Change of Share

Press-release Krasnodar October 8, 2013 OJSC "Magnit" Announces Change of Share in the Charter Capital Krasnodar, October 8, 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 OJSC "Magnit" Board of Directors. Name and position of the Khachatur Pombukhchan, the chairman of OJSC "Magnit"person: Board of Directors Company: Open joint-stock company "Magnit", 15/5, Solnechnaya street, Krasnodar, Russia Date of change of share in October 3, 2013the charter capital: Share in charter capital 0,00266%before change: Ordinary shares stake 0.00266%before change: Share in charter capital 0.00268%after change: Ordinary shares stake 0.00268%after change: Date of the fact being October 8, 2013reported: Date of change of share in October 4, 2013the charter capital: Share in charter capital 0,00268%before change: Ordinary shares stake 0.00268%before change: Share in charter capital 0.00269%after change: Ordinary shares stake 0.00269%after change: Date of the fact being October 8, 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 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 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.