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Change of Share

21st May 2013 11:20

OJSC MAGNIT - Change of Share

OJSC MAGNIT - Change of Share

PR Newswire

London, May 21

Press-release Krasnodar May 21, 2013

OJSC "Magnit" Announces Change of Share in the Charter Capital

Krasnodar, May 21, 2013: 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 the Board of OJSC "Magnit" directors, from 0.00248%to 0.0025%.

Name and position of the Khachatur Pombukhchan, the chairman of the Board ofperson: OJSC "Magnit" directors Company: Open joint-stock company "Magnit", 15/5, Solnechnaya street, Krasnodar, Russia Share in charter capital 0.00248% before change: Ordinary shares stake 0.00248%before change: Share in charter capital 0.0025% after change: Ordinary shares stake 0.0025%after change: Date of change of share in May 20, 2013the charter capital: Date of the fact being May 21, 2013reported:

For further information, please contact:

Timothy Post Director, Investor Relations e-mail: [email protected] Tel. in Krasnodar +7 (861) 277-45-54, 210-98-10 ext. 7600 Mob.: +7 (961) 511-76-78 Direct line for investors only: +7 (861) 277-45-62 Dina Svishcheva Deputy Director, Investor Relations e-mail: [email protected] Tel. in Krasnodar +7 (861) 277-45-54, 210-98-10 ext. 5101 Mob.: +7-961-511-02-02 Direct line for investors only: +7 (861) 277-45-62 Company description:

Magnit is Russia's largest retailer. Founded in 1994 by Sergey Galitskiy, thecompany is headquartered in the southern Russian city of Krasnodar. As of March31, 2013, Magnit operates 18 distribution centers and over 7,000 stores (6,209convenience, 153 hypermarkets, and 713 cosmetics) in more than1,600 cities andtowns throughout 7 federal regions of the Russian Federation.

In accordance with its audited IFRS consolidated financial statements foryear-end 2012, Magnit had revenues of $14.43 billion USD and an EBITDA of $1.52billion USD. 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 hasa credit rating from Standard & Poor's of BB. Measured bymarket capitalization, Magnit is now Europe's 2nd largest retailer.

Related Shares:

MGNT.L
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