Magnit

Major Shareholding Notification • Feb 19, 2014

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OJSC MAGNIT - Material Fact

PR Newswire

London, February 19

Press-releaseKrasnodarFebruary 19, 2014OJSC "Magnit"Announces the Change of Share ofthe Entity under the Issuer's ControlKrasnodar, February 19, 2014: OJSC "Magnit", Russia's largest retailer (the"Company", the "Issuer", MICEX and LSE: MGNT), announces the change of share ofthe 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 acquisition: voting shares of the IssuerFebruary 18, 2014 Disposal of sharesAmount of disposed shares: 7,920 shares (0.008376% of the total equity)Basis for disposal: Sale and Purchase Agreements executed in the trading of MICEX Stock ExchangeAmount of votes before 136,153 votes (0.143984% of the total number ofdisposal: votes)Amount of votes after 128,233 votes (0.135608% of the total number ofdisposal: votes)February 18, 2014 Acquisitionof sharesAmount of acquired shares: 423 shares (0.000447% of the total equity)Basis for acquisition: Sales and Purchase Agreements executed in the trading of MICEX Stock ExchangeAmount of votes before 128,233 votes (0.135608% of the total number ofacquisition: votes)Amount of votes after 128,656 votes (0.136056% of the total number ofacquisition: 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: +7-861-277-4562Dina Svishcheva Deputy Director, Investor Relations Email: Chistyak@gw.tander.ru Office: +7-861-277-45-54 x5101 Mobile: +7-961-511-0202 Direct Line: +7-861-277-4562Company 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.