Change of Share

Press-releaseKrasnodarJanuary 25, 2013

OJSC "Magnit" Announces Change ofShare of the BoD Members and Members of theManagement Board in the Charter Capital

Krasnodar, January 25, 2013: OJSC "Magnit" (the "Company"; MICEX and LSE: MGNT)announces change of share of the BoD members and members of the ManagementBoard 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, Krasnodar region, Russian Federation.

On January 25, 2013 the Company has been notified of the following changes ofshare of the BoD members and members of the Management Board in its chartercapital (date of change: January 24, 2013).

Name and Share in Share of ordinary Share in Share of position charter capital shares owned charter ordinary before change before change capital after shares after change change Pombukhchan 0,0022% 0,0022% 0,0023% 0,0023% Khachatur Chairman of the BoD Sattarov Ilya 0,0022% 0,0022% 0,0005% 0,0005% member of the Management Board

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:Headquartered in the southern Russia city of Krasnodar, Magnit (LSE and MICEX:MGNT) is the holding company for a group of entities that operate in the retailtrade under the "Magnit" brand. The chain of "Magnit" stores is one of theleading food retail networks in Russia. As of December 31, 2012 the chainconsisted of 6,046 convenience stores, 126 hypermarkets, 20 "Magnit Family"stores and 692 cosmetics stores (drogerie) in 1,605 cities and towns throughoutthe Russian Federation.Approximately two-thirds of the Magnit's stores are located in cities with apopulation of less than 500,000 inhabitants. Most of its stores are located inthe Southern, North-Caucasian, Central and Volga regions. The Company alsooperates stores in the North-Western, Urals and Siberian regions.As of December 31, 2012 Magnit operated an in-house logistics system consistingof 18 distribution centers, employing automated stock replenishment systems anda fleet of 4,401 vehicles.

In accordance with the unaudited IFRS management accounts for 2012, Magnitrecorded consolidated revenues of approximately $14,430 billion USD and aconsolidated EBITDA of $1,524 million USD.