Change of Share

Press-release Krasnodar October 24, 2013 OJSC "Magnit" Announces Change of Share in the Charter Capital Krasnodar, October 24, 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 Marina Ivanova, themember of the OJSC "Magnit" Management Board, from 0.0069% to 0.00698%. 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 before 0.0069%change: Ordinary shares stake before 0.0069%change: Share in charter capital after 0.00698%change: Ordinary shares stake after 0.00698%change: Date of change of share in the October 23, 2013charter capital: Date of the fact being October 24, 2013reported: 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 ofSeptember 30, 2013, Magnit operates 19 distribution centers and over 7,600stores (6,783 convenience, 178 hypermarkets, and 685 cosmetics) in more than1,760 cities and towns throughout 7 federal regions of the Russian Federation. In accordance with the reviewed IFRS consolidated financial statements for 1H2013, Magnit had revenues of $8,796 million USD and an EBITDA of $890 millionUSD. 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 has a creditrating from Standard & Poor's of BB. Measured by market capitalization, Magnitis now Europe's 2nd largest retailer.