Change of Share

Press-release Krasnodar August 28, 2013 OJSC "Magnit" Announces the Change of Share of the Entity under the Issuer's Control Krasnodar, August 28, 2013: 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 August 26, 2013 Disposal of shares Amount of disposed shares: 4,042 shares (0.0043% of the total equity) Basis for disposal: Securities Purchase Agreements executed in the trading of MICEX Stock Exchange, Repurchase Agreement Amount of votes before 84,051 votes (0.0889% of the total number of votes)disposal: Amount of votes after 80,009 votes (0.0846% of the total number of votes)disposal: August 26, 2013 Acquisition of shares Amount of acquired shares: 4,000 shares (0.0042% of the total equity) Basis for acquisition: Securities Purchase Agreements executed in the trading of MICEX Stock Exchange Amount of votes before 80,009 votes (0.0846% of the total number of votes)acquisition: Amount of votes after 84,009 votes (0.0888% of the total number of votes)acquisition: August 27, 2013 Acquisition of shares Amount of acquired shares: 11,651 shares (0.0123% of the total equity) Basis for acquisition: Securities Purchase Agreements executed in the trading of MICEX Stock Exchange, Repurchase Agreement Amount of votes before 84,009 votes (0.0888% of the total number of votes)acquisition: Amount of votes after 95,660 votes (0.1012% of the total number of votes)acquisition: August 27, 2013 Disposal of shares Amount of disposed shares: 7,818 shares (0.0083% of the total equity) Basis for disposal: Repurchase Agreement Amount of votes before 95,660 votes (0.1012% of the total number of votes)disposal: Amount of votes after 87,842 votes (0.0929% of the total number of votes)disposal: 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 by Sergey Galitskiy, thecompany is headquartered in the southern Russian city of Krasnodar. As of June30, 2013, Magnit operates 18 distribution centers and over 7,000 stores (6,552convenience, 164 hypermarkets, and 700 cosmetics) in more than 1,700 cities andtowns throughout 7 federal regions of the Russian Federation. In accordance with the unaudited IFRS management accounts for 1H 2013, Magnithad revenues of $8,796 million USD and an EBITDA of $889 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.