Material Fact

Press-release Krasnodar April 8, 2013

OJSC "Magnit" Announces the Disposal of Shares by the Entity under the Issuer'sControl

Krasnodar, April 8, 2013: OJSC "Magnit" (the "Company", the "Issuer", MICEX andLSE: MGNT) announces the disposal of shares by the entity which is under theIssuer'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: April 4, 2013 Basis for disposal: Securities Purchase Agreements executed in the trading of MICEX Stock Exchange Amount of votes before 106,994 votes (0.113 1% of the total number ofdisposal: votes) Amount of votes after 106,734 votes (0.1128% of the total number of votes)disposal: Amount of disposed shares: 260 shares (0.0003% of the total equity) Date of disposal: April 5, 2013 Basis for disposal: Securities Purchase Agreements executed in the trading of MICEX Stock Exchange Amount of votes before 106,734 votes (0.1128% of the total number of votes)disposal: Amount of votes after 106,484 votes (0.1126% of the total number of votes)disposal: Amount of disposed shares: 250 shares (0.0002% of the total equity)

For further information, please contact:

Timothy Post Director, Investor Relations e-mail: [email protected] Tel. in Krasnodar +7 (861) 277-45-54, 210-98-10 ext. 7600 Mob.: +7 (961) 511-76-78 Direct line for investors only: +7 (861) 277-45-62 Dina Svishcheva Deputy Director, Investor Relations e-mail: [email protected] Tel. in Krasnodar +7 (861) 277-45-54, 210-98-10 ext. 5101 Mob.: +7-961-511-02-02 Direct line for investors only: +7 (861) 277-45-62 Company description:

Headquartered in the southern Russia city of Krasnodar, Magnit (LSE and MICEX:MGNT) is the holding company for a group of entities that operate in the retailtrade under the "Magnit" brand. The chain of "Magnit" stores is one of theleading food retail networks in Russia. As of December 31, 2012 the chainconsisted of 6,046 convenience stores, 126 hypermarkets, 20 "Magnit Family"stores and 692 cosmetics stores (drogerie) in 1,605 cities and towns throughoutthe Russian Federation.

Approximately two-thirds of the Magnit's stores are located in cities with apopulation of less than 500,000 inhabitants. Most of its stores are located inthe Southern, North-Caucasian, Central and Volga regions. The Company alsooperates stores in the North-Western, Urals and Siberian regions.

As of December 31, 2012 Magnit operated an in-house logistics system consistingof 18 distribution centers, employing automated stock replenishment systems anda fleet of 4,401 vehicles.

In accordance with the audited IFRS consolidated financial statements for 2012,Magnit recorded consolidated revenues of approximately $14,430 million USD anda consolidated EBITDA of $1,524 million USD.