Change of Share (BoD and the Management Board Members)

Press-release Krasnodar December 31, 2013 OJSC "Magnit" Announces the Change of Share of the BoD Members and the Membersof the Management Board in the Charter Capital Krasnodar, December 31, 2013: OJSC "Magnit", Russia's largest 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. Name of issuer Open Joint Stock Company "Magnit," a company incorporated and existing underthe laws of the Russian Federation with its registered address at 15/5Solnechnaya street, Krasnodar, Russian Federation. On December 30, 2013 the Company has been notified of the following changes ofshare of the BoD members and the members of the Management Board in its chartercapital (date of change: December 27, 2013). Name and Share in the Share of the Share in the Share of the position charter capital ordinary shares charter ordinary before change owned before capital after shares after change change change Pombukhchan 0,001% 0,001% 0,0028% 0,0028%Khachatur Chairman ofthe BoD Arutyunyan 0,2054% 0,2054% 0,2068% 0,2068%Andrey BoD member Butenko 0,0814% 0,0814% 0,0828% 0,0828%Valeriy BoD member Shkhachemukov 0,0024% 0,0024% 0,0029% 0,0029%Aslan BoD member Barsukov 0,0026% 0,0026% 0,0033% 0,0033%Alexander member of theManagementBoard Sattarov Ilya 0,0005% 0,0005% 0,0018% 0,0018% member of theManagementBoard Ivanova Marina 0,00698% 0,00698% 0,00835% 0,00835% member of theManagementBoard 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: +7-861-277-4562 Dina Svishcheva Deputy Director, Investor Relations Email: [email protected] Office: +7-861-277-45-54 x5101 Mobile: +7-961-511-0202 Direct Line: +7-861-277-4562 Company description: Magnit is Russia's largest retailer. Founded in 1994, the company isheadquartered in the southern Russian city of Krasnodar. As of September 30,2013, Magnit operated 19 distribution centers and over 7,600 stores (6,783convenience, 178 hypermarkets, and 685 cosmetics) in more than 1,760 cities andtowns throughout 7 federal regions of the Russian Federation. In accordance with its reviewed IFRS consolidated financial statements, Magnithad 1H 2013 revenues of $8.7 billion USD and an EBITDA of $890 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 nowEurope's 2nd largest food retailer.