Change of Share

Press-release Krasnodar January 23, 2014 OJSC "Magnit" Announces Change of Share in the Charter Capital Krasnodar, January 23, 2014: OJSC "Magnit", Russia's largest 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, and MarinaIvanova, the member of the OJSC "Magnit" Management Board. Name and position of the Khachatur Pombukhchan, the chairman of OJSC "Magnit"person: Board of Directors Company: Open joint-stock company "Magnit", 15/5, Solnechnaya street, Krasnodar, Russia Share in charter capital 0,0028%before change: Ordinary shares stake 0.0028%before change: Share in charter capital 0.0029%after change: Ordinary shares stake 0.0029%after change: Date of change of share in January21, 2014the charter capital: Date of the fact being January 23, 2014reported: Name and position of the Marina Ivanova, the member of the OJSC "Magnit"person: Management Board Company: Open joint-stock company "Magnit", 15/5, Solnechnaya street, Krasnodar, Russia Share in charter capital 0.0084%before change: Ordinary shares stake 0.0084%before change: Share in charter capital 0.00843%after change: Ordinary shares stake after 0.00843%change: Date of change of share in January 22, 2014the charter capital: Date of the fact being January 23, 2014reported: 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 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 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.