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Magnit
Major Shareholding Notification • Feb 10, 2014
6413_rns_2014-02-10_483a9b81-8f61-4563-af63-537b291b547e.html
Major Shareholding Notification
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OJSC MAGNIT - Material Fact
PR Newswire
London, February 10
Press-releaseKrasnodarFebruary 10, 2014OJSC "Magnit" Announces the Disposal of Shares by the Entity under the Issuer'sControlKrasnodar, February 10, 2014: OJSC "Magnit", Russia's largest retailer (the"Company", the "Issuer", MICEX and LSE: MGNT), announces the disposal of sharesby the entity which is under the Issuer's control.Full company name and joint-stock company "Tander"address: 185, Levanevskogo street, Krasnodar, RussiaTaxpayer Id Number: 2310031475Principal State 1022301598549Registration Number:Object of disposal: voting shares of the IssuerDate of disposal: February7, 2014Amount of disposed shares: 7,423shares (0.007850% of the total equity)Basis for disposal: Sale and Purchase Agreements executed in the trading of MICEX Stock ExchangeAmount of votes before 164,017 votes (0.173450%of the total number ofdisposal: votes)Amount of votes after 156,594 votes (0.165600% of thetotal number ofdisposal: votes)For further information, please contact:Timothy Post Director, Investor Relations Email: [email protected] Office: +7-861-277-4554 x7600 Mobile: +7-961-511-7678 Direct Line: +7-861-277-4562Dina Svishcheva Deputy Director, Investor Relations Email: [email protected] Office: +7-861-277-45-54 x5101 Mobile: +7-961-511-0202 Direct Line: +7-861-277-4562Company description:Magnit is Russia's largest retailer. Founded in 1994, the company isheadquartered in the southern Russian city of Krasnodar. As of December 31,2013, Magnit operated 22 distribution centers and over 8,000 stores (7,200convenience, 207 hypermarkets, and 686 cosmetics) in more than 1,868 cities andtowns throughout 7 federal regions of the Russian Federation.In accordance with the unaudited IFRS management accounts for 2013, Magnit hadrevenues of $18,202 million USD and an EBITDA of $2,032 million USD. Magnit'slocal shares are traded on the Moscow Stock Exchange (MICEX: MGNT) and its GDRson the London Stock Exchange (LSE: MGNT) and it has a credit rating fromStandard & Poor's of BB. Measured by market capitalization, Magnit is nowEurope's 2nd largest retailer.
