Material Fact

Press-release Krasnodar January 15, 2014 OJSC "Magnit" Announces the Acquisition of Shares by the Entity under the Issuer'sControl Krasnodar, January 15, 2014: OJSC "Magnit", Russia's largest retailer (the"Company", the "Issuer", MICEX and LSE: MGNT), announces the acquisition ofshares by the 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 Date of acquisition: January 13, 2014 Amount of acquired shares: 370 shares (0.000391% of the total equity) Basis for acquisition: Sales andPurchase Agreements executed in the trading of MICEX Stock Exchange Amount of votes before 17,364 votes (0.018362% of the total number ofacquisition: votes) Amount of votes after 17,734 votes (0.018754% of the total number of votes)acquisition: Date of acquisition: January 14, 2014 Amount of acquired shares: 17,350 shares (0.018348% of the total equity) Basis for acquisition: Sales andPurchase Agreements executed in the trading of MICEX Stock Exchange Amount of votes before 17,734 votes (0.018754% of the total number ofacquisition: votes) Amount of votes after 35,084 votes (0.037102% of the total number ofacquisition: votes) 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, the company isheadquartered in the southern Russian city of Krasnodar. As of December 31,2013, Magnit operated 22 distribution centers and over 8,000 stores (7,200convenience, 207 hypermarkets, and 686 cosmetics) in more than 1,868 cities andtowns throughout 7 federal regions of the Russian Federation. In accordance with its reviewed IFRS consolidated financial statements, Magnithad 1H 2013 revenues of $8.7 billion USD and an EBITDA of $890 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 nowEurope's 2nd largest food retailer.