Change of Share

Press-release Krasnodar March 4, 2014 OJSC "Magnit" Announces the Change of Share of the Entity under the Issuer's Control Krasnodar, March 4, 2014: OJSC "Magnit", Russia's largest retailer (the"Company", the "Issuer", MICEX and LSE: MGNT), announces the change of share ofthe entity which is under the Issuer's control. Full company name and joint-stock company "Tander"address: 185, Levanevskogo street, Krasnodar, Russia Taxpayer Id Number: 2310031475 Principal State 1022301598549Registration Number: Object of acquisition: voting shares of the Issuer February 26, 2014 Acquisition of shares Amount of acquired shares: 300 shares (0.000317% of the total equity) Basis for acquisition: Sale and Purchase Agreements executed in the trading of MICEX Stock Exchange Amount of votes before 45,516 votes (0.048134% of the total number ofacquisition: votes) Amount of votes after 45,816 votes (0.048451% of the total number of votes)acquisition: February 26, 2014 Disposal of shares Amount of disposed shares: 299 shares (0.000316% of the total equity) Basis for disposal: Sale and Purchase Agreements executed in the trading of MICEX Stock Exchange Amount of votes before 45,816 votes (0.048451% of the total number of votes)disposal: Amount of votes after 45,517 votes (0.048135% of the total number of votes)disposal: March 3, 2014 Acquisition of shares Amount of acquired shares: 207,844 shares (0.219798% of the total equity) Basis for acquisition: Sale andPurchase Agreements executed in the trading of MICEX Stock Exchange, Repurchase agreement Amount of votes before 45,517 votes (0.048135% of the total number ofacquisition: votes) Amount of votes after 253,361 votes (0.267933% of the total number ofacquisition: votes) March 3, 2014 Disposal of shares Amount of disposed shares: 4,699 shares (0.004969% of the total equity) Basis for disposal: Sale and Purchase Agreements executed in the trading of MICEX Stock Exchange Amount of votes before 253,361 votes (0.267933% of the total number ofdisposal: votes) Amount of votes after 248,662 votes (0.262964% of the total number ofdisposal: votes) For further information, please contact: Timothy Post Director, Investor Relations Email: [email protected] Office: +7-861-277-4554 x17600 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 x15101 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 the unaudited IFRS management accounts for 2013, Magnit hadrevenues of $18,202 million USD and an EBITDA of $2,032 million USD. Magnit'slocal shares are traded on the Moscow Stock Exchange (MICEX: MGNT) and its GDRson the London Stock Exchange (LSE: MGNT) and it has a credit rating fromStandard & Poor's of BB. Measured by market capitalization, Magnit is nowEurope's 2nd largest retailer.