OREANDA-NEWS. September 28, 2011. Share in charter capital of OJSC "Magnit" (ordinary shares stake) owned by Khachatur Pombukhchan, the chairman of the Board of OJSC "Magnit" directors, has changed from 0.0046% to 0.0047%.

Name and position of the person:

Khachatur Pombukhchan, the chairman of the Board of OJSC "Magnit" directors

Company:

Open joint-stock company "Magnit", 18, Kolkhoznaya street, Krasnodar, Russia

Share in charter capital before change:

0.0046%

Ordinary shares stake before change:

0.0046%

Share in charter capital after change:

0.0047%

Ordinary shares stake after change:

0.0047%

Date of the fact being reported:

September 20, 2011

Based in Krasnodar, in the Southern region of Russia, Open Joint Stock Company "Magnit" is the holding company for a group of entities that operate in the retail trade under the "Magnit" brand. The chain of "Magnit" stores is one of the leading food retail networks in Russia. As of June 30, 2011 the chain consisted of 4,366 convenience stores, 66 hypermarkets and 28 cosmetics stores (drogerie) in 1,286 locations in the Russian Federation.

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

As of June 30, 2011 the Company operated an in-house logistics system consisting of 12 distribution centers, employing automated stock replenishment systems and a fleet of 3,454 vehicles.

In accordance with the unaudited IFRS consolidated financial statements for 1H 2011, the Company recorded consolidated revenue of approximately USD 5,471 million and consolidated EBITDA of around USD 359 million.