Material Fact

Press-release Krasnodar July 2, 2013 OJSC "Magnit"Announces the Disposal of Shares by the Entity under the Issuer'sControl Krasnodar, July 2, 2013: OJSC "Magnit", Russia largest retailer (the "Company",the "Issuer", MICEX and LSE: MGNT), announces the disposal of shares by theentity 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 disposal: voting shares of the Issuer Date of disposal: June 27, 2013 Amount of disposed shares: 4,200 shares (0.0044% of the total equity) Basis for disposal: Securities Purchase Agreements executed in the trading of MICEX Stock Exchange Amount of votes before 84,089 votes (0.0889% of the total number of votes)disposal: Amount of votes after 79,889 votes (0.0845% of the total number of votes)disposal: Date of disposal: June 28, 2013 Amount of disposed shares: 9,414 shares (0.0099% of the total equity) Basis for disposal: Securities Purchase Agreements executed in the trading of MICEX Stock Exchange Amount of votes before 79,889 votes (0.0845% of the total number of votes)disposal: Amount of votes after 70,475 votes (0.0745% of the total number of votes)disposal: 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 March31, 2013, Magnit operates 18 distribution centers and over 7,000 stores (6,209convenience, 153 hypermarkets, and 713 cosmetics) in more than1,600 cities andtowns throughout 7 federal regions of the Russian Federation. In accordance with its audited IFRS consolidated financial statements foryear-end 2012, Magnit had revenues of $14.43 billion USD and an EBITDA of $1.52billion USD. 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 hasa credit rating from Standard & Poor's of BB. Measured bymarket capitalization, Magnit is now Europe's 2nd largest retailer.