Registration of Changes to Resolution and to Prospectus

Press-release Krasnodar December 18, 2013 OJSC "Magnit" Filed the Application for the Registration of Changes to theResolution Authorizing the Issuance of Bonds and to the Prospectus Krasnodar, December 18, 2013: OJSC "Magnit", Russia's largest retailer (the"Company", the "Issuer", MICEX and LSE: MGNT), filed the application for theregistration of changes to the Resolution authorizing the issuance of bonds andto the Prospectus. Please be informed that on December 17, 2013 the Issuer filed the applicationfor the registration of changes to the Resolution authorizing the issuance ofthe non-convertible interest-bearing certified bonds of the 02, 03 series tothe bearer with the obligatory centralized custody placed in the form of publicsubscription eligible for anticipated repayment at the request of holders andat the discretion of the Issuer (the "Resolution), as well as to the Prospectuswith the Bank of Russia Financial Markets Service. The decision to change (approve) the Resolution and the Prospectus was approvedby the Board of Directors of OJSC "Magnit" on December 12, 2013 (Minutes w/oNo. of 12.12.2013). 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 September 30,2013, Magnit operated 19 distribution centers and over 7,600 stores (6,783convenience, 178 hypermarkets, and 685 cosmetics) in more than 1,760 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.