Change of Share

Press-release Krasnodar September 25, 2014 OJSC "Magnit" Announces Change of Share in the Charter Capital Krasnodar, September 25, 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 Ilya Sattarov, themember of the OJSC "Magnit" Management Board. Name and position of the Ilya Sattarov, the member of the OJSC "Magnit"person: Management Board Company: Open joint-stock company "Magnit", 15/5, Solnechnaya street, Krasnodar, Russia Date of change of share in September 17, 2014the charter capital: Date of the fact being September 25, 2014reported: Share in charter capital 0.000830%before change: Ordinary shares stake 0.000830%before change: Share in charter capital 0.000829%after change: Ordinary shares stake 0.000829%after change: Date of change of share in September 19, 2014the charter capital: Date of the fact being September 25, 2014reported: Share in charter capital 0.000829%before change: Ordinary shares stake 0.000829%before change: Share in charter capital 0.000249%after change: Ordinary shares stake 0.000249%after change: For further information, please contact: Timothy Post Director, Investor Relations Email: [email protected] Office: +7-861-277-4554 x 17600 Mobile: +7-961-511-7678 Direct Line: +7-861-277-4562 Dina Svishcheva Deputy Director, Investor Relations Email: [email protected] Office: +7-861-277-45-54 x 15101 Mobile: +7-961-511-0202 Direct Line: +7-861-277-4562 Company 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 drogeries) in approximately 2,000 citiesand towns throughout 7 federal regions of the Russian Federation. In accordance with the reviewed IFRS consolidated financial statements for 1H2014, Magnit had revenues of $9,979 million USD and an EBITDA of $1,045 millionUSD. 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 creditrating from Standard & Poor's of BB. Measured by market capitalization, Magnitis one of the largest retailers in Europe.