Change of Share (BoD and Management Board Members)

Press-release Krasnodar July 7, 2014 OJSC "Magnit" Announces the Change of Share of the BoD Members and the Membersof the Management Board in the Charter Capital Krasnodar, July 7, 2014: OJSC "Magnit", Russia's largest food retailer (the"Company"; MICEX and LSE: MGNT), announces the change of share of the BoDmembers and the members of the Management Board in the charter capital. On July 7, 2014 the Company has been notified of the following changes of shareof the BoD members and the members of the Management Board in its chartercapital (date of change: July 3, 2014). Name and Share in the Share of the Share in the Share of the position charter capital ordinary shares charter capital ordinary shares before change before change after change after change Khachatur 0,00077% 0,00077% 0,0016% 0,0016%Pombukhchan Chairman ofthe BoD Andrey 0,20677% 0,20677% 0,2076% 0,2076%Arutyunyan BoD member Aslan 0,00286% 0,00286% 0,00369% 0,00369%Shkhachemukov BoD member Alexander 0,00335% 0,00335% 0,00418% 0,00418%Barsukov member of theManagementBoard Ilya Sattarov 0% 0% 0,00083% 0,00083% member of theManagementBoard Marina Ivanova 0,00312% 0,00312% 0,00395% 0,00395% member of theManagementBoard 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 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.