Mobile: [phone]
Direct Line: [phone]

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.