Magnit

Share Issue/Capital Change • Jul 23, 2014

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OJSC MAGNIT - Change of Share

PR Newswire

London, July 23

Press-releaseKrasnodarJuly 23, 2014OJSC "Magnit" Announces Change of Share in the Charter CapitalKrasnodar, July 23, 2014: OJSC "Magnit", Russia's largest food retailer (the"Company"; MICEX and LSE: MGNT), announces change of share in the chartercapital of OJSC "Magnit" (ordinary shares stake) owned by KhachaturPombukhchan, the chairman of OJSC "Magnit" Board of Directors, and MarinaIvanova, the member of the OJSC "Magnit" Management Board.Name and position of the Khachatur Pombukhchan, the chairman of OJSC "Magnit"person: Board of DirectorsCompany: Open joint-stock company "Magnit", 15/5, Solnechnaya street, Krasnodar, RussiaShare in charter capital 0.001079%before change:Ordinary shares stake 0.001079%before change:Share in charter capital 0.00111%after change:Ordinary shares stake 0.00111%after change:Date of change of share in July22, 2014the charter capital:Date of the fact being July23, 2014reported:Name and position of the Marina Ivanova, the member of the OJSC "Magnit"person: Management BoardCompany: Open joint-stock company "Magnit", 15/5, Solnechnaya street, Krasnodar, RussiaShare in charter capital 0.003952%before change:Ordinary shares stake 0.003952%before change:Share in charter capital 0.003974%after change:Ordinary shares stake after 0.003974%change:Date of change of share in July 22, 2014the charter capital:Date of the fact being July 23, 2014reported:For further information, please contact:Timothy Post Director, Investor Relations Email: post@magnit.ru Office: +7-861-277-4554 x 17600 Mobile: +7-961-511-7678 Direct Line: +7-861-277-4562Dina Svishcheva Deputy Director, Investor Relations Email: Chistyak@magnit.ru Office: +7-861-277-45-54 x 15101 Mobile: +7-961-511-0202 Direct Line: +7-861-277-4562Company description:Magnit is Russia's largest food retailer. Founded in 1994, the company isheadquartered in the southern Russian city of Krasnodar. As of June 30, 2014,Magnit operated 24 distribution centers and over 8,600 stores (7,614convenience, 226 hypermarkets, and 778 cosmetics) in approximately 2,000 citiesand towns throughout 7 federal regions of the Russian Federation.In accordance with the audited IFRS consolidated financial statements 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) andits GDRs on the London Stock Exchange (LSE: MGNT) and it has a credit ratingfrom Standard & Poor's of BB. Measured by market capitalization, Magnit is oneof the largest retailers in Europe.