Magnit

Share Issue/Capital Change • May 30, 2014

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OJSC MAGNIT - Change of Share

PR Newswire

London, May 30

Press-releaseKrasnodarMay 30, 2014OJSC "Magnit" Announces Change of Share in the Charter CapitalKrasnodar, May 30, 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.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 0.00141%before change:Ordinary shares stake 0.00141%before change:Share in charter capital 0.00077%after change:Ordinary shares stake 0.00077%after change:Date of change of share in May 29, 2014the charter capital:Date of the fact being May 30, 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 March 31, 2014,Magnit operated 23 distribution centers and over 8,200 stores (7,341convenience, 215 hypermarkets, and 700 cosmetics) in more than 1,905 cities andtowns 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.