Correction: Admission to Trading at OJSC "SPE"

"Inclusion of shares into the quotation list of OJSC "Saint PetersburgExchange" has been replaced by "Admission of Shares to Trading at OJSC "SaintPetersburg Exchange""Date of inclusion of shares into the quotation list" has been replaced by"Date of inclusion of shares into the list of securities admitted to trading" Press-release Krasnodar June 5, 2014 OJSC "Magnit" Announces the Admission of its Shares to Trading at OJSC "SaintPetersburg Exchange" Krasnodar, June 5, 2014: OJSC "Magnit" (the "Company"; MICEX and LSE: MGNT) ispleased to announce the admission of its shares to trading at OJSC "SaintPetersburg Exchange". Please be informed that shares of OJSC "Magnit" will be included into the listof securities admitted to trading at OJSC "Saint Petersburg Exchange". Securities market Open joint-stock company" Saint Petersburg Exchange"maker: Type of securities: Ordinary registered shares (State registration number 1-01-60525-P) Date of inclusion June 6,2014of shares into thelist of securitiesadmitted totrading: For further information, please contact: Timothy Post Director, Investor Relations Email: [email protected] Office: +7-861-277-4554 x 17600 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 x 15101 Mobile: +7-961-511-02-02 Direct line: +7 (861) 277-45-62 Company description: Magnit is Russia's largest food retailer. Founded in 1994, the company isheadquartered in the southern Russian city of Krasnodar. As of March 31, 2014,Magnit operated 23 distribution centers and over 8,200 stores (7,341convenience, 215 hypermarkets, and 700 cosmetics) in more than 1,905 cities andtowns throughout 7 federal regions of the Russian Federation. In accordance with the audited IFRS consolidated financial statements for 2013,Magnit had revenues of $18,202 million USD and an EBITDA of $2,032 million USD.Magnit's local shares are traded on the Moscow Stock Exchange (MICEX: MGNT) andits GDRs on the London Stock Exchange (LSE: MGNT) and it has a credit ratingfrom Standard & Poor's of BB. Measured by market capitalization, Magnit is oneof the largest retailers in Europe.